Making the decision to buy a new home is very exciting, but it is also imperative to research all of your options before you commit to making a purchase. Not only will doing some research make you feel more informed from the onset, but it can also help you prevent having buyer's remorse in the future. Everything from the neighborhood you are looking at to the real estate sales professional who you choose to work with should be researched in advance in order to ensure that you make the best possible home purchase decision.
Selecting a Real Estate Sales Professional
The real estate sales professional who you choose to work with will have a big impact on the home that you eventually purchase. Because of this, it is important to take the time to select an sales professional who you feel comfortable with rather than simply settling for the first sales professional who crosses your path. A dedicated real estate sales professional will ask you several questions to get a good idea of what you are looking for, and they will help you avoid wasting your time by not suggesting that you look at homes that are way out of your price range or located in an area that you are firmly against living in.
In order to find the right sales professional, you should ask your friends, co-workers and family members for suggestions. Once you have a list of recommendations compiled, take the time to speak to each of the sales professionals who interests you so that you can feel confident in your final selection.
Selecting the Right Neighborhood
Now that you have a quality real estate sales professional on your side, you will need to narrow down your available housing choices. Selecting the right neighborhood is very important for your overall happiness, so you should definitely research the areas that you are considering. While it is a good idea to take a look at crime statistics, keep in mind that everywhere in the world has crime.
Neighborhood demographics can play a key role in your purchasing decision, but keep in mind that they can and will change over time. For example, you might be drawn to a specific neighborhood because most of the people living there have children that are near your child's age. While this is a great built-in source of friends for your child, do not count on all of these families staying in the neighborhood indefinitely.
The most important aspect of selecting the right neighborhood is to find one that is located near the things that are most important to you. In other words, if you spend all of your free time wandering through nature, then you will want to select a neighborhood that is close to a nature reserve or large park. You should also consider your daily commute before you make any offers.
Finding the Right Price
Your real estate sales professional will have access to sales figures for the neighborhood that you are interested in. The two of you can compare these figures to the cost of the home that you are interested in. If there is a big price difference, then you should consider what variables might be involved in the seller's asking price. If you are unable to justify the price difference and they are unwilling to settle for a lower offer, then you should continue looking. After all, there are hundreds of homes on the market, and it makes no sense to overpay for one.
Consider the Hidden Fees
Some people love the idea of buying a home in the country because of the remote location and the lower home prices. This can become an issue, however, when a buyer does not factor in the cost of things such as propane heat. If the house has well water, then you will also probably need to factor in the cost of purchasing bottled water on a regular basis.
Making the Offer
Once you have factored everything in and found the right house, your real estate sales professional will help you put together a competitive offer. Do not be surprised if the seller provides a counter offer, and make sure that you do not get wrapped up in the excitement and agree to a price that is outside of your budget.