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6 Tips For Finding And Buying Your Next Home

Dec 17, 2021

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6 Tips For Finding And Buying Your Next Home

Your home will be one of the biggest purchases you ever make. So, it's important that you go into the process with a clear picture of what you need. Consider these tips to make sure that you find a home that's just right for you and your family.

1.      Know What You Need

Even before you begin to look at real estate listings, take some time to think about what you want or need in a home. You probably already have some idea of the number of bedrooms and bathrooms you want but think about your other needs. If you don't want to scrape ice in winter, a garage might be on your list of requirements. Or if you host the family holiday gatherings, a large kitchen will be a must!

2.      Research Your Options

Once you have an idea of what you are looking for, start checking out the real estate listings and research what is available and at what price. You might find that two neighborhoods have significantly different prices for similar houses just because the properties are in different school or tax districts.

Or you might find that a certain style of house is extremely common in one neighborhood versus another. If you have mobility issues, you'll want to look in areas where ranch style homes are more common. Or if you require a storage area or a place to pursue a hobby, you might discover that split level homes won't give you the basement space you were counting on.

3.      Think About Your Long-Term Goals

No one can predict the future, but you probably have some long-term goals that you'll need to consider when choosing which house is right for you right now. Are you looking for a small starter home but plan to upgrade in a few years as your family grows? Or do you have small children and want a home where they can grow up and go through school with other kids in the neighborhood?

Think about your job prospects and career path, too. Something as simple as a longer commute to a new job can make a house go from dream home to headache.

4.      Understand the Costs of Buying and Get Your Finances in Order

This is especially important if you're buying for the first time. Determine how much house you can afford and educate yourself on the topics of homeowner's insurance, private mortgage insurance, and property taxes to understand how they will affect your monthly payment.

Whether you're new to the home buying process or have been through it several times, make sure your credit reports are accurate as you prepare to apply for a mortgage. Evaluate your savings to ensure you have funds available to cover the upfront costs you'll have for inspections and closing expenses.

5.      Get Pre-Approved

Speaking of finances, one of the best ways to determine exactly what you can afford is to get pre-approved for a mortgage before you begin searching for a home. By going through the process ahead of time, you'll have a better idea of which houses are affordable to you, and when you do get ready to make an offer, the buyers will look favorably on the fact that your ability to secure a mortgage isn't in question.

6.      Work With Professionals

One of the best ways to find and purchase a home that is priced right and is right for your family is to work with a real estate professional. Professional agents know the overall market, but many specialize in working with clients who are buying or selling within certain neighborhoods or at certain price points. These experts can often share insights about a neighborhood or the value of a particular home that you won't learn through internet research alone.

More importantly, real estate agents are part of a larger network of people who deal with the home buying and selling process in various ways. Therefore, your agent can recommend reliable professionals to conduct inspections, complete repairs, help you secure a mortgage, or address any other need you might have as you look to purchase your home.

If you are looking to purchase a home soon, call Orizon Real Estate at 260-248-8961 to speak with one of our agents today.