Before you start searching for your next house, review these 7 things to consider when buying a home.
Knowing Your Movitations
Understanding your motivations for moving can have an impact on your house hunt. Are you moving to upsize? Downsize? Relocate? All of these factors will impact the type of home you're searching for and can also have an affect on your time frame. Understanding your own motivations for moving is a good place to start.
The Type Of Home You're Looking For
The motivations may have an impact on the type of home your're looking for. Consider the sqaure footage you need, the type of building you'd like to be in and the location.
Once you know the type of home you're looking for, what are the details that you can't live without. Think about what you really need and what features you're willing leave out. This is a good exercise to help you understand which wishlist items are dealbreakers when it comes to finding the perfect home for your family.
The Right Time
Timing is an important factor real estate. Is it a good time for buyers? Your REALTOR® will be a great resource to shed light on the tpye of market we're in. Timing also comes into play if you're you need a home by a specific date, or will be out of your previous home. Again, your motivations for moving tie into the timing of your transaction. You should also consider how quickly you're going to be willing to make decisions. If you find a home you love, how long are you willing to pass while you think about it. Things move quickly in the real estate market, so it's a great idea to think everything through before hand.
Of couse, when it comes time to purchase a home, you have to consider your budget. What's your overall budget? Does it include room for renovations? If you have questions about budgeting for renovations, I would love to talk to you. As a partner in a general contracting company, I have lived through my fair share of renovations!
A Trusted Professional
Family and friends love to give their advice when it comes to buying or selling a home. Lots of people have experience with real estate transactions, but the common theme is their experiences have been with REALTORS® who have guided them through the process.
Finding the Right REALTOR®
When you set out to buy a home, it's important that you find not only any REALTOR®, but the right REALTOR. The right person can help you step-by-step, easing any anxiety you have and will be a valuable resource. Buying a home is so much more than a financial transaction, it's a life-changing move, so having a trusted REALTOR® to guide you is a smart move.