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Are You Prepared to Address House Buying Hurdles?

by Tampa's Home Team 10/06/2019

Purchasing a home may prove to be a long, arduous process, particularly for individuals who fail to prepare for potential house buying hurdles. Thankfully, there are several things that you can do to put yourself in position to enjoy a successful homebuying journey, such as:

1. Establish Realistic Expectations

Much in the same way that Rome was not built in a day, you should not expect to find and acquire your dream house right away. If you establish realistic expectations from day one of the homebuying journey, you can identify and resolve potential problems before they escalate.

Think about why you want to buy a home, where you want to reside and other homebuying factors. Then, you can make a list of homebuying goals and criteria. And once you have this list in hand, you can map out your quest to achieve your desired house buying results.

2. Get Your Home Financing in Order

If you find a home you want to buy but cannot quickly obtain financing for this residence, you may lose the house to a rival buyer. On the other hand, if you start a home search with a mortgage in hand, you could seamlessly navigate the homebuying journey.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions employ mortgage specialists who can teach you about all of your home financing options. Next, you can select a mortgage that enables you to acquire your dream residence without spending beyond your means.

3. Hire a Real Estate Agent

Oftentimes, it helps to hire a real estate agent prior to launching a home search. Because if you work with an expert real estate agent, you can gain comprehensive homebuying insights that you may struggle to obtain elsewhere.

A real estate agent understands what it takes to purchase a house in any housing market, at any time. First, he or she will learn about you and your homebuying expectations. A real estate agent then will craft a plan designed to help you identify your ideal residence. This housing market professional next will put this plan into action and ensure you can check out a broad array of quality residences. Finally, when you discover your dream house, a real estate agent will help you submit a competitive offer to acquire this home.

Let's not forget about the assistance that a real estate agent provides after a seller accepts your offer to purchase his or her home, too. At this point, a real estate agent will help you schedule a home inspection and finalize your house purchase. And if you ever have concerns or questions before you complete your home purchase, a real estate agent is happy to respond to them.

There is no telling what challenges you may encounter when you try to buy a house. With the aforementioned tips, you can minimize risk during the homebuying journey. Perhaps best of all, these tips could help you speed up your quest to find and purchase your dream home.

About the Author
Author

Tampa's Home Team

When it comes to buying and selling real estate it takes a strong commitment. Serving in the Merchant Marines and holding a U.S.C.G Captain’s license, deeply qualifies me to help you navigate one of life’s biggest investments. I would like to discuss with you how my 10 year commitment to the Real Estate Industry and the Tampa market will be well worth your consideration.

I am a Licensed Real Estate Professional with RE/MAX Capital. I chose this firm over all others because they are committed to providing me with tools, resources and a compelling culture, coupled with my expertise, enable me to bring the highest caliber of buyers and sellers together. I personally specialize in asking good questions, customizing a marketing strategy and negotiation to ensure my Sellers receive the best opportunity for the highest net, most protection with the least amount of stress.

Since most people in our market own their homes for between 5-7 years, I would imagine in the near future you will have a need to sell or desire to buy. I am strongly committed to being the best at what I do which means doing the best for you.

When your time to sell is near, I commit to providing you with the most current information and a winning spirit to take you from where you are to where you want to be.