5 Tips for Buying a Home

Dated: March 18 2017

Views: 16

Looking to buy a home? Here are five essential tips for making the process as smooth as possible.

Get your finances in order.

Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.

Find a house you can afford.

As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.

Hire a professional.

While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.

Do your homework.

Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.

Think long term.

Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.

Blog author image

Team ROLO .

We understand that buying or selling a home is more than just a transaction: it's a life-changing experience. That's why our team of highly-seasoned real estate professionals are dedicated to providi....

Latest Blog Posts

Super Cute Townhome SOLD!

Another Team ROLO Sale! Our Mission Statement: Quality AlwaysWe don't measure success through achievements or awards, but through the satisfaction of our clients.It's that simple. Team

Read More

Team ROLO - More Happy Clients

4 Under ContractTeam ROLO does it again!More happy clients.We believe in serving our community no matter the current social climate.We offer Quality Alway.Even during this COVID pandemic, Team ROLO

Read More

Marietta GA Lake Home SOLD!

Another Lake Home SOLD! When moving from out of state, best to trust a local expert that will make this delicate moving process as stress free and smooth as possible. That is exactly what

Read More

1 Day Under Contract

Townhome Under Contract in 1 Day!Multiple offers over asking price!Team ROLO made sure to help our clients navigate these delicate multiple offer waters.Best thing for this seller was to choose the

Read More