Buying a home may be one of the most expensive purchases you will ever make. Whether this home is used as a primary residence, investment or vacation retreat, you must have a systemized approach to the home buying process. Failure to do so could result in the loss of thousands of dollars, or worse, a very stressful and unpleasant experience.
Real estate markets are forever changing for homebuyers. So, what steps should you take to prepare for the market we are in right now?
- Choose your desired location. Are you buying because of the local activities? Do you want to be in a specific school district? Is ease of shopping important? Your real estate professional will work to find you the home you desire in a location you want.
- Make a list of your most sought after amenities. Is a pool and hot tub in your complex a top demand? Do you want to be in a golf course community? How important is a gated community? Does the home face a preferred direction? Is a garage a non-negotiable for you? What you buy today will be what you enjoy for years to come. Make sure to think through the things you want.
- Get prequalified before you start looking. How much can you afford? Talk to a qualified lender and work to obtain pre-approval. This puts you in a stronger negotiating position for when you finally find your preferred home. It also makes the home buying experience realistic with fewer surprises.
- Hire a Real Estate Professional. This might seem obvious, but with so many websites that allow people to do it themselves, people often think they do not need an agent. Professional agents, however, are able to streamline the searching process, preview any home that meets your list of wants and needs, and works to always have your best interest in mind. Buying a house can be lengthy, complicated, and overwhelming. Let somebody else deal with the process for you. In the end, it will be much simpler and the process will be much more enjoyable.
- Hire a Licensed Home Inspector. Home inspectors are skilled and trained to look and test for most major defects that could cost you hundreds or even thousands of dollars down the line. What looks perfect on the outside might not be underneath. You want to make sure you do not end up owning a home that becomes a money pit and stressor for you and your family.
Team Peterson will see to it that your interests and priorities when buying your California Desert Living home will be of utmost importance.