As a first time homebuyer, you may be feeling somewhat intimidated about the whole home buying process. With everything there is to learn about buying a home, it can certainly be overwhelming. Even those who have purchased homes two or three times will tell you buying a home is challenging. But they will also tell you that knowing how to research and prepare for buying a home will help you handle the challenges that come with it. First time homebuyers may find this resource helpful in easing any stress that can come during homebuying process.
Use These 5 Tips When Researching and Preparing for the Home Buying Process
- Consider the Best Location
If you haven’t heard the old cliché “Location, Location, Location” yet, you will. That’s because it’s real estate truth! Location really is the most important part of the real estate equation. Consider the following pros and cons to help you determine the best location for your Brooklyn home:
- Take your family’s priorities into account
- Know where you would buy a home, and where you wouldn’t
- Try to be flexible with what you really want in your home. For example, are you longing for a place with a yard?
- Compare the price of the home you’re looking at purchasing with prices of homes in the area. This will help you find out if you’ve found a good deal and whether or not it lines up with current market expectations.
2. Be Ready Financially
Looking for a new home can seem like an endless endeavor. Once you find “the one” though, the process moves into high gear. In real estate markets that are fast-moving, a great house for a great price can list in the morning and receive an offer a few hours later. It’s even possible for it to be under contract by nightfall, really! And this is why you should be ready financially before you find a great house and make an offer.
Ask your friends and family which law or finance professionals, any law or finance professionals. Charles D’Alessandro with Fillmore Real Estate has recommendations for mortgage companies, so ask him for his recommendations. Get quotes from several different lenders. This will give you a general idea of what your rates should be.
Familiarize Yourself with Real Estate Jargon
It’s honestly worth the effort to educate yourself with some of the real estate terms that come with the home buying process. If you’re familiar with the terms, you’ll understand the purchasing terms when they’re being discussed.
See the Neighborhood for Yourself
Find out if a neighborhood is right for you by spending the day there. Check for open houses you’re interested in and make a day of it. Take a walk and visit nearby shops, restaurants, parks, and schools. Find out what kind of people live there.
Hire Charles D’Alessandro as Your Buyers Agent
The relationship with your real estate agent is important. They can make or break your home buying experience. Your real estate agent must be trustworthy, dependable and work FOR you in the home buying process.
The home buying process is exciting and stressful. With proper research and preparation, your home buying process can be a great experience. Start smart and hire Charles D’Alessandro. Research, prepare and contact Charles D’Alessandro at (718) 253-9600 ext. 206 or email [email protected]. With over 30 years of experience marketing Brooklyn homes, you can trust Charles D’Alessandro, your Brooklyn real estate agent with Fillmore Real Estate as your buyers agent.