If you know anyone who’s recently purchased a home, you’re probably aware that the homebuying process can be incredibly stressful, with lots of ups and downs.
It’s especially stressful right now, when demand for homes is so high while supply remains fairly low. For buyers, this means not only the pressure of finding a house that’s just right for your family’s needs, but competing with other buyers for it.
Don’t worry, though– with some extra planning and a good understanding of what the process entails, you’ll make it through and end up with an incredible new home.
Where should I start with the home buying process?
Getting the financial aspect of things sorted out as soon as possible will be your best bet. You should take a close and careful look at your finances in order to understand exactly how much your budget will be.
You should also speak with a mortgage lender in order to prequalify for a mortgage loan. You’ll have to get some financial documents in order for this process, like proof of income and other financial assets, like investments and savings.
Understanding your mortgage loan will also help you determine your budget– if you’re able to secure a great loan, you might be able to spend a little more on a home!
When should I find a real estate agent to help me buy a home?
Looking for a great agent is also one of the first things you should do during the process. Being clear and direct with your real estate agent about your finances and exactly what you’re looking for in a home will greatly help with your search.
Your agent will have access to locally listed homes that you might not be able to find yourself on the popular real estate websites.
They’ll also be well-versed in the area, which means they’ll be able to give you information about homes and neighborhoods that sellers themselves might not divulge.
When should I start looking for available homes?
Having a good idea of your ideal budget is helpful before you start looking in earnest, but it doesn’t hurt to keep an eye on what’s available in your desired area as soon as possible.
This will help you figure out the areas that are affordable to you, plus which amenities and features are typically included within your price range.
When should I get a home inspection?
You usually need to make an offer on a home before you’re able to get a home inspection, so this isn’t technically one of the very first steps in the process. However, it is a very important step.
A quality inspection will help you find any issues you might have missed while touring the home, like electrical or plumbing problems that could cost you a fortune in the future. If major issues are found, you could ask the seller to reduce the sale price of the home.
Depending on your contract, you may also be able to rescind your offer on the home and back out of your agreement. No matter what happens, your real estate agent will help you negotiate the process.
Where can I find a great real estate agent?
At Edge Realty, we’re committed to connecting you with a real estate agent whose experience, industry knowledge, and strengths will lend themselves best to your search for the right home.
To get started with an agent today, simply send us a message or give us a call! We’d love to help you find your dream home.