As exciting as the prospect of buying your first house is, the actual search process can be exhausting and complicated. However, being properly prepared prior to browsing real estate listings will help to make your house hunting experience more successful. There are many details to consider and several steps you should take before going to look at a single property.
3 Tasks to Do Before Starting the House Hunting Process
1. Get Your Finances in Order
Going house hunting before having your finances in order is one of the biggest mistakes you can make. You will have no idea how much home you can afford and what price range to search in if you haven’t created a budget, saved for a down payment, or gotten pre-approved for a mortgage. Additionally, you must know your credit score to prevent getting denied for a loan. If there are errors on your credit report or your score is too low to qualify, you will need time to fix these problems before submitting an application to a lender.
2. Make a List of Must-Haves & Wants
Before scheduling showings or attending open houses, it’s helpful to make a list of the features you must have in a home and those that would be nice to have but aren’t non-negotiable. It’s likely you will be viewing a number of houses for sale, and knowing what you are and aren’t willing to compromise on will make it easier to narrow down your choices. This will also save time when house hunting so you aren’t going to several properties that don’t meet your needs.
3. Hire an Experienced REALTOR®
Most buyers benefit greatly from hiring a realtor to help with their home search. An experienced real estate professional will have knowledge of the local market and be able to match you more quickly with listings that meet your criteria. They will also advise you on making and negotiating an offer. In many cases, they can spot potential issues with a property that you would miss as a first-time buyer, which may end up saving you quite a bit of money and headaches.
Following these tips will make shopping for your first home more enjoyable. If you’re looking to find your dream house in the greater Seattle, WA, area, Nancy Olmos – Realtor – John L Scott HWP, Bellevue will provide valuable guidance throughout the buying process. She has assisted numerous first-time buyers in achieving their goal of homeownership. From house hunting to closing, she will look out for your interests and help you arrive at the best investment decision possible. For questions, call (206) 235-1332, or visit her website to search current listings.