5 Tips When Buying a Home

It’s a great time to buy because there are still quite a lot of homes for sale now and interest rates have continued to stay low. Whether it’s your first time purchasing real estate or you’re a seasoned professional, here are a few tips to make shopping for a new house more pleasurable.

1. Get Help

Searching through all of the available real estate can be mind-boggling. Find a professional real estate agent/agency to wade through the homes for sale and find one that meets your family and financial needs. Many homes are not listed on websites and a professional real estate agent may have access and knowledge about these properties which meet your requirements

2. Start Looking Now

Finding the perfect house can take months, especially if you’re looking in a competitive market. If you’re looking at getting a good deal on a distressed sale, then these transactions need to move quickly and you may not have time if you’re waiting on the bank loan approval to make the final call. Try to be patient. The more thorough you are in your search, the happier you’ll be in the long term.

3. Don’t Settle for the First Place You See

Searching for a house can be extremely emotional. If you think you’ve found the one, then take a step back, consult your real estate agent and go over your housing checklist one last time before making an offer or entering into negotiations with the seller.

4. Weigh the Pros and Cons

Almost any property will need a few improvements. Even newly constructed houses usually need improvements like landscaping. Sellers are savvier now about how to make cosmetic changes to catch a buyer’s eye, so look carefully. There will still be things you want to change. Weigh the difference between the cost of those repairs and the sale price. If you really want a house even though it’s going to take a lot of work, make your offer accordingly.

5. Make Sure Your Financing is in Order

Having financing done in advance makes your job of buying a home much easier because you’ll know how much you can afford. Save up a down payment and then talk with your bank and get pre-approved for a loan when possible. Your loan officer can also help you determine what your monthly payments will be based on how much money you borrow. 

If you’re looking for a professional real estate agency to help you find your perfect home, find out how we can help by visiting winwin-properties.com 

Our professional team can assist you along the entire buying/selling/renting process. Please complete the contact form on winwin-properties.com to schedule a free initial consultation meeting to see if we are the right fit for you. If you are an NRI, please visit our website NRI-Property.com, designed specifically to meet the needs of NRI clients.

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2 thoughts on “5 Tips When Buying a Home”

  • Santhosh Kumar

    This is a great article

    • harsha@gubbacci.com

      Thanks Santhosh


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