Buying a home
5 Things to do when buying a home
Buying a home is challenging enough, hire a Realtor like Daniel to represent you and negotiate on your behalf.
1. Get pre-approved with a lender before you start. Not being pre-approved is like going shopping and not knowing how much money you have to spend. Find out what type of loan you qualify for and what your interest rate will be. Having a knowledgeable lender is important because they will make sure that your credit, cash on hand, employment history, your income and your debt all make sense. Get pre-approved before you go shopping.
2. Look at all the properties in your price range. If you are pre-approved for $800,000, check out all the properties up to $850,000. You never know, the seller of the home priced at $850,000 may accept your $800,000 offer. A good real estate agent may be able to negotiate a great deal for you.
3. Go see property with your Realtor. It’s important to check out properties with your real estate agent. This way you and your real estate agent can discuss the things about the home that you like and don’t like. Once you and your real estate agent are in sync, you have a better chance of finding more of what you want.
4. Be specific on your wants and needs. Are you interested in buying a fixer upper? Are you looking for a new or updated home? Talk to your real estate agent about the type of home you are not willing to purchase and the specific reasons you don’t like the property. Some buyers look for bargains and search homes that need some minor work such as paint and flooring or some updating. Some buyers only want a turnkey property. Be specific.
5. Be clear about your time frame. If you are moving because of schools, make sure that you let your real estate agent know. Timing is very important. Make sure that you and your real estate agent are on the same page.
If you are serious about buying a home, call Daniel at 408.460.8401. I look forward to representing you and negotiating the best deal for you.
If you are a first time home buyer and would like to better understand the buying process, watch this video: