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10 Tips For Homebuyers November 24, 2009

Posted by Lisa Sabin in Real Estate, Tips For Buyers.
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1.  Find a real estate agent that you like.  Buying a home is more than a financial commitment, it’s an emotional decision.  Find an agent who is skilled and a good fit with your personality.

2.  Remember, there’s no “right” time to buy, any more than there’s a right time to sell.  If you find a home now, don’t try to second guess the housing market by waiting.  Changes don’t usually occur fast enough to make that much difference in price.  A good home will not stay on the market long.

3.  Expect to have some maintenance and repair costs and factor them into your post-home buying budget.  Even if you are buying a new home, there will be some costs.

4.  Accept that a little buyer’s remorse is inevitable.  Buying a home  is a big commitment, but it also yields big benefits.

5.  Choose a home because you love it.  However, it’s also important to think about appreciation and resale.  You may want to sell at some point and you’ll want to make sure that your home would be appealing to future buyers.

6.  Don’t ask for too many opinions.  Too many ideas will make it harder to make a decision.  Trust yourself and what feels right to you.

7.  Accept that no house is perfect.  Focus on the things that are important to you and let the minor things go.

8.  Negotiation is part of the real estate process.  However, being a “killer negotiator” may result is losing the home you love. 

9.  Remember to look at the big picture, not just home size and room size.  Pay attention to neighborhood, noise level, and travel time .  Think about the impact of what it would be like to live in your new home.

10.  Don’t wait until you’ve found a home to get approved for a mortgage.  It’s important to know what your costs will be so that when you make an offer, your bid will be attractive to sellers.