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5 Tips for Buying a Home

5 Tips for Buying a Home
 

 

 

Looking to buy a home? Here are five essential tips for making the process as smooth as possible.

Get your finances in order.

Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.

Find a house you can afford.

As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.

Hire a professional.

While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.

Do your homework.

Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.

Think long term.

Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.

 
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JD PDX Real Estate

About the author

My philosophy is simple: clients come first. I pledge to be in constant communication with my clients, keeping them fully informed throughout the entire buying or selling process. I believe that if you’re not left with an amazing experience, I haven’t done my job. I don’t measure success through achievements or awards but through the satisfaction and repeat/referral business of my clients and becoming your top realtor choice when it comes to buying or selling real estate. Having spent most of my life in Portland living in Northeast, Southeast, Bethany, Hillsboro, Beaverton, downtown and St. Johns, I’m very knowledgeable of the many different neighborhoods and surrounding areas our city has to offer.

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Jamohl DeWald

One of my greatest joys as a real estate professional is handing over the keys of ownership to a first-time home buyer. As an experienced agent, I understand that preparation is important to avoid missteps with that first home purchase. I’m here to help with navigating the waters of those potential missteps.

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3 thoughts on “5 Tips for Buying a Home”

  • Deb Pearl

    May 29, 2018 at 9:31 pm

    Thank you for all the tips on buying a home. I really want to buy a home, but I don’t know what to do. I really like your tip about doing some research and determine the state of the market before looking. I think that would be a great help.

    Reply
    • Jamohl DeWald

      May 29, 2018 at 9:46 pm

      Hello Deb,
      Thank you for the kind words. I try to provide value with absolute 0 expectations. I’m not going to make you sign up for my newsletter, or register on my site or not let you view homes and then only give you half the information. I will give it all away for free and try to help any way I can! Step number one really is to search out some top local lenders in your area and get pre-approved so that you know what you can afford. If you don’t qualify yet, they should be able to help get you on the right path to homeownership and tell you what steps to take to get there.

      Reply
  • Take These Steps First On The Road To Homeownership – JD PDX Real Estate

    May 29, 2018 at 11:20 pm

    […] 5 Tips For Buying a Home […]

    Reply

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