5 Tips for Starting Your Home Search

Getting ready to find a new home is an exciting process. It’s easy to get swept up in the thrill of spending hours online looking at listings, but there are several key things you should do before you start viewing properties.

In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can be frustrating to be a first-time homebuyer if you aren’t prepared.

We’ve put together five tips that will be helpful in starting your home search:

  1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you are serious about finding your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Taking this step means that you will know what homes are within your price range, saving you a lot of time and energy once you start viewing properties.

It is also important to have a pre-approval ready because once you find the home of your dreams, you will want to act quickly.

  1. Build a Healthy Savings Account

From the down payment and inspections to the possibility of future repairs, there are many costs associated with purchasing a home. You will want to be prepared with extra savings

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  1. Know the Difference Between Your “Must-Haves” and “Want-To-Have”

Let’s say you NEED to have four bedrooms to fit your family, but you WANT to have an island in the kitchen. Which should be considered more important?

“Must-haves” are considered big-ticket items that will make or break your happiness in a home. Things like paint color, flooring, and other renovation projects can be changed later, but things that cannot be changed, like size and location, are priorities your house should meet before items on the “want” list.

  1. Research and Choose a Neighborhood You Want to Live In

Before you commit to a home based solely on the house itself, we suggest test-driving the area. Make sure that the area meets your needs for amenities, commute, school district, etc. and then spend a weekend exploring before you commit.

Like we mentioned in number two, you can change paint color inside your home, but you cannot change the location.

  1. And Lastly, Find a Realtor!

Purchasing a home is a complex transaction and it is always important to have an experienced realtor there to help guide you through the process. Not only will a realtor help you find the best home for your wants and needs, but realtors also serve as valuable experts during contract negotiations.

Becoming a homeowner is an exciting process, especially if you are well prepared for it! The real estate professionals with Robinson Team are here to help guide you every step of the way.

 

Give the Robinson Team a call. Let us assist you in selling your home, as well as finding your next one. Remember, The Robinson Team sells homes!

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Our agents write often to give you the latest insights on owning a home or property in the Chattanooga Metro Area area.

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