Five Tips for Successful Home Buying in 2018

Five Tips for Successful Home Buying in 2018

It’s a new year, which means lots of people are making plans to improve their lives. Some people resolve to eat better, others want to become more organized, and there are always people who set their New Year’s resolution to be purchasing a house. If you’re in that last category, you’ve probably been considering becoming a homeowner for a while now and know that there’s much more to buying a house than making the purchase.

Here are Preview Properties’ “Five Tips for Successful Home Buying in 2018.”

1. Plan Ahead!

A good strategy for any major life decision is to start planning early. Every successful home search begins with a qualified real estate agent. It’s important to select an agent who is familiar with the area you’re looking to buy a home in. You’ll also want to be comfortable around your agent, as you’ll be spending a lot of time with them. Choosing a Realtor, a member of the National Association of Realtors, is your best option as they are bound by the NAR code of ethics.

All Preview Properties Realtors belong to the NAR and are experts in finding your perfect home that meets all your requirements. Our realtors will help you form a negotiation strategy that will make your offer stand out amongst the rest!   

2. Get Pre Approved!

Talk with your Realtor about getting preapproved for a mortgage. Your agent will go over your paperwork with you and help you find a good lender. A lender is someone who will guide you through the mortgage application and closing process, as well as ensure you fully understand what you need to provide, what your loan options are, and your estimated costs. Lenders will help you consider all of the costs of homeownership, like taxes or utilities, so that you have an accurate idea of what your final budget will be.     

3. Wants vs. Needs!

There’s no such thing as “the perfect home,” and many home buyers have to make compromises on features when buying a pre-built home. But one wants to settle for a house they don’t love! That’s why our team at Preview Properties will sit down with you and help you prioritize features you want from features you need.

4. Start Looking Now and Be Ready to Act!

After you’ve discussed a budget with your lender and your priorities with your agent, it’s time to start visiting neighborhoods and homes that fit your requirements. In markets with short supply, it’s not uncommon to see multiple offers and bids high above asking price. This may put pressure on you to act quickly, but try not to worry too much. Though you might lose out on a few homes at first, the right one will come along. Just keep at it! 

5. Be Realistic!

Today’s market is very competitive, and your offer won’t be the only one. Trust your real estate agent to help you make reasonable offers. They will give you recommendations and provide you with comparable sales of similar homes in the area. You can use this information to ensure your offer is consistent with the sale prices of those similar homes and stands out among any other bids.

Home buying can be challenging and stressful. The only person who can decide if now is the right time for you to make this life purchase is you. If you are in the market to buy a new home for the new year, Preview Properties is here to help you start looking!