Be picky but donâ€™t be unrealistic. There is no â€œperfectâ€ home.
Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.
Get your finances in order. Review your credit report and be sure you have enough money to cover your down payment and closing costs.
Donâ€™t wait to get a loan. Talk to a lender and get pre-approved for a mortgage.
Donâ€™t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.
Decide when you can move. When is your lease up?
Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home youâ€™ll buy or what type of mortgage terms suit you best.
Donâ€™t let yourself be â€œhouse-poorâ€! If you max yourself out to buy the biggest home you can afford, youâ€™ll have no money for other financial goals. You want your home to be a blessing not a curse!
Donâ€™t be naÃ¯ve. Insist on a home inspection and, if possible, get a home warranty from the seller to cover defects within the first year.
Get Help. Consider hiring a Realtor as a buyerâ€™s representative. Unlike a listing agent, whose first duty is to the seller, a buyerâ€™s representative is working only for you. And often, buyerâ€™s representatives are paid out of the sellerâ€™s commission payment.
Let me know if I can help!
Realtor, Dawson Ford Garbee