When you feel the need to buy a new home, it can be really daunting to start the process, assuming you even know where to start!
In this series, you’ll learn how to incorporate our strategies with your own to find a home that is the right fit for your lifestyle, your needs … AND your budget!
You’ll know what to do Every. Single. Step. of the way and avoid having that dreaded buyer’s remorse.
Here’s a weekly run-down of our “perfect home”- buying formula:
Week 1 — 12 Questions to Ask Yourself Before You Step Foot in an Open House
Before you do anything else, you must evaluate your wants and needs for a home. It’s time to brainstorm and figure out what’s “under your hood” when it comes to what is best for you and your family. This will be the very first, but most important, step on your home-buying journey. These answers will likely evolve a little over time, but the fundamentals won’t change. They will set you on the right path, and you’ll come back to them often!
Week 2— Are You a “House” or a “Location” Person?
It’s time for some more self-evaluation and to determine what’s most important to you in your daily life at home. Usually people tend to lean toward one or the other — being a “house person” or “location person.” The reason we ask this is that it’s rare for any buyer to find their dream home in their dream location within their budget. That’s why you need to figure out what’s more important to YOU and where you’re willing to compromise.
Week 3 – The 3 Steps Most Buyers Skip When Buying a Home
There’s a very specific formula I use with clients to make sure they end up with the house that best fits their needs and budget. It requires some patience to make sure things are done right. This is the biggest financial decision of your life, and it should be done slowly, steadily and with precision. This article will go over the 3 steps you need to take that can lead you to the right home for your budget.
Week 4 – How to Finance Your Home Purchase
Even if you’ve bought a home before, most buyers don’t stay up-to-date when it comes to mortgage loan options, interest rates, federal lending rules, credit scores and more. Did you know you should get pre-approved for a loan BEFORE you can start looking at homes? This article will go over why, and why it’s important to get the lender and pre-approval process done first so that you can move forward quickly if you want to make a serious offer on a home.
Week 5 – Putting It All Together
These three factors – budget, location, and your criteria for a home — are intertwined and play a key role in finding the “perfect” home for you. This article explains how these three factors influence each other in your search for a home; and how you “put it all together” is essentially your roadmap for house hunting. Going through this process and understanding how they’re linked will help you make the right decision on a home.
Week 6 – What You Need to Know About Buying for Schools
Kids or no kids, living in a neighborhood with excellent schools can be beneficial to homeowners. For those of you with school-aged kids, “moving for schools” will most likely dictate the location of your next home. But, remember that fair housing laws prevent your real estate agent from offering ANY opinions on the quality of the schools or school districts. This article is a great starting point on how you can best search for a home if a school district is your #1 priority.
Week 7 – “As Is” Home – Deal or No Deal?
Some buyers may be tempted to buy an “as is” home if the price is right to get into a neighborhood they love. You do need to tread carefully though since there can be vast differences on the state of that “as is” condition. Remember that the seller has no intention to do any repairs before selling it – and if the home has been foreclosed, it’s likely that no regular maintenance has been done in months or YEARS! This article will discuss the steps you should take if you plan to make an offer on an “as is” home, and how to determine if it’s a deal or no deal.
I'm Mike and I love helping buyers discover what's really important in their forever home, then working to find that in Chicago's
Northwest Suburbs. I also have a soft spot in my heart for teachers and love giving back to them whenever I can. Let me know how I can help you make your real estate dreams come true.
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