THE JOY AND THRILL OF HOUSE HUNTING
If you are a first time home buyer, house hunting can really be both exciting and exhilarating. Especially if you have spent several years saving for your first major buy of a lifetime investment. It is no secret that looking for the house of your dreams is not always an easy task as the effort can really be tedious, more so, if you are not well prepared. As always, due diligence and some research work should be done before embarking on a new journey.
Terra International Realty, as a beacon light has prepared some checklist to be sure you’re on the right path on your first house hunt:
Be sure of your prepared budget and confine your hunt within that budget
You must be clear with your do’s and don’ts on a property you would like to acquire.
Be sure to pass the pre-qualification requirements of a mortgage lender, just in case you will be needing extra financing
Don’t get muzzy or feel pressured by other people’s opinion. The bottom line is it’s you and your loved ones who’ll be spending the rest of your days in your new hunt.
It is so easy to get overly excited when looking at a line of different choice . Study every property properly before making any decision. The following are common mistakes that should be avoided, especially, by a first time home buyer:
Working alone = Roughly 87 percent of all buyers work with a real estate agent when looking for their new home. One may argue that working with an agent is especially critical during the first time home buying process; TERRA is run by professionals who are extremely knowledgeable about the home buying process, are up to date on the best neighborhoods and market trends, and have access to property listings that are not publicly available.
No wish list = Having a specific wish list is very important to guide you in your hunt. The truth is sometimes your budget does not match the reality before your eyes. With a checklist you can avoid frustrations and disappointments.
Listening to unwanted Advice or opinion= Everyone, from friends, parents, extended relatives and coworkers will want to offer their advice and opinions when they learn that you are in the process of buying a house. Because buying a house is such a personal experience, it is important to filter through unwanted, biased and excessive opinions.
Failing to check every important aspect and situation= Another very big mistake for buyers to is failing to check every nook and cranny of a property during a walk through. There is nothing worse than thinking you’ve got everything you had wished for only to realize that there are a lot of things which are expensive to fix. Bring a home inspection checklist while attending an open house, and have enough time to inspect the property in detail, including exterior areas
Not paying attention with the location= Remember that the location is just as important as the property itself. It is one of the main factors contributing to the property value, how quickly the value will appreciate, and the value and ease of selling the house down the line. Finally, be sure that the surrounding neighborhood will give your desired convenience and peace of mind.
Today a lot of data and information on the internet has given rise to house hunting online. Even if a big number of homebuyers find it more convenient to work with a real estate agent, still, over half of all home buyers find the home they purchase via the internet.