How to Start Looking for a House
Once your budget is in place and your mortgage has been pre-approved, it’s time for the fun part — house hunting! Though it’s an exciting pursuit to find a home to call your own, it’s important you keep some best practices in mind to get the most out of shopping for a home.
Take a look at the following list of key steps to take when house shopping:
Research Home Options
Start with some preliminary research to help you find out the types of homes that are available in the area you want to live in, common home features you like, as well as the average asking price in the market. Doing this will help you better understand your options during the home buying process.
Determine Wants and Needs for Your New Home
Another way to be most efficient, realistic and organized when looking for your new home is to make a list of needs and wants. Your needs list will include things your future home absolutely must have, while your wants list should include things that would be nice to have, but you can live without or add later on. This list will be informed by the initial research you did and will be incredibly helpful when working with a realtor.
Find a Realtor
Speaking of realtors, now is the time to find a realtor that you trust to walk you through the process of shopping for and purchasing a home. Your realtor will schedule home showings, draft up purchase documents and monitor new homes in the market. Handing over that wants and needs list will help your realtor understand your expectations versus what you can actually afford. With their help, you’ll be confident about which homes you want to make an offer on.
Visit Multiple Properties
Now that your realtor knows the type of home you’re looking for and your price point, they’ll find listings that you can visit. Your realtor will walk you through the home so you can tour the property and ask questions. Shopping for a home takes time and patience. You may fall in love with the first home you visit, but keep in mind other people are placing offers just like you. Take the time to visit a number of properties so you have options in case you don’t get the first home you want.