Are you in the market for a new home or thinking about it?
Either way these tips can help you prepare and better understand the process once you make the decision to move forward!
STEP 1: Lay the groundwork.
These are things you can (and should) be doing right now even if your home purchase is months or even years ahead! It is especially important to assess your financial situation, including your credit status, money for downpayment and closing, and how much you can and want to spend on your home. The sooner you sort this out, the sooner you can set your timetable to get your new home. Check out the infographic below for more details!
STEP 2: Work with an agent.
Even if you are just getting started in the process, you can still work with a Realtor®. A Realtor® can help you understand the steps in the process, what to expect and how to prepare, and will coach you on navigating the real estate market place.
STEP 3: Communicate effectively.
The team involved in your home purchase consists of your Realtor®, lender/banker, inspector, any other agent involved in the property listing, and others who have a role in making the home purchase come together. Your Realtor® serves as a coordinator to ensure the transaction goes smoothly with all involved. It is essential that you communicate effectively with the team, but in particular with your Realtor® who can help facilitate communications with everyone else on the team.
STEP 4: Be patient, persistent and decisive.
This is another really important area where your Realtor® can be invaluable. There are times in the process where you need to be patient and wait for the process to move forward, but there are also times when some action needs to be taken. Your Realtor® can help you through these steps and help you through the decision process so your transaction goes as smoothly as possible with the least amount of stress!
Step 5: Be flexible.
Keep in mind that it may take some home improvements or even multiple moves to reach your goal of the totally perfect home of your dreams. It’s important to dream, but also to be flexible with the process as you take the steps to move closer to living your dreams.