Essential Steps To Buying A Home

Posted

Here are five essential tips for making the process of buying a home as smooth as possible.

1. Start by getting your finances in order.

Check the full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house or property.

2. Find a house you can afford.

There are a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.
It is also a good idea to consult with an accountant.

3. Work with a professional.

While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. Seek a professional agent who will have your best interests at heart and can help you with strategies during the negotiation process.

4. Do your research.

Before making an offer, do some research to determine the state of the market at large. Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Co
me up with an asking price that’s competitive, but also realistic. Otherwise, you may end up offending the seller and lose out to another buyer.

5. Think long term.

Seeking to buy in an area with good schools, whether you have children or not, will have an impact on a home’s resale value down the line. There are several factors to take into consideration and when it comes to the house itself don’t forget to take into consideration any tax benefits of owning a home.
Remember the old saying location, location, location!

If you would like to learn more about the necessary steps to purchase your next home, contact Robert direct at 805-252-2190 or visit www.sbreal-estate.com