A home purchase is perhaps one of the biggest decisions that people make in a lifetime. Buying the right house involves a lot of factors to consider, and the process might be too overwhelming for some. However, most experts in the real estate industry follow these three tips, which I hope will make things easier as you look for your desired home.

Tips on House Hunting

1. Come up with a wish list.

You probably have a few things that you want your house to have, say a front porch, a fireplace, or an extra room for your home office. Write down your must-haves in a wish list, which you can use as your ultimate basis for finding the right home. You can even use the listed home requirements to help you negotiate an offer with sellers.

2. Check the neighborhood

Living in a new home also involves being in a new community. Be sure to visit the neighborhood and assess your level of comfort in the place. Do you feel safe? Does the community offer public places that you can visit often? It might be a good idea to start talking with your future neighbors even if you’re still house hunting.

3. Take your time

You don’t need to visit a lot of houses in a day. Otherwise, you might end up feeling overwhelmed and pressured to make a decision, which could lead to a bad home purchasing experience. Besides, visiting one to two homes a day can give your mind ample space to process what you just saw, so that you can make a sound decision.

4. Set a budget

One of the worst mistakes in house hunting is to forget financials. Remember that buying a home involves a hefty price tag – and long-term loan payments – so always be mindful of your price range.

Tips on Buying A House Within One Year

1. Check your credit report.

If you have pending loan payments or past dues, you should address them as soon as possible. Taking out a home mortgage gives the lending institution the right to search through your credit history, so make sure that your credit report is clean. If not, you might incur a high mortgage rate or even get rejected for a home loan.

2. File your taxes.

Mortgage lending companies will require at least two years of tax returns before they can process your mortgage application.

3. Strengthen your financials.

Buying a residential property involves significant financial outflow, so pull out all the stops to keep your financial capacity intact. This could mean saving up for mortgage payments.

To Rent Or To Buy?

One of the biggest stumbling blocks in buying a home is not being able to see the need to do so. You may reach a point when you’re confused whether to buy a new property or to rent a home. As a real estate professional, I strongly advise that you buy a home if you have the financial capacity. Mortgage rates have been on the decline, coupled with the lower pricing in the real estate market, making it a wise and perfect time to purchase. In contrast, rental fees continue to increase. You may feel hesitant to buy this season, but you should be able to feel less tension once you have talked to a mortgage professional or a broker-real estate agent who can explain more about why buying is better than renting.

Buying a home may not be as easy as it sounds, but it doesn’t have to be daunting as well. One of the first things that you should do is hire a real estate professional, who can guide you through the process of home purchasing. I have had the privilege of helping my clients find their dream home, and I am confident that I can do the same for you.

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About Polly

“As an agent who’s an expert in Atlanta and surrounding areas, I bring a wealth of knowledge and expertise about buying and selling real estate. It’s not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you!”

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