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Home Buying Tips
Buying a home can be challenging. Avoid common headaches with these insider tips.
Don’t do it alone
Whether you’re a first time buyer or moving into the home you plan to retire in, no one is better equipped to help you than a Realty.com home buying agent. Our trusted professionals are at the top of the game in their respective markets, which means they know your beloved target neighborhoods like the back of their hand.Speak To An Agent Today
Determine your budget
Before you start browsing the market, it’s time to do some investigating first. Based on the money you have set aside for a down payment, it’s essential you figure out how much you are willing to spend on monthly mortgage payments and other big variables. Our “What Can I Afford” calculator will help you determine what price range fits your budget.Check Out Our Finance Calculators
Keep other costs in mind
So you’ve finally calculated how much you can afford to spend on a home. But a home’s price isn’t the only money you need to factor into your budget. A lot of other things need to be paid and accounted for as well. This includes: closing costs (calculate them here), property tax payments, moving and renovation costs, an emergency fund in case things don’t go as planned, and any other associated fees.Check Out Our Finance Calculators
Get pre-approved for a loan
Sellers will take your offer more seriously if you’ve been already been approved for a loan. In a competitive housing market, this can be the difference between someone accepting your offer or taking someone else’s. Not sure where to start? Get in touch with one of our mortgage professionals today.Get Pre-Approved
Assess your needs
You’ve done a lot of work so far. Now it’s time to figure out what kind of house you need. Are you planning to have a family? The number of bedrooms and area school system might be a priority. Hate traffic? Location is a major factor. Consider which amenities and features are necessary for you and your family to live comfortably.Search For A Home
Search early and often
Research areas you’re interested in, browse Realty.com for new listings, consult your agent frequently, and make time in your schedule to attend open houses. The more competitive your market, the more quickly the inventory moves.Find Open Houses Nearby
Manage your expectations
Sometimes your initial desires are a bit loftier than what you can actually afford. That’s okay. Because you’re probably not going to get everything on your wishlist, it’s important to narrow down what really matters versus what’s just a perk. Is a two car garage more important than an en suite bathroom? Take some time to figure out your biggest needs and manage your expectations. You’ll be happier in the long run!Check Out Our Finance Calculators
Double (and triple) check the property
The house you love may feel perfect, but you should get to know it better before you commit. Check out the home at different times of day. A night time drive through the neighborhood could change your opinion in an instant. Check out neighboring properties. Are the neighbors taking care of their homes and keeping up with maintenance? Looking at your home from a variety of angles will give you a stronger understanding of what it’s like to live there.
Hire a home inspector
Getting a home inspection is a crucial part of the home buying process. While it may cost a little more upfront, what the home inspector finds could end up saving you thousands in the long run. Plus, if a home inspector encounters something problematic, you can use that as a bargaining tool when it’s time to negotiate.Find A Home Inspector
Make a competitive offer
Making an offer on a home is both stressful and exciting. While every buyer wants to get the best price, it’s important not to low ball too much. You don’t want to offend the seller, but you also want to make sure you’re bidding in a range you can afford. A competitive offer strikes a balance between both. Don’t wait too long, either. In some markets, houses disappear within a few days. You don’t want the home of your dreams to slip away.Speak to a Realty.com buyer’s agent today