The typical buying process for most home buyers doesn’t start with an instant decision. It’s important to keep in mind, though, that whether you plan for it or not, it’s possible you may be ready to put in an offer on the first visit to the first home. If you’re trying to determine how you can get the home you’re looking for the first time around, here are a few things to be aware of when going in.
Are there necessary maintenance needs?
If you’re planning on putting in an offer right away, it’s important to take a look around at any maintenance issues that jump out. You may not catch all of the things that might be in need of fixing (and after all, that’s what your home inspection is for), but watch out for things like peeling paint, windows drafts and small repairs or needs that haven’t been addressed or have been only partially completed. This will give you a sense of what the overall home maintenance is like and may be a good sign of whether the home is a wise investment.
Is the home within your budget?
Most people are certain of what they’re willing to spend before they begin seeing homes, but it’s amazing how quickly the budget can change when walking into a beautiful home for the first time. It’s important, however, to keep in mind what kind of offer you want to put down and not stray too far from it. This will ensure that you pay a reasonable price for your home and won’t be stretching your monthly budget. It’s just important to be ready to negotiate! This is where an experienced real estate agent can really help. You absolutely want a new home that you’ll love, but it’s always a mistake to overextend your finances to get it.
What Do You Really Want?
It’s easy to get swept away by the excitement of investing in a home, but if you’re planning to buy you’ll need to know exactly what you’re looking for so you can avoid buyer’s remorse. Instead of making a split decision, write down a list of the things that you absolutely must have and the things you can do without. If you find a great place, you might be willing to let go of them in the moment, but review the list before making an offer to ensure it’s the right choice and please reach out to one of our Mason-McDuffie Mortgage professionals for any questions you may have.