Jena Khabazeh's Blog
If you want to buy a house, it helps to plan ahead as much as possible. That way, you can increase the likelihood of a fast, seamless homebuying journey.
Now, let's take a look at three tips to help you prepare to enter the housing market, and ultimately, ensure that you can enjoy a speedy homebuying experience.
1. Focus on Specific Cities and Towns
Consider what you want to find in your dream house. Then, you can fine-tune your dream home criteria and narrow your house search.
For example, if you prefer small town living to life in the big city, you may want to search for houses in various towns in your state of choice. Or, if you want to buy a house near your office in the city, you can browse residences in or near the city itself.
Differentiating your dream home must-haves and wants can make a world of difference too. Because if you know exactly what you want to find in your ideal residence, you can streamline your house search and accelerate the homebuying journey.
2. Get Pre-Approved for a Mortgage
The process of filling out a mortgage application and getting approval from a bank or credit union can be long and arduous. And if you submit an offer a house without financing in hand, you may face a time crunch to get a mortgage as well.
When it comes to home financing, it pays to be proactive. If you start searching for a mortgage today, you may be able to save time down the line.
For instance, if you meet with a bank or credit union, you can learn about a variety of mortgage options. Next, you can select a mortgage that matches your needs, and this mortgage will allow you to enter the housing market with a budget. With this budget at your disposal, you can narrow your search to houses that fall within your price range.
3. Employ a Real Estate Agent
Let's face it – few homebuyers have the necessary time and resources to conduct a comprehensive home search. Luckily, real estate agents are available to help you discover your dream house in no time at all.
A real estate agent will learn about your homebuying goals and find out what you want from your dream house. With this information, a real estate agent can provide you with details about houses that fulfill your criteria.
Furthermore, a real estate agent is a housing market expert who will do everything possible to help you buy a high-quality residence. He or she will teach you about the housing market and provide extensive insights into real estate patterns and trends. Also, a real estate agent is happy to respond to your homebuying concerns and questions at any time.
For those who want to buy a house, there is no need to wait to enter the housing market. Instead, use the aforementioned tips, and you can reap the benefits of a quick, stress-free homebuying experience.
Before you launch a home search, it helps to prepare for the property buying journey as much as possible. Fortunately, there are many things you can do to get ready to find your dream house.
Now, let's take a look at three tips to help you prep for a home search.
1. Establish Homebuying Criteria
If you know you want to buy a home, it generally is a good idea to define your ideal residence as well. That way, you can streamline your house search.
Consider where you want to reside. For example, if you work in the city, you may want to focus on houses in or near the city itself. On the other hand, if you plan to return to school, you may want to search for a home near top colleges and universities.
Think about what features you want in your ideal home, too. If you have always wanted to own a home that boasts a luxurious outdoor swimming pool, for instance, you can map out your home search accordingly. Or, if you want to purchase a residence that features a state-of-the-art kitchen, you can search for a home that offers this amenity.
2. Get Pre-Approved for a Mortgage
A mortgage typically is a must-have, regardless of where and when you search for a home. And if you enter the housing market with a mortgage at your disposal, you will know precisely how much you can spend on a residence.
Getting pre-approved for a mortgage can be simple. If you meet with banks and credit unions in your area, you can review your options and select a mortgage that complements your finances.
If you have concerns about home financing, don't hesitate to ask questions. Banks and credit unions employ courteous, diligent mortgage specialists who can respond to your home financing queries. As such, you can work with these specialists to gain the home financing insights you need to make the best-possible mortgage decision.
3. Hire a Real Estate Agent
As you get set to conduct a home search, there is no need to work alone. If you hire a real estate agent, you can collaborate with a homebuying expert who can take the guesswork out of finding and purchasing a house.
A real estate agent is happy to provide guidance throughout the homebuying journey. He or she can offer tips and recommendations to ensure you can find a terrific home at a price that matches your budget. Plus, a real estate agent will simplify the process of setting up home showings. Perhaps best of all, if you are uncertain about whether to submit an offer to purchase a home, a real estate agent is ready to provide insights to help you analyze all of your options.
Dedicate time and resources to prepare for the homebuying journey. By doing so, you can enter the housing market with the insights you need to succeed.
HOA living is not for everyone. However, for those who like the extra structure, you can find plenty of deed-restricted properties. Before you buy a home in a community with a homeowner's association, you should not only check out the rules, but you should also try to talk with some of the people who live in the community — and not those who are on the board. You should also speak with the board to determine if you are required to be on the board. In some cases, it is optional, but you won’t get a vote on what the association decides.
Often, HOA communities are gated. Sometimes, they even have security guards. Though you'll still find some crime in gated communities, it is less. Additionally, homes are often close together, which affords your neighbors the ability to keep an eye on your property when you are not home.
Because the houses are nearly the same, the yards are about the same size and the homeowner’s association ensures that everyone keeps their yards cleaned and maintained, a neighbor cannot bring the value of your property down. If a neighbor does trash the yard or refuses to take care of the property, the homeowner’s association often does it, then charges the homeowner.
Rules & Regulations
Everyone who lives in the HOA community must abide by the homeowner’s association’s rules and regulations. The regulations are voted on by the members and are meant to keep the peace between neighbors. For example, the HOA might have a rule that you can’t make a lot of noise after 8:00 p.m. on weeknights and 11:00 p.m. on Fridays and Saturdays. It might have a rule that you can only paint your house certain colors. It could even have regulations for pets, whether pets are allowed, and if so, what type, size and how many.
Some gated communities with homeowner’s associations have certain places to take pets, which means that you have less chance of someone else’s pet messing on your lawn. Urine from pets could leave brown spots on your lawn, which ends up costing you money to fix. The pet areas are supposed to prevent this from happening — and prevent you from stepping in a mess that someone did not clean up.
Gated communities often have amenities such as pools, tennis courts, a game room, golf course and other amenities. The cost for these amenities is usually included in the homeowner’s association fees you pay monthly. The on-site amenities mean that they are clean and are probably within walking distance. You also do not need to join a club or pay exorbitant fees for entertainment.
For a first-time homebuyer, it is important to realize that a home seller's acceptance of your initial offer provides no guarantees. In fact, a homebuyer will still need to complete a home inspection before a home sale is finalized.
A home inspection is a valuable opportunity to learn about any potential issues with a house. After the inspection is finished, a homebuyer has the opportunity to submit a counter-proposal, rescind a proposal or keep his or her current offer intact.
Ultimately, hiring the right home inspector can make a world of difference for a homebuyer. With an expert home inspector at your side, a homebuyer can gain insights into a house's pros and cons and determine whether a house is a viable long-term investment.
So what does it take to employ the right home inspector? Here are three tips to help a first-time homebuyer do just that.
1. Conduct an Extensive Search
Search far and wide for a home inspector – you'll be glad you did. If you allocate the necessary time and resources to locate a skilled home inspector in your area, you can boost your chances of identifying potential home problems before you complete a home purchase.
A first-time homebuyer can begin a search for an expert home inspector online. A simple web search is sure to provide plenty of results, and a homebuyer then can perform an in-depth review of local home inspectors' credentials.
Furthermore, don't hesitate to ask family members and friends for assistance. If a loved one recently sold a house and had a great experience with a home inspector, it may be worthwhile to hire this same professional to perform your home inspection.
2. Look at a Home Inspector's Background
How many years of industry experience does a home inspector have? What are past clients saying about a home inspector? And how does a home inspector approach each job? These are some of the questions that a first-time homebuyer should consider as he or she assesses a home inspector's background.
In addition, a homebuyer can always reach out to a home inspector directly to learn more about this professional's experience. A face-to-face or phone conversation with a home inspector may require only a few minutes to complete and can help a homebuyer make an informed decision.
3. Consult with a Real Estate Agent
A real estate agent can help you discover your dream house as well as put you in touch with the top home inspectors in your area. As a result, this housing market professional will ensure you can purchase a first-rate house that matches or exceeds your expectations.
If you're uncertain about whether to hire a particular home inspector, it never hurts to consult with a real estate agent. By doing so, you can gain honest, unbiased tips to determine whether a home inspector is the right person to evaluate your residence.
Employ the best home inspector prior to completing your home purchase – use these tips, and a first-time homebuyer should have no trouble hiring a superior home inspector.
A buyer's market typically is a dream come true for those who want to find a high-quality and affordable house. In fact, there are many things you can do to capitalize on a buyer's market to ensure you can purchase a house that you'll be able to enjoy for years to come.
Now, let's take a look at three tips to help you get the most out of a buyer's market.
1. Narrow Your Home Search
Consider where you want to live and what you want to find in your dream home – you'll be glad you did. If you hone your house search, you can avoid wasting time and resources on homes that fail to meet your expectations.
As you evaluate potential home destinations, think about your day-to-day activities. For example, if you work in the city, you may want to search for houses that are in or near the city itself. On the other hand, if you have kids, you may want to explore residences near parks and other family-friendly attractions.
In addition, it often helps to make a list of home must-haves. Once you know what features you want in your dream home, you can conduct an in-depth search to discover a house that will suit you perfectly.
2. Get a Mortgage
A mortgage is crucial, particularly for individuals who want to take advantage of a buyer's market. Because if you enter the real estate market with a mortgage in hand, you can map out your home search based on your budget.
Getting pre-approved for a mortgage generally won't take long. Banks and credit unions are happy to teach you everything you need to know about home financing and help you select the right mortgage. Furthermore, these financial institutions employ mortgage specialists who can respond to your home financing concerns and queries.
3. Collaborate with a Real Estate Agent
If you want to streamline your search for a home in a buyer's market, you should work with an expert real estate agent. That way, you can receive homebuying tips and recommendations you may struggle to receive elsewhere.
A real estate agent understands what it takes to complete a successful house search in a buyer's market. As such, he or she will work with you to make your homeownership dream come true.
For instance, if you want to purchase a top-notch house as quickly as possible, a real estate agent can help you do just that. Or, if you want to buy a house at a low price, a real estate agent can help you discover a terrific residence that matches your pricing expectations.
As you get set to enter a buyer's market, it helps to prepare as much as you can. Thanks to the aforementioned tips, you can simplify your home pursuit in a buyer's market. As a result, you can find a wonderful residence that is sure to serve you well both now and in the future.