on Thursday, April 26th, 2012 at 7:25am.
Maybe you have painstakingly saved every coin you earned over the years. Or you have decided to obtain a mortgage. Now before you decide to buy your dream home, you need to have a clear strategy to guide you. Follow these strategies to help you buy the house that you badly want.
Strategy 1: Move Slow
When buying a house, don't let the real estate agent or the seller pressurize you into buying the house. If you get that "curly toe" or if the hairs on the back of your neck stand up, that is your dream home. Ask yourself if that is the house you really want. There are several houses put up for sale at any given time, and therefore make an effort to look around before making your decision. Just don't let a realtor or a seller to push you into buying a house that you don't really like.
Strategy 2: Go for an Experienced Realtor.
While the internet allows you to research about homes that are up for sale just like the realtor, the ability to interpret the information is what differentiates you from him. Furthermore, most homes that are up for sale are not always listed on the internet. A good realtor doesn't just take prospective buyers out on viewing tours or signs contracts. Such realtors observe market trends carefully to spot areas where property prices are fluctuating. A good realtor can therefore show you a house whose future price potential is great. You never know whether you might want to sell that house in future.
Strategy 3: First Sell
If you don't own more than one property, it is wise to sell the current home if you have found one that has caught your fantasy. Besides, you might be motivated by emotional reasons to buy a new house. If you are recovering from a messy divorce, it might help to get rid of the old house to banish memories made there. Renting it out will occasionally force you to visit it to check its condition. Lastly, it makes more financial sense to invest money elsewhere if the area's property values are declining.
Strategy 4: Check your Finances
Are you getting a mortgage? Or are you paying for the house in cash. Make sure you can financially absorb any impact of the decision. See your financial advisor, lender or tax specialist to have a look at the available options based on your financial situation.
Strategy 5: Check!
While you might be tempted to buy a house simply because it is priced too low compared to others in the locality, do your research first. You might be surprised that there are a few cracks or some peeling paint hidden around the corner.
Now, if you are ready to start looking for that dream Boise home, let us help you fulfill that dream. Call our 24/7 line at (208) 571-7145 or you can fill out this form.