4 Tips To Get Ready To Buy A Home

Posted by Shawn Clayton on Friday, October 13th, 2017 at 11:12am.

Getting Ready to Buy a HomeBuying a home is a multi-step process that can take time, coordination and a variety of smart decisions on the part of the home buyer. Knowing what steps to take in the months before buying an oceanfront home can help you find a home successfully, and for a price you can afford.

Go To Showings

Attending showings is a good way to determine what kind of homes are on the market, where you would like to buy a property—be it in Eagleswood or elsewhere—and what kind of features you'd like to have when you do buy. Going to showings can also generate excitement for buying a property, which can help make the process more rewarding. To get the full benefit of home showings, go to as many as you can in the months before you decide to make an offer on a property.

Set A Budget

Establishing a budget is important for ensuring that the house you choose is one that you can afford. Setting a budget is a process that can take time. For many buyers, finding a lender is the first step of establishing a budget. A good lender can help you determine how much mortgage you qualify for, what the monthly payments for that mortgage would be and what the interest rate will be.

Finding a lender and determining the amount that you would qualify to borrow can help you decide how much you'd like to spend on a house. Remember, just because you qualify to borrow a certain amount does not mean that you should borrow that amount. Once you know how much the monthly payments for a mortgage would be, you can decide whether or not this is something you can truly afford. Don't forget the cost of maintenance, which can add up to as much as 1 percent of the purchase price of the home per year, or more if you purchase a house with high maintenance needs.

Make A List of Must-Haves

A list of must-haves will help you narrow down properties and focus your attention on the types of properties that will make you the most happy. When considering must-haves, ask yourself which home features would be too expensive to install after the fact? If you have a family, which home features are most important for your current children or future children? Which home features are essential for ensuring enjoyment of your property? Knowing the answers to these questions can help you pick the right house for your needs.

Find A Good Real Estate Agent

A good real estate agent is your ally during the home buying process. Your real estate agent can help you identify properties that fall within your budget and meet your needs. In addition, your real estate agent can help you negotiate the best price for the property that you choose. When choosing a good real estate agent, it helps to interview each potential candidate.

Ask questions regarding the candidate's experience with home buying in the areas where you plan to purchase a property, then inquire about strategies that each real estate agent would recommend. Pick the candidate that can communicate clearly, seems to understand your goals and who makes you feel the most comfortable. Picking the right real estate agent can help ensure a successful and satisfying home buying experience, so take your time and choose the person who is truly right for you.

Shawn Clayton, Owner/Broker, REALTORĀ®

Jersey Shores Luxury Home Expert
732-295-2222

Contact Shawn

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