Buying a home is a thrilling experience—and one that’s educational. Here are tips to avoid being overwhelmed as a first-time homebuyer. Don’t Rush the Home Search Some homeowners wish they spent more time searching for their perfect home. It’s important to weigh your options so you find the place that fits your needs. It’s also essential to find a REALTOR® who understands your needs, and patiently guides you to your dream home. Don’t Overlook Home Inspections It can be tempting go all in when you find the property that looks right. But always get a home inspection to avoid major problems. If you brush this off to the side, you risk major headaches that could cost you far more than the price of an inspection. Don’t Overreach You have criteria that limit your search, whether it’s location, budget, time, or something else specific to your situation. Ignore these limitations at your peril. For example, blowing your budget will cause financial stress, and putting aside location limitations could make your commute untenable. Your REALTOR® can help you identify and prioritize your limitations.
When finding what you think is the perfect house, your first instinct may be to act fast. However, it can be helpful to take a moment to ensure your offer isn’t a result of adrenalin. Here are five things to do before getting caught up in the hot market: Get In Your Car Have you considered the traffic? Take a practice drive during rush hour to see what your commute might be. Take a Walk Spend time in the neighborhood to check if there is a lot of road or construction noise nearby. Look Beyond the Staging A well-staged house can make small closets appear larger or lure you into buying a bigger space than you need. Ask yourself if the size of the house and the usable space is ideal for your situation. Double Check the Property Condition Can you afford the maintenance? While you might be open to minor repairs, you don’t want to be surprised with a fixer-upper. Have a Firm Budget Know ahead of time what your maximum price is and stick with it. It can be easy to pay much more than initially planned in a bidding war. Don’t forget to ask your REALTOR® to keep you on track with your goals and budget. Having your offer accepted is a time for celebration, not regret.