Taking the First Step!

Taking the first step when house hunting and contacting a real estate professional can be scary.  It is good to evaluate the broker you choose to work with based upon experience, ability and professional credentials.  It is best to meet in the office face to face and talk about criterias you are seeking in a home and also to be totally truthful about your financial situation.  Not everyone likes to talk about their finances and the past several years has not been kind to most of our bank accounts.  So do not fear, as conversations are confidential and the real estate professional you choose can help lead you in the direction of a selection of lenders matching your situation whether you are a first time homebuyer or experienced in the process.

Some key points you may want to consider is resale value for when you choose to move.  Many buyers will quip, 'this will be my last home', but rarely is that really the case.  So keep in mind location, curb appeal, amenities, school districts, and condition of the home.  As a good reminder, you will want at least 3% reserves for unexpected maintenance and repair costs after the sale.  There are no perfect homes and it is good to have some savings on hand for unexpected emergencies.  Ask for a home warranty when crafting your purchase agreement to cover major components in case of an unexpected repair.  Be sure to read the home warranty as many times a small amount of extra coverage may lower your deductibles or provide additional protection.

Taking the first step with your eyes wide open will give you personal reassurance you are making the right decisions.