Very few events in your life are going to be as exciting as purchasing a home, but first-time buyers need to remember that this process can be very complicated. (And the requirement for utilizing a real estate agent.) Well before you make an offer on a home, you will need to carry out a few important tasks, that the agent will guide you through:

Narrow Down the Location

Finding a great neighborhood can be quite challenging, and you don’t want to bid on a beautiful home in the wrong location. After you’ve narrowed your search to a few specific neighborhoods, you should try to visit those areas during different times of the day. You also need to speak with some of the homeowners and neighbors about the pros and cons of those areas.

Get Pre-Approved

Just about any lender that offers conventional mortgage services can pre-approve you for a mortgage loan. Once you’ve been approved, you will know exactly how much money you can offer and which price range you should be looking at. Many sellers are also very eager to work with buyers who have been pre-approved because closing will take just a fraction of the time. This also can help you avoid looking at homes that you know you won’t be able to afford.

Write Out a List of Necessities

It might be tempting to look at luxurious homes with incredible upgrades, but the necessities should always come first. Some of the variables that you’ll need to consider include the location of the home and the total number of bedrooms. You might also be interested in the age of the appliances. Buying a home with older appliances might be cheaper initially, but you could end up spending thousands to replace those gadgets in the coming years.

Establish a Moving Plan

Every step of your move doesn’t need to be planned out before you make an offer, but there are a few considerations that you and your family will need to discuss. Some buyers decide to take one or more weeks off work, while others prefer to hire professionals who can do most of the hard labor. You must contact all of the utility companies, as well, to see if they offer any moving packages that allow you to quickly switch from one address to another.

Another vital step in this process is utilizing the services of a real estate agent. This professional (like me!) will guide you through the property purchase process and support the mortgage guidelines.

By Meghan Belnap – who is a freelance writer

Cliff Daniels
Realtor
Active Properties
Boulder Colorado
720 434 1418
cliff@actprop.com