The Basics Of Home Buying Are Simple But Many People Miss it!
The most important investment that you most likely make is probably the purchase of your own home. Finding the right home for you can be a long and complicated process. . I can assure you , you can not do it alone!
My first advice as a broker that completed hundreds of real estate transactions is that you need to know your wants and needs before venturing out there.
Knowing Your Wants And Needs:What is the process?
Before taking off with a real estate agent going house hunting, you must know what you really want. My advice is to sit down with pen and paper and make a list all the features you care most about;
- Location should be at the top of your list
- Size -- how many bedrooms and bathrooms do you need?
- Style -- Condo? Townhouse? or maybe a 2-story colonial or ranch style home?
- Schools -- Very important if you have children
- Commuting Times -- Very important to measure the distance you must travel every day.
Equally important, lets look at the 'must haves" for you and your family?
What is important to you?
Having a dog park nearby?
Living near a friend or a family member?
OK, lets look at what things you absolutely do not want in your new house. For example:
- high-traffic area is a big consideration here.
- high noise area from nearby highways or an airport.
- High Maintenance Obligations -- major repairs that you do not want to do or pay for it.
As you start working with a real estate agent, other parts are added to this list:
How is your credit?
Do you need to work on it?
Have you selected a loan officer?
A very important step to bypass disappointment.
My #1 advice to buyers is for them to realize that they will most likely not find the "perfect" home. You find a house. .and YOU MAKE IT A PERFECT HOME
How Important is to Find A Good Real Estate Agent?
A knowledgeable real estate agent will make your house-hunting much easier. A good real estate agent is not just a driver that opens doors for you. A good real estate agent is usually a good negotiator, knows the area, knows future construction zoned to enhance neighborhoods, a professional that will be able to help you with the complicated paperwork involved in making an offer on a house, surviving contingencies, competing with other offers and finally closing the deal for you.
It's important that you have a real estate agent working for your benefit as the buyer, rather than calling the listing agent that listed teh property and has one obligation at hand. ..to make you pay as much as possible for that house to please the seller. That's their job!
Do you see the conflict there?
A conflict of interest, which usually works to your disadvantage when you are doing it alone.
How much to pay for a good Real Estate Agent?
Go ahead and select the best real estate agent you can find. .they all cost the same. .$0!
The seller pays all the commissions to both brokerages.
If you hear otherwise. .run the other way!
These are just the basics of home buying. You will find many more details as soon as you have your first interview with the real estate agent you have chosen for the job.
Go ahead, make the first step, make your list and find a good real estate agent.
If you are looking to purchase in MD, DC or Virginia,
I can assure you that our professional agents are dedicated in giving you the best service you deserve. .