Buying a good home is everyone’s dream and if you have been dreaming of buying your favorite, spring season is the best time for you. 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 bid gets 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.