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Tips for First-time Home Buyers |
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Monday, 24 December 2007 |
“But my uncle said…..but my colleague said…….but now my wife says…….gosh now my childrens are saying …they want…..” – Trauma of house hunting. You are surrounded by opinions and just advices.Here's what you can expect from your home shopping experience. Figuring Out the BenefitsYou should buy a home. That's what you've been hearing from friends and family, right? So, by now you have likely already weighed the benefits and decided that home ownership was the best decision for you. That's a major hurdle now passed. You are focused and certain. Good. Defining Search ParametersAlmost 80% of all home searches today begin on the Internet. With just a few clicks of the mouse, home buyers can search through hundreds of online listings, view virtual tours, and sort through dozens of photographs and aerial shots of neighborhoods and homes. You've probably defined your goals and have a pretty good idea of the type of home and neighborhood you want. By the time you reach actual construction site, you are halfway to home ownership.
How Long Should It Take to Find What You Want?Motivated Buyers should close the deal in 2 months. After doing lot of homefork and focused to what you want, it should not be that tough.
How Many Homes Will You See?Just check 5-6 homes per day, come back and compare whatever you saw. Doing 10-14 homes will be overload and just add to your confusion. The "Red Shoes" ExperienceWomen 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 to Rate Inventory- Pay attention to the home's surroundings. What is next door? Do 12-story homes tower over your 6 story?
- Do you like the location? Is it near a park or a railway station?
- Immediately after leaving, rate each home on a scale of 1 to 10, with 10 being the highest.
View Top Choices a Second TimeAfter 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 SelectionCompare the shortlisted properties with your - Budget
- Construction Quality
- Builders Reputation
- Proximity to important places such as market, schools etc
- Amenities is the last one you should look for.
Happy House Hunting |
