Having a plan before starting your home search will make things easier and more enjoyable in finding the best home for you.
1. Know yourself
Understand the type of home that best fits your personality. Do you prefer a new or existing home? A ranch or a two story home? If you want a fixer-upper, are you handy, or will you need to budget for contractors?
2. Research before you look
List the features you most want in a home and identify which are necessities and which are extras. Identify three to four neighborhoods you’d like to live in based on commute time, schools, recreation, crime and price. Then log onto http://Indymetrohomes4sale.net to get a feel for the homes available in your price range in your favorite neighborhoods. Use the results to prioritize your wants and needs so you can add in and weed out properties from the inventory you’d like to view.
3. Get your finances in order
Generally, lenders say you can afford a home priced two to three times your gross income. Create a budget so you know how much you’re comfortable spending each month on housing. Don’t wait until you’ve found a home and made an offer before investigating financing. Most offers will not even be considered without pre-approval from a reputable lender.
4. Set a moving timeline.
Do you have blemishes on your credit that will take time to clear up? If you already own, have you sold your current home? If not, you’ll need to factor in the time needed to sell. If you rent, when is your lease up? Do you expect interest rates to jump anytime soon? All these factors will affect your buying, closing, and moving timelines.
5. Future Plans.
What are your future plans? Are you thinking of a starter home with plans to move up in 3 to 5 years, or do you want to stay in the home for five to 10 years?
6. Work with a REALTOR
Ask people you know and trust to recommend a real estate professional if you don’t know someone already. Make sure the agent knows and understands what is important to you and your lifestyle. Don’t be afraid to ask questions. You want an agent who is knowledgeable of the current market conditons in the area you want to live. Market conditions vary from neighborhood to neighborhood. Is your agent a fulltime REALTOR? A REALTOR is someone who is a member of the Board of Realtors and being fulltime means its not a hobby for them. They train and educate themselves in knowing the markets and in finding you the home thats right for YOU!
7. Be Real and Open Minded
Its alright to be picky about the home you intend to buy, but don’t be close-minded or mis led by minor issues or imperfections.
If you see a home that “knocks your socks off” on the inside, don’t forget about other issues like where its located, is it in a quiet area, or some other factor that will impact your quality of life.