Buying a home in spring is the ideal plan for most prospective home owners. The weather is just starting to get warm and everything looks optimistic. On the real estate front, many sellers put their homes on the market at this time so your chances of finding your dream home are better than ever. However, the good prospects also mean others buyers will be out in search of homes too. For this reason, successfully buying a home in spring centers on one thing – planning.
Hire a local real estate agent
If you’re going to beat other buyers and nab the home of your dreams, you will need to seek help from someone who understands the local terrain well. A local real estate agent will help with that. They will know who is selling and who plans to list their home even before the sign is up on their front yard. An agent will therefore give you serious headway. They will also tip you on prices and the real estate trend in the area.
Know what you want
To avoid getting outbid, know what kind of property you want. Only show interest in houses that suit your needs and concentrate on them. If you get a house that you really like, jump on it and make an offer. While you’re at it, maintain a good rapport with the seller. Remember that even first impressions count highly for home sellers.
Get your financing ready
One of the strongest determinants in closing a home purchase deal is affording it. If you don’t have your financing ready, sellers might not take you seriously. Talk to a lender and find out what you can afford. Your goal should be pre-approval even before you start prospecting. If you make a bid and inform your seller that you are pre-approved for a mortgage, they will rank you higher up their ‘buyer list’.
Be prepared for the sale when your OFFER IS accepted
Lastly, be prepared to buy the house. Don’t concentrate too much on finding your dream home that you forget the conveyancing process. Shop around for a home inspector and have them on standby. Do the same for a conveyancer or lawyer. If you start scrambling around last minute, you will be giving other well-prepared buyers an opportunity to outbid you. Be ready to kickstart the buying process as soon as the seller gives you a nod.