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?
- 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