Home Buying Tips

Five Bedroom Broadmoor Home with Pool

Buying a home can seem like a daunting process, but with a little planning and advice from qualified people buying a home can be an exciting time.  A qualified real estate agent can help relieve the stressful aspects of home buying so you can focus on the excitement of finding a new space to make your own.

Below are a few tips to get started.

1. Do a little homework before starting your search.  While no home may be exactly perfect, some features such as paint color or carpet are easily changed.  Start with a list of features that you would like and know which ones are must-haves.
2. Get pre-qualified for a mortgage.  Talk to a qualified mortgage company in order to get finances in order.  You will find out how much loan you can qualify for.  This will help you know what price home you can start looking at.  A good mortgage company will also give you estimated monthly payment information so you can be sure your new home will fit into your budget and they will also help you plan for other costs such as closing costs or possible down payments.  
3. Plan ahead.  Know what type of home you are looking for - starter home, upsize or downsize.  This will help you stay on track in your home search and may influence which type of mortgage terms are best for you.
4. Don't become house poor!  Just because you qualify for $250,000 doesn't mean you have to spend that much.  Talk with your mortgage officer to be certain that your monthly house payment fits into your budget.  Leave room to save money for decor, remodeling or your other financial goals.
5. Know any move dates.  If you are currently renting or being transferred, you may have a defined move date.  Know this as well as any other pertinent information such as when you lease ends.  Your real estate agent can help you plan and discuss time tables, such as closing dates, etc., with you.
6. Be safe.  Talk to your real estate agent about necessary home inspections to insure the integrity of the home you are considering and also discuss the possibility of a home warranty (purchased by the seller) for further protection during that first year.  There are many options to consider in the process of putting an offer on a home.  Talk to a qualified real estate agent to understand all your options and to be sure your new investment is protected.  

Please visit my website for more information about the process of buying or selling a home or feel free to contact me directly if you have questions.  I can help you find a good mortgage company that will meet your needs or answers questions about the buying or selling process or what it takes to put an offer on a home.