Buyer’s guide to buying a home: 5 keys

Wouldn’t it be nice if qualified prospective homebuyers had clear, cookbook-like guidance so they could proceed, effectively and efficiently, on a regular basis and therefore do their best? possible decisions. Since, for most people, their home is their single largest financial asset, as well as a source of pride and comfort, but unfortunately many find the home buying experience to be an extremely stressful period of time . With that in mind, this article will attempt to examine and briefly consider 5 keys to making the home buying experience better and more successful.

1. Know the market/competition, etc: One of the important reasons I recommend that buyers hire a professional and qualified real estate agent as their buyer’s agent is the guidance and assistance that this person will be able to provide. When a buyer starts out with a realistic perception and understanding of the local market, he has a better idea of ​​what is available and how his needs and finances fit into that scenario. Is it a seller’s or buyer’s market, or neutral? Knowing this helps you understand the best trading strategy, etc.

two. Be realistic: When you are ready, willing and able to realistically consider the possibilities and the market, you start with a realistic concept and idea of ​​what you could afford, need and prioritize! This reduces stress levels, because there are fewer unfulfilled expectations, and running around, considering houses, which may be unaffordable, etc. When a buyer focuses on his needs and priorities, and analyzes realistic possibilities, the process is constantly simplified, etc.

3. Structuring an offer – How to differentiate yourself? You’ve been through the process and you’ve probably seen a lot of houses that don’t interest you. Finally, you think you have found the right house for you. What is the best way to secure it, if it is? In a buyer’s market, this is often less challenging than in a seller’s! So if you fall into the latter type, it’s a good idea to consider how best to structure your offer in a way that sets you apart from other buyers and makes you more attractive to the seller. your home, to you. Have you taken the time and structured yourself in such a way that you have a better than average down payment, as well as being pre-approved (not just qualified) for your mortgage?

Four. Points of negotiation, versus agreement – deciding factors: Smart buyers recognize the difference between effectively negotiating and what constitutes a deal: what breaks! One must know what one’s desires are, versus essential goals and priorities! Use the services of a professional and respected home inspector and know which items are most important.

5. Negotiating Offers: Priorities and Approaches: When you start with a professionally designed competitive market analysis (CMA), you will better recognize the difference between the listed price and what might be a realistic offer. Everyone wants to get their deal, at the best possible price, but what it could be and represent often depends on the local real estate market.

Hiring the right agent for you and your needs, who understands your needs, goals, and priorities, and who will direct you appropriately, as a buyer’s agent, is the first step a buyer should take. Then you must listen to the person you have hired, consider these 5 keys and proceed accordingly.