Congratulations! You are ready to buy a home!
Purchasing a home is an exciting process. You get to house hunt and explore everything your area has to offer! But it is also a big decision with many factors to consider. Finding the right property can be a challenge, but with an experienced and knowledgable Realtor by your side, it doesn’t have to be difficult. I can help you discern between what would be a short-term solution to your housing problem and what could possibly be a more long-term plan.
Here are my 5 best tips when buying a home for the first time:
- Neighborhood – Do your research before looking at homes in neighborhoods that aren’t convenient for young families. Look into school districts, local parks, neighbors and proximity to doctors and hospitals. Consider the length of your commute to work so that you can maximize the amount of time you have to spend with your family.
- Space – How many kids do you want to have? Simple things like sharing a bathroom or closet space can become a hassle in the long run. Families with small children might want to look into an open-concept floor plan for safety reasons. A designated playroom might be a smart idea for your family, or maybe you’d prefer two levels instead of three. List out what your priorities before making the move.
- Affordability – Now that you know what you’re looking for, the next step is figuring out what type of home you can afford. A review of your income, savings, monthly expenses and debt will be necessary. Use our Affordability Calculator!
- Offer – Once you’ve found your ideal house, it’s time to get started with the financial and contractual side of the purchase. Let your CENTURY 21® real estate professional guide you through this process. Purchase contracts vary in length and terms from state to state, and sometimes within a state. Multiple offers on the same home are not uncommon, so you may only get one chance to make an offer that the seller will consider. That’s why it’s important to think carefully about your strategy. In most cases it is better to have your real estate professional present the offer. Learn more here!
- Inspection – Once you’ve made an offer, hire a professional home inspector to give the house a standard inspection and make sure that it is a safe home for your family.