1. Get Pre-Approved
Unless you’re fortunate enough to have enough money to pay for your next home in cash, understand that the process of buying a house doesn’t begin with home searching. It begins by getting pre-approved. The pre-approval process is not the most fun place to start, but by allowing a lender access to your financial information and by filling out an application, you’ll save yourself a lot of time and frustration. Speak with a lender today, they’ll be more than happy to help you through the process.
2. Make a List – “must have’s” vs “nice to have’s”
It’s important to identify what’s important for the house to have early on, so you don’t let your emotions get in the way of your decision making later on. Make a list of what the home must have. The list of must have’s should include things that you shouldn’t compromise on. These items vary for different people, but in general try to have 2-3 solid must have’s written down. Then make a list of the things that would be nice to have, but wouldn’t be totally necessary. These are things that you want to house to possess, but wouldn’t be a deal breaker.
3. Find a Realtor®
We are all trying to save a dollar, but in nearly all cases, a buyer will not have to pay their realtor’s commision. Typically that portion is paid for by the seller. When choosing a Realtor, find one who is up to date on the current market trends, and is willing to go above and beyond to get you in the right home. The process of buying a home is just that, “a process,” so find a realtor who is going to make the experience enjoyable along the way. Also, ask your agent to explain buyer agency and whether or not this is a good fit for you.
4. Communicate with your Realtor®
It’s important to be honest and open with a realtor. The more they understand about what you are looking for, and how they can assist you, the better off you’ll be. If you really don’t know what you’re looking for, or if you are really just looking, let your realtor know. If you want to shock your realtor, give them your list of Must Have’s and Nice to Have’s, they’ll greatly appreciate it. If you follow these steps, you’ll be on your way to buying your new home.
Brought to you by:
Austin Solomon, Realtor | Coldwell Banker Action, Schofield, WI