First Time Home Buyers
You're
Pre-Approved.....What's Next?
You're Pre-Approved...How Long
Should It Take to Buy Your First Home?
In seller's markets, often I show only one home. After all, how
many homes does one family need? A few 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 my 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 a Home Buyer
See?
Studies show that your memory dramatically improves after
consumption of carbs and slows upon consuming sugar. So, lay off
the soft drinks and have a hearty meal of carbs before venturing
out to tour homes. The average number of homes that I show to a
buyer in one day is seven. Any more than that, and the brain is on
overload. Therefore, don't expect to see 20 or 30 homes; although
it's physically possible to do so, you probably will not remember
specific details about any of them.
The "Red Shoes" Experience for a
Home Buyer
Women will relate to this. Say, you need a new pair of red shoes.
You go to the mall. At the first shoe store, you find a fabulous
pair of red shoes. You try them on. They fit perfectly. They are
glamorous. Priced right, too. Do you buy them? Of course not! You
go to every other store in the mall trying on red shoes until you
are ready to drop from exhaustion. Then you return to the first
store and buy those red shoes. Do not shop for a home this way.
When you find the perfect home, buy it.
How a First-Time Home Buyer Can
Rate Inventory
-
Bring a digital camera and begin each series of photos with a
close-up of the house number to identify where each group of
home photos start and end.
-
Take copious notes of unusual features, colors and design
elements.
-
Pay attention to the home's surroundings. What is next door? Do
2-story homes tower over your single story?
-
Do you like the location? Is it near a park or a power plant?
-
Immediately after leaving, rate each home on a scale of 1 to 10,
with 10 being the highest.
-
View Top Choices a Second Time Before Buying That First Home
-
After touring homes for a few days, you will probably
instinctively know which one or two homes you would like to buy.
Ask to see them again. You will see them with different eyes and
notice elements that were overlooked the first go-around.
At this point, your agent 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 To Buy a Home
 Your
most important job is to make the final selection of the right
property for you. This is when excitement and emotion run high. A
real estate agent can assist you in the selection process by
providing objective information about each property. Agents who
are REALTORS® have access to a variety of information resources.
REALTORS® can provide local community information on utilities,
zoning, schools and other information. Be sure to have open,
candid discussions with your agent on all your wants and needs to
be sure the property is right for you.
Contact a Staker Mortgage consultant for "First Time Home Buyers"
pre-approval today!
260-494-1111 - Ask for the "First Time Home Buyers" approval
department.
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