Steps to Buying a Home.
Figuring Out the Benefits
Should you buy a home? Most of the time we hear from friends and family, yes you need to buy your own home. So, by now you have likely already weighed the benefits and decided that home ownership is the best decision for you. That's a major hurdle now passed.
Defining Search Parameters
Almost 75% of all home searches today begin on the Internet. With just a few clicks, home buyers are able to search through thousands of online listings, view virtual tours, and sort through dozens of photographs. You've probably defined your goals and have a pretty good idea of the type of home and neighborhood you want. By the time you reach your real estate agent's office, you are halfway to home ownership.
How Long Should It Take to Find What You Want?
In a seller's markets, often agents will show only one home. Some buyers will look for years, but buyers who do that aren't motivated. A motivated buyer will find a home within two weeks. Most of our buyers find a home within two days. Good real estate agents will listen to your wants and needs and arrange to show only those homes that fit your particular parameters. Your agent should preview homes before showing them to you as well.
How Many Homes Will You See?
The average number of homes that we show to a buyer in one day is about 6-8. Any more than that, and the brain will overload. Therefore, don't expect to see 15 or 20 homes; although it's physically possible to do so, you probably will not remember specific details about any of them.
Rate the active homes
Bring a camera and begin each series of photos with a close-up of the house. Take notes of features, colors and designs. Pay attention to the home's surroundings. What is next door? Does the home back up to an apartment complex? Do you like the location? Is it near a park or a walmart? After leaving, rate each home on a scale of 1 to 10, with 10 being the highest.
After touring homes for a few days, you will probably know which one or two homes you would like to acquire. Ask your realtor to see them again. You will see them with different eyes and notice elements that were overlooked the first-time. At this point, your Realtor should call the listing agents to find out more about the sellers' motivation and to double-check that an offer hasn't come in, making sure these homes are still available to purchase.
Making the Selection
Agents generally know which home a buyer is going to choose. It's an intuition. But agents make it a practice not to steer buyers, and they insist that buyers choose the home without interference from their agent. Real estate agents are required, however, to point out defects and should help buyers feel confident that the home selected meets the buyer's search parameters.