Purchasing a new home takes forethought and planning and a degree of self-searching. Over planning can be just as bad. These 10 questions may provide some guidance as you navigate your new home purchasing adventure.
1. Why buy and why now? Nationally, people move every five to eight years, some more than others, but your starting point needs to begin with WHY. Is it a job relocation, upgrade, or downsizing, or perhaps due to a divorce or death of a spouse?
2 Are you working with a lender? Once you answered the WHY now you can begin to address how you will finance the move. Talking with a lender gets you pre-approved and now you know the thresh hold of your purchasing power.
3. How many homes have you looked at already? Whether you are out on your own looking or working with a realtor, finding the perfect home may take a little investment of time. Weighing your options is important.
4. How do you prefer to be contacted? Choose the means of communication you are most comfortable with and understand. Not everyone is computer smart or has the latest cell phone.
5. What would you do if you found the perfect home tomorrow? Homes are being sold in a record time due to high demand and limited inventory. Be ready to act on a listing or be prepared to enter a bidding war with other buyers.
6. What are your three favorite neighborhoods? Finding the perfect house in the perfect neighborhood with the perfect schools is not always possible. Do you have another area that you would consider buying into?
7.What is your favorite room in the house? For some it may be the bedroom, kitchen, or the outdoor space. Which every it is for you could be the selling point to sway your purchase decision.
8. How important is the outdoor/garage area? Finding a home for your gardening equipment or woodworking tools may be just as important as the size of your kitchen. If these spaces are important to you, they will be items you want to seriously consider in your house search.
9. How long do you think you will live in the house? Is this your "forever home" or will you be moving again in five or eight years. Remember, buying a home is first an emotional decision than a logical one.
10. What is a deal breaker? What element of the home or the transaction would cause you to break the deal? Discussing that point or points with your realtor will help guide them in their search for your perfect home.
Working through these 10 questions will certainly help in guiding your efforts to find that perfect house.
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