The process of buying a new home has often been portrayed in the media and on television as a ridiculously complicated venture. But if you break it down into the key components, and make sure you have an experienced and qualified realtor by your side every step of the way, you can cut through much of the complication, and get into the home of your dreams that much faster.
Your first step is always to find out how much you can spend on your new home. This will not only help you streamline your search (so you won’t waste time looking at places you can’t afford) but will speed up the overall process, once a seller knows what kind of mortgage you’ve been approved for. Uncertainty on either side of the table can bog down the process.
Once you know what you can afford, find a new home in the neighborhoods in which you’d like to live. Or if the immediate community isn’t as important to you, check for new homes to buy within your price range that fall within a certain radius of where you spend most of your time, e.g. work, school, hangouts, etc. Because why buy a new home that doesn’t allow you easy access to your lifestyle?
Once you’ve settled on the “how much” and the “where”, and you’ve finally tracked down a few candidates for your dream home, start digging into the process. Here is where the help of your realtor can be invaluable. They can help you compare the prices of new homes to buy in the area so you have some negotiating power, either to lower a price or to make a competitive offer.
New home buying can be a daunting process, especially if you haven’t done it before. Use these tips to reduce your stress, smooth the process, and make your dream home a reality in record time. Refernce materials.