Purchasing a home is probably the largest financial decision you will ever make. Whether you are a first time home buyer or you are moving on to a different home that better meets your needs, you must make this decision carefully.
Before you start the home buying process it is best to clearly define and understand why you want to buy. Are you tired of paying rent? Have you outgrown your current home? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you chose the right home.
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Creating A New Home Wish List
Before the home search begins, Your REALTOR will want to know as much as possible about the features and amenities you desire. To help your agent better serve you, divide your preferences into "negotiable" and "non-negotiable." This will allow some flexibility during the search, especially as your agent scouts for homes on your behalf. Here are some details to consider; type and style of home, age of property, type of foundation, minimum home and lot square footage, location, garage, number of bedrooms, bathrooms, standard features, how much renovation will you be willing to do. The finer the details on your wish list, the more effective your home search will be.
Where you buy not only affects the home's current and future value, but it also affects your lifestyle. Your agent will be able to conduct a more targeted home search if you outline your preferences in neighborhoods and nearby amenities. Items that should be considered and communicated to your agent include; location, commute time, school districts, desirable neighborhoods, proximity to amenities, parks and length of time you plan to live in your home.
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Considering New Home Construction
Whether to buy an existing home or have one built is yet another decision to make during the home-buying process. If you decide to go with new construction, a real estate agent can be a powerful advocate in your corner as you negotiate upgrades, a move-in date and other terms with the home builder. Things to consider in this area are selecting a builder, using your real estate agent to work directly with the builder representative, and understanding the timing of new home construction.
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