If you’re planning on purchasing a home this year, you’ll will want a transaction as smooth as possible. That’s what us agents are for! We want to help you find the perfect home and then ensure the process becomes as pain-free as possible. You don’t realize how important this is until you have the transaction from Hell!
Taken from a Better Homes and Garden’s article and repurposed with some of my insights, here are five tips for a smooth home purchase:
Tip 1: Communicate with Your Agent
You spend a lot of time with your agent in a finite window, so, you should work with a real estate agent you are comfortable with. They should be straight up and express everything you want and need in your new home. By communicating your desires from the beginning, your agent won’t waste time showing you homes that don’t fit your criteria. If you know you want an updated kitchen or two baths, make that clear. It is also a process; sometimes what you want and what your budget can afford creates a discovery process, but when it comes to finding that perfect home, clear communication is key. And if you run into any problems along the way, be sure to speak with your agent to iron out any issues.
Tip 2: Be Reasonable with Expectations
If you’re searching for a three-bedroom home located in a certain neighborhood that has the right schools, and your agent shows you a property with a color you don’t like that only has 1.5 baths, don’t simply write off the home. When searching for the home of your dreams, you may have to give something up or make some changes once you move in. No home will be perfect and, again, it is a process to find that out.
Tip 3: Don’t be Discouraged
Don’t expect to find your dream home overnight. Buyers often get frustrated because nothing pops up in their price range for two weeks or they have written five offers and none of them were accepted, but remember, it is a process. And, this is the Bay Area! Buyers usually course correct, change their expectations, get a quick education on the market and – voila! – the universe unfolds, the right house pops up and your offer is accepted! Woo-hoo! Now the rubber hits the road and you are in contract!
Tip 4: Play the Money Game
If you offer $375,000 on a home that’s listed at $400,000 and the seller refuses to budge, be prepared to negotiate. Wait!!! This is the Bay Area! When you offer $650,000 on a home listed for $620,000 and you are one of nine offers, you need to have some wiggle room for a counter offer. Before making an offer, discuss your strategy with your agent as he or she will be able to tell you whether your offer is fair or not. It’s also important to check out comps in the neighborhood so that you can make a reasonable offer from the get-go. Don’t forget how important a good lender is and the reputation they have with other agents. This may make the difference in your offer getting accepted over the other eight.
Tip 5: Get Your Mortgage Pre-Approved
This could be the smartest thing you do all year. By having a mortgage approved before you even begin looking at houses, you’ll be ready to make an offer as soon as you find the home of your dreams. Not all lenders are equal, and a good lender may give you the upper hand over other buyers who may be interested in the same house. Can they closer faster than 30 days? Do they get all the paperwork upfront and desktop underwrite you so there are no surprises? Are they responsive to your calls?
If you have any interest in purchasing a home this summer, and are looking for an agent who can guide you through the process smoothly, I am at your service and I have a great lender or two to refer!
I stumbled across an interesting blog recently that collects scientific research to prove that money can, in fact, buy happiness if it’s spent correctly.
For example, if you are spending your income on gifts for others, experiences for yourself, and time with your family, you’re scientifically more likely to be happy.
As someone who dedicates many hours of her life to work, I can relate with the difficulties in finding the free time and money to make all of those things happen.
That’s not to say I don’t achieve happiness, but with the right mindset, I could probably increase my level of happiness – and so can you.
In the blog, the author writes:
Consider this: The two days your spend waiting for your Amazon Prime package to arrive doesn’t build the same kind of anticipation as planning and dreaming about that vacation to Belize does. You take the time off work, brush up on your Spanish, read travel blogs and more, all the while thinking about how epic this trip is going to be. And once it’s over, you’ll tell the story of zip-lining through the rainforest to anyone who will listen for the rest of your life.
I’ve made it a point to spend my time and money skiing in Tahoe; this year, I bought a pass to Squaw Valley. Not only does that allow me to escape the office for a day and do one of my favorite activities, but it oftentimes brings me in close proximity to my youngest son, who attends school in Reno.
And if you’ve followed my blogs or received my newsletters, you know I enjoy combining charity with my real estate work; from this past winter’s coat drive to my passion helping past and present military use their VA benefits to buy a home, to playing in charity poker tournaments to fostering Weimaraner’s until they find their fur-ever home!
So, if you try, buying happiness is possible. I choose to experience happiness through experiences, giving to charity and spending time with my family and friends and that does take money, but in the end it is a decision to choose to be happy.