The home-buying process can be very exciting but also sometimes scary at the same time! Before you start shopping, you may want to consider the following tips.
Hire a Buyer Agent
You want somebody that is going to be on your side who is an advocate looking out for your best interests, such as helping you find the right property, writing a winning offer, and negotiation. During the buying process, there can be a lot of unexpected things that pop up that a good agent can help you through very easily. Local agents have the experience you’ll want to take advantage of.
Don’t assume you’ll save money by doing it alone! When you talk with the listing agents of the houses you are looking at, those agents are working for the seller, not you! A buyer agent will probably cost you nothing, as the commissions are paid by the seller in just about every instance.
We are experts in the Eau Claire and surrounding area real estate markets. So if you are looking to buy in Eau Claire, Chippewa Falls, Altoona, or any of the other smaller towns in the area, we’d love to serve you!
The Perfect House Doesn’t Exist
You’ll start your home-buying journey out with a list of needs and wants. If that list is small, you may be able to find what you are looking for, but keep in mind that that perfect house probably doesn’t exist. Many times, when you finally find a house or two that hit most of your criteria, you just need to go with your gut feeling. Many of your “must haves” or “wants” can be added or changed later, so keep that in mind! Some can even be very inexpensive!
We recommend checking out a few lenders. Get some quotes. Ask your buyer agent what lenders they might recommend as they may have relationships with some lenders. Make sure that the lender offers the right loan program that meets your needs. We know many lenders here in Eau Claire, so we can help you with that process if you’re at this stage.
Avoid Big Purchases
Don’t make any big purchases that require you need to take out new debt before buying. We know it’s easy to get excited about the new house you are buying and you might want to buy things for the house, but your best bet is to have patience and wait until you close on your new home. This will prevent any last minute hiccups in your financing. Of course, if you’re not financing, then this won’t matter for you!
Be Prepared to be Competitive
We all like a great deal and you certainly don’t want to overpay, but once you find the home you want, be ready to compete. When you are competing with other buys, this can be extremely stressful, but this is where a good buyer agent will come into play, helping you navigate your way through this process, and give you the best chance at getting your offer accepted over other buyers, without paying more than you should. Hopefully you can use these pieces of advice to land the home you really want!
Listen to Shannyn Pinkert talk about home-buying tips!
About the Author
Shannyn Pinkert is a REALTOR and the owner of Property Shoppe Realty. She's active in the community and has a passion for real estate.