The first step in buying a home is to determine a list of your wants and needs. The need category should include any features that are absolute requirements. For example, a family of four will likely need either a three-bedroom home or a four-bedroom home, depending on whether the children are of appropriate ages and genders for sharing a room. The same family may wanta five-bedroom home, in order to provide a guest room or separate playroom. Your list of needs should include what price range you are able to afford.
It’s a good idea to always search for homes based on your requirements, rather than your wishes. By meeting your needs, you are likely to find some of your desired features in addition to your specified requirements. Your real estate agent will use your lists of wants and needs to find suitable homes within your price range. Alternatively, you can find this information yourself by searching the Internet. During a home search, you should manage your expectations. Buy what you absolutely need first in a home and if it has added amenities, so much the better for you.
After extensive searching, you may be able to narrow down your list of desirable homes to two or three properties. These “A-list” properties should meet all your requirements, at least some of your desires, and certainly your price range. Before you make an offer and beginning negotiations, it’s important to consider the value of the property.
The best way to determine whether you’re getting a good value is to have objective, third-party information about the home itself and the risks associated with the immediate area around the property. Our HomeSmart Value Report is available for only $24.95, and will quickly and easily give you straightforward and objective information about the value of a specific home. It is extremely easy to get caught up in the emotion of a home purchase. After all, it is a BIG DEAL! However, you will sleep better knowing that you not only love the home, but also that you’ve gotten good value for your dollars. Before committing your hard-earned money to any property, be sure you’re making a sound investment.