Ignite FB Tracking PixelHomebuying Tips: Enter the Housing Market with a Plan - Barbara Haley
Homebuying Tips: Enter the Housing Market with a Plan

by Barbara Haley 10/28/2018

If you intend to find your dream house, it helps to establish a homebuying strategy. That way, you can enter the real estate market with a plan in place to accomplish your desired goals.

Now, let's take a look at three tips to help you craft an effective homebuying strategy.

1. Create Homebuying Criteria

If you know where you want to reside, you can narrow your house search. As a result, you may be better equipped than other buyers to accelerate the homebuying journey.

Creating a list of home must-haves and wants usually is a great starting point for homebuyers. This list typically forces homebuyers to think about what separates an ordinary residence from a dream house. And once a homebuyer crafts a list of home must-haves and wants, this buyer can search for residences that meet his or her expectations.

2. Budget for a Home

In most instances, homebuyers lack the necessary financing to buy a house. Luckily, lenders are available that can help a homebuyer assess mortgage options and get pre-approved for home financing.

Budgeting for a home is a major part of the homebuying process. Because if you know exactly how much you can spend on a residence, you could speed up your house search.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. Then, when you find the right mortgage, you can enter the real estate market with a budget at your disposal.

3. Hire a Real Estate Agent

There is no requirement to hire a real estate agent before you pursue your dream house. Yet the advantages of hiring a real estate agent can be significant, and perhaps it is easy to understand why.

For homebuyers, a real estate agent takes the guesswork out of finding the right house at the right price. A real estate agent also collaborates with a homebuyer and will go above and beyond the call of duty to ensure a buyer can achieve the optimal results.

If you want to purchase a house as quickly as possible, it may be a good idea to hire a real estate agent sooner rather than later. Oftentimes, a real estate agent will meet with you and learn about your homebuying aspirations. He or she next will work with you to craft a homebuying strategy and launch a successful house search.

Furthermore, a real estate agent is a housing market expert who will help you overcome any potential homebuying hurdles. A real estate agent understands the challenges associated with purchasing a house and will help you identify and address such issues before they escalate. And if you ever have concerns or questions as you search for your ideal residence, a real estate agent will respond to them.

Enter the real estate market with a plan in hand – take advantage of the aforementioned tips, and you can create an effective strategy to streamline your search for your dream residence.

About the Author

Author
Barbara Haley
Barbara epitomizes integrity, energy, determination & creativity during every real estate transaction. Barbara's extensive knowledge of the local residential real estate market is unparalleled. She specializes in applying her expertise and market knowledge for the benefit of her clients. Her clients trust her judgment and consistently seek her advice on deals up to several million dollars. Barbara is known as a skillful negotiator and will persevere to overcome any obstacle that is placed in front of her. Her attention to detail and honesty is paramount. Barbara keeps her clients updated every step of the way with consistent communication and prides herself on giving all of her clients the most precise information on the state of the market and local real estate trends. Barbara's personal passions include extensive travel, fitness and giving back to the community. She has visited 100+ countries in five out of the seven continents worldwide. Barbara completed her first full marathon in 2009 in San Diego with Team and Training while personally fundraising $5,000 for the benefit of the Leukemia & Lymphoma Society in memory of her grandmother. Fast forward to October 1st, 2016, Barbara completed her first full Ironman 140.6 distance triathlon in Cambridge, MD while personally fundraising $2300 in support of colon cancer research in memory of a dear friend. Barbara is well known in the real estate community for using the same drive, tenacity, and determination that she uses to complete Ironman triathlons in bringing even the most challenging real estate transactions to a successful closing.