Buy A Home
How to Find a Realtor To Help You Buy a Home
Purchasing a house is a major endeavor whether you are relocating, downsizing, or will be a first-time homeowner. It requires thoughtful decision-making and planning. Owning a home can also boost your personal wealth. There are many emotional and financial aspects to consider with your decision to buy a home.
When searching for a home, here are some things to keep in mind:
Look beyond the staging.
A staged house looks better than a home still occupied. Pay more attention to the layout of the house instead of merely the decorations. Wallpaper and paint can always be changed later.
Consider all of your expenses.
Of course finances will include other items than just the basic purchase price. Budget for taxes, insurance, utilities, and upgrades.
Will you re-sell the home down the line? Consider the neighborhood and school district. Are you comfortable raising a family there? Who would be your target buyer if you decide to sell in a few years?
Aim for a house you can afford.
One rule of thumb is to try to purchase a house that is available for approximately two and a half times your annual salary.
Get pre-approved for a loan.
This is typically based on your income, debt, and credit history and will put you in a better position to make a serious offer on your dream house.
Make a checklist.
Before house hunting, make a checklist of what you must have in a house, what you would like to have, and deal-breakers.
Shop for homeowners insurance.
Insurance rates change based on the location and condition of the home. Speed up your loan application by having information about your insurance on hand when you apply.
Always have a home inspection performed by a professional.
If an inspection reveals issues, you can factor any needed repairs into your negotiation with the seller.
Read the contract before you sign it.
A house is a major purchase. Make sure you’re protected by reading the contract carefully and ensuring you understand every clause before you sign.
Many home buyers choose to enlist the professional help of a real estate agent.
This can make the buying process significantly smoother for you and your family. An agent can provide access to more options than you are likely to find on your own. A good agent should also act as a voice of reason between you and the seller. Home buying can be an emotional process, and an objective view may save you from possibly making a rash decision.
The Lundgren Group has years of experience buying and selling homes for clients. We have an expansive network and use a variety of marketing tools to help the process go smoothly. Our goal is to help you find your dream home, then help you through the purchasing process.
You can expect professional, honest, and trustworthy service from Tim Lundgren and his team. The Lundgren Group is licensed in both Minnesota and Wisconsin.