1. Determine Your “Needs vs. Wants”
When buying a home you need to know what your non-negotiable items are ahead of time. You will quickly find that there are several things you want in a home, but you should buy a home based on how it meets your needs. It is easy to be “wowed” by updated features and impressive staging, so have a list of your non-negotiable items in front of you so that you can stay focused while you look at properties.
2. Make a Budget
You have to know how much house you can afford before you can start the search. Most sellers will want to see that you are pre-approved for a loan before they will entertain your offer. So, you need to get pre-approved which will give you an idea of what you can afford. However, often banks will pre-approve you for more than what you actually should spend, so take a look at your own financial situation and spending habits and determine exactly how much you are willing to spend on mortgage payments each month. Once you know your limits, work with your real estate agent to narrow your search.
3. Do Plenty of Research
Which neighborhood is right for you? A realtor can help you decide which part of Houston or San Antonio meets your needs and feels like home. Determine ahead of time which factors matter most to you. Are you looking for a high walkability score? Do you want access to public transit or to the city’s best schools? Are you interested in an established neighborhood or do you want something new and up-and-coming? These are all questions to consider when choosing your new home.
4. Take Your Time
Explore your potential neighborhood and make sure there aren’t any red flags. You can even talk to residents and business owners to get a feel for what everyday living is like. You will often have to make certain real estate decisions quickly. However, never feel pressured to move forward if you feel hesitant. Don’t pull the trigger unless you are confident in your decision.
5. Always Get a Home Inspection
The home inspection is your opportunity to get a professional and unbiased opinion of the condition of the property. Consider it like an added layer of security! Your inspector will provide a report that will document lots of information about the condition of the home. You can then use this information to make an informed decision and, if needed, renegotiate terms with the sellers. Many people are tempted to skip the inspection to save costs or speed up the process, but this can lead to costly repairs after you move into the home. You can’t afford to skip the inspection.
To schedule your pre-purchase home inspection, contact AlamoThistle today at (281) 725-4601 (Houston) or (830) 360-4610 (San Antonio). You can also request a free quote or schedule an appointment online anytime.