Buying a house is exciting, intimidating and, honestly, a bit complicated. If you’re like most young home shoppers, you’ll spend close to three months just finding “your” home.
It’s an emotional roller coaster. You might find what seems the perfect place, only to learn that it’s way over your target price. And that in-your-budget “fixer-upper” is more like a demolition zone.
But here some tips you can use to help you buy smart.
Be Aggressive and Passionate: You’ve no doubt heard the terms “buyer’s market” or “seller’s market.” If you’re house hunting, you want to be on the right side of that equation — in a buyer’s market. Prices are reasonable, there are lots of choices within your budget and financing is a breeze. So don’t just sit around and wait for the right time go for it. It’s more likely you’ll be house hunting in a “hot market.” Imagine walking into an open house. It’s a great home well within your budget, it’s in your ideal neighborhood — and it’s crammed with more than a dozen other couples, offers already on the table. This happens in a seller’s market.
Be Patient: It’s likely you won’t be able to buy the first home you fall in love with. But hang in there; a perfect opportunity may be just around the corner.
Keep an Open Mind: You’ll probably have to pay quite a bit more than the list price. Keep that in mind when checking out neighborhoods that you think might be in your price range.
Seek the Assitance of An Agent: Come to us at O’sekemi, lets be the perfect gude to achieving your home goals as well as help guide you in learning the ins and outs of your market.