The First 3 Things To Do When Starting Your Home Search

1. Meet With An Agent

A home is a major investment and for some, the most expensive purchase we will ever make. Your realtor can advise a loan professional that they know, like, and trust. This is important so you can help see the numbers clearly, develop a budget, talk down payment, and plan accordingly. Pick a realistic number and stick to it so your real estate agent can show you homes that fit within your budget. The best way to avoid heartbreak over being declined for a home is to get pre-approved once you have determined your budget. You don’t want to find the home of your dreams and not be able to write an offer because you weren’t pre-approved. This is the absolute first step when beginning your home search.

2. Determine Wants Vs. Needs

If you have been thinking about buying a home, you have probably come up with a wish list for your dream home. How do you determine needs vs wants? There are a lot of variables to consider, budget, location, bedrooms, bathrooms. How do you know if it’s the right home for you? The first step is to come up with the features of a home that you would like. Next, get on the same page as your spouse/ partner if needed. Once you gain an idea of features you want in a home, start to organize them:

  • Must Haves: Distance from work, size, bedrooms. If a home doesn’t have these items, save your time and consider other homes that are a better fit.
  • Should Haves: Open kitchen, garage, already fixed up. Do you NEED these features? If a home has the must-haves and meets some of the should haves, this is a great contender.
  • Wish List: If you find a home, in the budget, with the Must Haves, some Should Haves, and ANY of these, we might have the winner!

3. Get Out There And Go Shopping!

Once you are pre-approved and have narrowed down your wish list, you are ready to search for homes! Happy Hunting!

I would love to talk with you more about what you’ve read here and helped you create a path towards home ownership. If you’re interested, visit our contact us page and leave us a message! 

Thanks for reading! – Nikki Owen, Denver’s Premier Realtor

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