6 Tips for New Home Buyers
Are you looking at homes for sale in View Park | Windsor Hills CA but aren’t sure how to find the right one? Most people think of buying a home as a very stressful event. It doesn’t have to be if you have a good realtor and follow these tips to make your home buying experience easier.
Tip #1: Get Approved
Before you really start looking at homes for sale in View Park | Windsor Hills CA, you need to be pre-approved for a mortgage. Only the most serious buyers are pre-approved, and that makes a big difference to sellers.
Sellers know that lenders have taken a deep look into the finances of pre-approved buyers and know just how much they’re willing to loan you. Being pre-approved makes sellers more willing to talk to you and gives you the freedom to make an offer quickly when you find the right place. It also makes the whole process easier by helping you know exactly what you can afford.
Tip #2: Don’t Overthink Timing
As soon as people hear that you’re buying, they’ll start talking to you about finding the perfect time to buy. It’s easy to get obsessed with trying to anticipate how the housing market might move, and the end result is often a lot of frustration for you when things don’t go just as you hoped.
The perfect time to buy is the moment you find the right home for you, and a qualified realtor is the best way to find that home. Realtors know where the properties are, which ones fit your needs, and the best time to make an offer.
Tip #3: Don’t Underestimate Costs
Most people make the jump from renting thinking only about how rental payments compare with mortgage payments. And while it’s true that it’s better to put your payments into your own future rather than lose them to a landlord each month, you also need to think about the other costs of homeownership.
In addition to mortgage payments, you’ll also need to pay utilities, property tax, and homeowners insurance. Make sure to budget for these as you plan what you can afford.
Tip #4: Be Careful While Bidding
Many people think that you automatically bid low and then negotiate with the seller for a price somewhere between what you’ve offered and they’ve asked for. The truth is more nuanced.
An opening bid needs to be based on your budget and the realistic value of the property. It also can’t offend the seller. In some cases, it might be smart to bid the maximum you can afford right out the gate. Having a realtor’s advice in negotiations is invaluable at this point.
Tip #5: Check Out the Neighborhood
It’s always smart to visit specific properties you’re interested in at different times of day. Drive by a few times and at various times to see what’s going on at the homes of those who’ll be your nearest neighbors.
It’s also important to check out the route to the nearest grocery store, to and from work or school, and how you’ll get to the bank or post office if you need to. These little things can have a big impact on your final decision about a property.
Tip #6: Always Use a Realtor
There’s always someone who will try to tell you that you can get through the home buying process without a realtor’s help. The reality is that attempting this is risky. A realtor knows the market, what’s available in your budget, and the best time to buy.
A realtor can also help you negotiate, navigate the reams of paperwork involved, and understand regulations, taxes, and complicated banking issues that can be extremely stressful for those without real estate expertise.
Homes for Sale in View Park | Windsor Hills CA
If you’re looking for homes in the View Park area, contact Teresa Mack today. She can help you understand the market and your budget, as well as find the home of your dreams.