Before seeing a house, there are several important steps you should take to ensure you are well-prepared and can make an informed decision:
- Determine your budget: Know how much you can afford to spend on a house, and get pre-approved for a mortgage. Sitting with a mortgage professional who knows the details of closing costs, taxes, and can sift through your finances to see what you can afford is invaluable – and necessary. Definitely take the time to find someone you’re comfortable with. The mortgage professional will also be in communication with your real estate agent, lawyer, and your homeowner’s insurance company. They’re a critical link in the house-buying process.
- Hire a real estate agent (ME!): Hiring a licensed real estate agent who can help you navigate the home-buying process and show you properties that fit your criteria. A professional real estate agent coordinates all communication between the mortgage professional, Seller’s agent, lawyers, and any others involved in the deal. They make sure to dot the i’s and cross the T’s to make sure your experience is as seamless as possible. They’re the hub of all of the activity and worth every cent.
- Find yourself a local, reputable real estate lawyer. They will make sure all the documentation and legal side of the transaction is accounted for and you’re covered. They will also pull the title to the house to check to make sure it’s clear and ready for purchase.
- Research neighborhoods: Research the areas you are interested in living in to get a better sense of the local housing market, schools, amenities, crime rates, and transportation options. Take a drive through the town and neighborhoods to get a good sense of the area. Be proactive in this regard! Also, drive by the house you’re interested in viewing – take a look at the yard, neighbors, driveway, and condition of the house. Don’t be creepy – keep your distance, but do your due diligence.
- Make a list of must-haves and deal breakers: Determine the features that are important to you in a home, such as number of bedrooms, bathrooms, square footage, and outdoor space.
- Check the property’s history: Look up the history of the property, including any previous sales, current and past owners, and any past issues or repairs that have been made. All of this can be found in town offices. Your real estate agent will also do this for you.
- Schedule a viewing: Once you’ve identified a property you’re interested in, schedule a viewing with your real estate agent. During the viewing, take note of any potential issues or concerns, and ask the seller or agent any questions you have.
By taking these steps before seeing a house, you can make sure you are well-prepared and able to make quick, and informed decisions about whether or not the property is right for you.