• House Hunting Tips

    Posted on October 1st, 2009 by bwarner No comments

    When looking to sell an old house in favor of a newer one (due to growing a family, ditching a bachelor pad, etc.), buyers can be faced with difficult tasks, old and new.

    Step 1. Work with the pros

    Unless you’re a seasoned veteran or the epitome of independence, working with a realtor and a mortgage broker can drastically improve your home-buying experience. No one else knows the city better (growth patterns, property value escalation probabilities, average house type/dimensions) than a realtor. The rules can change from city to city as well as with time and a professional realtor can remove a lot of the headache. Have fun looking around but if you can avoid this stress, you’ll be much happier in the end.

    A mortgage broker lives in paperwork and understands the ins, outs, ups and downs of loan types and also when the best time to buy is. They make sure all the moving pieces behind the financial aspect of the engagement stay moving while you’re deciding on the home of your dreams and where you’ll be placing furniture.

    Step 2. What area of town can you live in?

    “Can” is used here in several contexts. Your budget is going to be a primary factor when looking of course but when it comes to your peace of mind, which neighborhood will be best for your situation? Something may be too urban or too suburban for you. “Howdy neighbor!” may work for some people where privacy is more important for others. Quadrant or section the city and find out which area fits your personality best.  (tools: moving.com/zillow)

    Step 3. What tools should I bring?

    When house hunting with a realtor, if you can borrow a GPS unit or invest in one that’s reasonably priced, you’ll find it much easier to get from one place to another. This is by no means a must but if you’re unfamiliar with the areas you’ll be looking in (or even when you find your perfect home!) a nice addition to travel is a GPS unit for locating the quickest way to the grocery store, kids’ school and even work. Where is the nearest grocery store, anyway?

    Step 4. Do your Homework

    Make sure you inspect your new home and do your research.  This may be the home you spend the rest of your life living in and realizing you’ve bought a money-pit is often one of the more common fears home-buyers face. How old is the home? Are there cracks in the exterior walls/foundation? How is the water pressure? How old is the furnace/AC? What are the neighbors like?

    Hint: Talk to the neighbors!  No one knows more about the neighborhood and the former occupant of your potential home than the people next-door.

    We know many of you have been there before.  We and other bloggers would love to hear your tips – comment below!

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