Buying your first home is contemplated to be one of the biggest achievements in life as well as investments. It’s a big responsibility, and there’s a high chance this will be the largest purchase you’ve made to date. Let me list down a few tips to follow when making your first property purchase.
- Hire a real estate agent
Save the hassle of going through online websites looking for properties when you can hire a real estate agent to send you direct listings that would fit your budget and parameter. An experienced agent can generally spot a hitch in pricing and advise you accordingly so you don’t overspend. Agents will also organize viewings of multiple properties within the day and save you a lot of time.
- Find the perfect home to buy
Purchasing your new home would be one of the biggest monetary decisions you make in life. Once you’ve found an agent to take you across couple of listings and you’ve viewed a few properties, one would have to come to a decision depending on the urgency of buying. The ideal time span would be 4-8 weeks to make a purchase.
- Negotiate the offer
Sellers have the right to ask for any price they like on their listing. If you do have the right agent he/she would make sure they negotiate the best offer for the property of your interest to fit into your financial budget.
- Stalk your neighborhood
Drop by your property in the morning noon and night. Drive past the house/condominium at all hours of the day to see the convenience and visibility of the neighborhood. Find out how far it is to the nearest grocery store and other services. Even if you don’t have kids, research the schools because it affects the value of your home when you need to sell it before upgrading.
- Get moving!!!
Once you’ve made a decision with the help of your agent and negotiated the best offer that fits into your budget it’s time you pack up, book your movers and proceed towards living in your new venture.