Jay Allen's Blog
A prepared homebuyer understands the ins and outs of the real estate market. As such, this individual may be better equipped than others to purchase a top-notch residence at a budget-friendly price.
Becoming prepared homebuyer may be easier than you think – here are three tips to get you ready for your house hunt.
1. Narrow Your Home Search
Consider your day-to-day activities as you kick off your home search. If you regularly take the bus or train to work, you may want to consider homes that provide quick, easy access to public transportation. Or if you are a commuter, look for a location in close proximity to the highway. Interested in a particular school for your kids? Make sure to focus on the part of town that feeds into that school.
2. Establish a Price Range
Although you know that you want to buy a home, you may have no idea what it will cost to obtain your dream home. However, if you enter the housing market with a home price range in hand, you'll be off to a good start!
Meet with banks and credit unions in your area. That way, you can learn about myriad home financing options and choose a mortgage that complements your finances. Most importantly, these banks and credit unions can help you estimate your monthly payments at different purchase prices, which is valuable knowledge when creating your budget.
3. Work with a Real Estate Agent
A real estate agent is a homebuying expert who will do everything possible to help you optimize your productivity. If you collaborate with a real estate agent throughout the homebuying process, you can increase the likelihood of getting the best possible results.
A real estate agent will set up home showings, negotiate with a home seller's agent on your behalf and help you get the best price on a home. By doing so, this housing market professional will ensure that you can enjoy a seamless homebuying experience.
Become a prepared homebuyer today – use the aforementioned tips, and you can maximize your readiness to reap the benefits of a quick, efficient homebuying journey.