Given that a home is likely the most expensive purchase you will ever make, it’s no wonder many new buyers can be overwhelmed by the process. However, if you take a little time upfront to develop a game plan you can easily streamline and focus the process.
Over 90% of home buyers start their search on the internet. That’s fine. There are a number of tools available to the public that help people get an idea of what homes may be on the market. The problems with this process are that many sites do not carry up to date and reliable information and you can easily get caught in the web of options and waste countless hours of your time.
So how can you make sure your goals remain focused and you make the most of your time?
#1.Meet With a Lender
Your lender will help you understand the financing options available to you, identify a price range, and get you pre-approved for your mortgage loan. By determining your target price range you can eliminate time looking at and searching for homes that don’t fit your budget. A pre-approval will make you a stronger buyer in the negotiation process when you decide to write an offer on a property.
#2. Find an Agent
Ask your friends and co-workers for referrals and meet with as many agents as you need to until you find someone you feel comfortable with. Your agent is your guide through the home buying process so you’ll want someone you feel comfortable with and can count on.
Your agent will be able to help you focus your housing goals so you maximize your time spent shopping for that new home. Likewise, your agent can schedule private showings of properties that fits your goals so that you don’t have to give up valuable weekend time popping into as many open houses as possible.
By working with an agent right off the bat you will immediately gain an advocate that is working for you and is available to answer your questions as they occur.
While we live in a DIY world, the home buying process isn’t necessarily the best place to go at it alone. By contacting these two professionals right off the bat you can save hours of your time, focus your attention in the right places, and gain advocates for you along the way.