Top Tips For Home Buyers
Whether you’re a seasoned home buyer, or this is your very first home purchase, there are a few tips that will help you succeed in securing the home you want.
Here are our 5 top tips for home buyers:
1 – Figure Out What You Can Safely Afford To Pay For A Home
2 – GET PRE-APPROVED
3 – Enlist The Help Of An Experienced Real Estate Professional
4 – Have Clear Goals, But Remain Flexible
5 – When You Find The House You Want, Act Quickly
How Much Home Can You Afford
When purchasing a home, it can be so tempting to look at homes at the very edge of what you can safely afford. It’s also common for buyers to ‘assume’ they know what they can afford. Instead, we suggest you use a Home Affordability Calculator to get a general idea of home much home you can afford.
Once you have a better idea of what you’re able to afford, the next step is to choose a lender and get pre-approved for a loan. Getting pre-approved ensures you know exactly what you can afford, and makes you a more attractive buyer because sellers will know you’re a well-qualified buyer.
Enlist The Help Of A Local Real Estate Professional
The home buying process is riddled with potential pitfalls. Trying to navigate it alone is not a wise move. Enlisting the help of an experienced real estate professional doesn’t cost you anything, but it certainly provides great peace of mind. When interviewing REALTORS, look for a local, experienced agent who has a number of positive client reviews. You should also choose an agent you work well with, as the home buying process can take a number of months.
Have Clear Goals, But Remain Flexible
While it can be tempting to hold out for your dream home, a more practical approach is to set clear goals, but remain flexible. The best way to do this is to create a list with two types of property features: Must-Haves and Nice-To-Haves. This list will help guide you when it’s time to decide whether or not to write an offer on a particular home.
Once you have an accepted offer, it’s important to focus on the end goal – a successful closing. It’s not uncommon for little issues to come up during the home inspection or a seller may ask that you bump closing out a few days because a glitch came up with their deal. Allowing for some flexibility throughout the entire process ensures you won’t lose a deal over a small hiccup that can be easily fixed.
When You Find The House You Want, Act Quickly
The market has remained competitive for a number of years, acting quickly is key to securing an accepted offer on the home you want. Working with your REALTOR, you should write an attractive offer and submit it as quickly as possible.
We wish you great luck on your home buying journey. If we can be of assistance, we’re happy to answer any questions you may have, create a custom home search to alert you of new homes as soon as they hit the market, and take you to tour homes you’re interested in.
For more information, or to meet with one of our local Real Estate agents, call 262-878-9599 toady!
Jeff Braun Realty, LLC
1443 Main Street
Union Grove, WI 53182