Every person buying a home is looking for one that meets their budget but also is that perfect, special home in their dreams. With these tips, you can have your dream home and get the most out of your money!
The first tip is to research your potential new neighborhood. The perfect home can be ruined by a neighborhood you end up hating. It is important to check out the neighborhood at various times throughout the day to make sure you like what is going on with your neighbors and your neighborhood. It is also important to know how far away your new neighborhood would be from work, the nearest mall, grocery store and anything else you know you’ll need to visit on a regular basis. If you love the home, but you end up having to do a 2 hour commute to work every day and are unhappy, is the home really worth it?
The second tip is how to bid on your home properly. You need to make sure that your bid is something that you can afford and most importantly, what you really think your potential home is worth. It is important to know the market and what homes similar to yours are being sold for. Knowing this information will help you from making a bid too high or too low. Having an agent that is able to negotiate well and work with you during the bidding process is also a key component.
The third tip is to thoroughly inspect your house. If you want to save potentially thousands of dollars in the future, it could be vital to hire a home inspector to tell you what is really going on with your house. Even the houses that look flawless, have hidden problems. If there are a few problems, you can use this as a leverage to knock some $$ off the price.
The fourth tip is to realize bigger does NOT mean better. Most people looking for homes are in awe of the big homes on the market. However, when the time comes to re-sell your home, having the biggest house means you have a much more limited buyer crowd. Buying a home that offers everything you need, at a more affordable price and a little bit less square feet, will significantly help the appreciation on your home.
The fifth tip is to keep your money right where it is! Don’t make any BIG purchases or move money from account to account before buying your home. This could potentially change your credit profile and you do not want to take any chances when you are about to purchase your dream home! It will be difficult to be approved for a loan if you are opening new credit cards, have too much debt or have hefty purchases on your card. Show banks that you are reliable by waiting on the big stuff!
Follow these tips to make buying your home hassle free and exciting! Reach out to any of Pearson Realty Group’s real estate agents for more specific tips for your personal, home buying criteria.
Thanks for these tips for buying a new home. I’m glad that you posted how important it is for me to thoroughly inspect my home. It seems that I should realize how finding any hidden problems on a house I want to buy could potentially help me save money. Hiring a home inspector to check for any problems with a house I want to buy would be a good idea before making a final purchase.
Thanks for explaining some steps to follow towards a smooth home transaction. I like your tip to thoroughly research your new neighborhood. It seems like it is important to realize that you are buying neighbors and a neighborhood when you purchase a home. I would think that it is a good idea to make sure you will like the area, local school system, etc. My husband and I have been looking to purchase a home, so we will have to start looking for neighborhoods we might want to end up in.
These are some great tips, and I appreciate your advice to research your potential neighborhood. My husband and I are going to be moving out of our apartment at the end of this fall, and we want to move into our first house. We’ll definitely make sure to do plenty of research not only about the house, but about the surrounding neighborhood. Thanks for the great post!
Excellent wealth of information in here… looks like some things I would love to share about this post with the majority of my clients. Well written and extremely informative!
I really like your tips on how to bid on a home properly! I think it is really important to make sure that you can actually afford what you bidding. My husband and I are currently shopping for some real estate and are working on closing a deal with a seller. We are really excited to move into a new home and start a new family! Thanks for the tips!
My husband and I are planning on having a big family, so we want to find a house that can hold all of us. Your tip about researching your potential new neighborhood is really helpful. I want to make sure my our family is safe and our kids can play in our yard without any issues. So looking for a great neighborhood first will help us find the right house.
I really like your advice to do some research on the potential new neighborhood. It is so important to know thing like the crime rate and the school system around, especially if you have children. Do you have any other tips about buying a home? My wife and I are thinking about buying a house soon, but we haven’t made a decision yet.
Hi Johnny – Yes, crime rates are also a very important factor when choosing a neighborhood. Tax rates are huge factors that affect our buyers neighborhood choices in the Chicagoland area too!
I like that you mentioned that bigger does not always mean better. Obviously you want a home to meet your needs, but you should keep an eye on square feet. We bought a small house when we my wife and I were just starting a family. After a few kids we decided we needed more space and looked to sell. We were amazed at how much that small home appreciated.
Thanks for the home buying tips. I like how you talked about not thinking only about how big the home is. Bigger is definitely not always better, in the home market.
I agree that making sure to inspect your new house thoroughly could save a lot of money down the road. I would want to make sure my new house is in great conditions so I don’t have to pay for repairs that could have need taken cared of before I bought it. I will make sure to keep this in mind and take my time inspecting any house I plan to buy.
I really like your fourth tip about realizing that bigger does not mean better when it comes to buying a home! My husband and I are going to be buying our first home in the next few months so we will have to keep these tips in mind. We are really excited to start looking at some house listings! Thanks for the tips!
I agree that it is a good idea to thoroughly inspect the house you want to buy. It makes sense that this can help you have a better feel for it and make sure you like everything about it. I can see that consulting with a professional about this can help you make sure you stay within budget and find a safe place to live.
That’s a great tip you gave about checking out the neighborhood at various times throughout the day to see what it’s like. I’ve heard that the schools in the neighborhood and the scores they get on standardized tests can impact the future value of your home. I’m going to be sure to remember this great information so that I can be sure that my wife and I have the smoothest time as possible choosing and buying our new home.
Thanks for the home buying tips. I agree that finding a home is only half the battle, and finding a neighborhood is just as important. When we move this summer, I want my kids to have friends in the area.
I liked your tip about hiring a home inspector to look over a house before deciding to buy as a good way to save yourself money in the long run. It would make sense to me to coordinate with the seller to make sure that they were alright letting you use your own inspector for this process. I would imagine that a good real estate agent could probably help you find homes that have already been inspected by someone they trust as well.
I like your tip to research the neighborhood and to find out where the nearest stores are and so forth. I rely heavily on public transportation, especially buses. It’d be important to find a home near a bus stop for me.