Finding a home can be thrilling yet stressful. A house is one of the most significant purchases you’re likely to make, so it’s important to do everything you can to ensure a successful search. You can find the dream home accommodating all the needs of you and your household.
If you’re interested in tips on the house hunting process, here’s some info to help:
Old vs new house construction
When house hunting, you may be considering whether a new construction or an older home would be the best fit. Typically, newer construction homes are higher in price. However, you may save money later down the road on upkeep and repairs.
You may be considering purchasing an older home. You may find older models of homes have some unique exterior features not seen in newer homes. For example, an older home may have unique light fixtures you find to be desirable. However, the older the materials used in the home, the more likely they will need to be replaced sooner after purchasing.
Be realistic when searching for a home
Thoroughly examine your budget when searching for a home. It’s best not to use all of your funds towards a large down payment to show lenders you have some financial wiggle room. What things are negotiable and what things do you stand firm on?
Be prepared to offer at the current asking price or more if you want to stand above the competition during a seller’s market. If you’re purchasing a home in a buyer's market, you’ll have more flexibility when putting an offer down on a property.
Narrowing your search
The housing market moves fast. It’s good to make a list of the characteristics you seek in a home. Consider important factors like location and size of your property. Creating a budget can help in narrowing down the type of home you can afford.
If you are in a seller's market, you may find houses quickly move off the market. Hiring an experienced real estate agent can help you pick out the best options in a timely manner.
When searching for a new home, it’s important to stay level-headed. It’s best to not rush into the homebuying process. A local real estate agent can help you explore your options to find the best home fitting your needs.
About the Author
Carolyn Andrews
Carolyn Andrews has over 30 years licensed Brokerage experience in both California and Colorado. Born in England, Carolyn moved to California in 1980, then relocated to Denver, Colorado in 1991. Carolyn has also received recognition for Top Sales at RE/MAX Alliance Aurora in 2007-2008 and is a member of the RE/MAX Hall of Fame & Chairman’s Club, as well as a recipient of the ReMax Lifetime Achievement Award. Carolyn has sold over 2000 homes personally in her career. Carolyn has been actively involved in many aspects of the Real Estate business including investment property, luxury homes, mountain resort property, skiin/ski out, REO/default management, loss mitigation, valuations, and disposition. She has been a speaker and panelist at several conferences and has been consulted on many occasions by various organizations in the REO/financial industries for her expertise and served on many boards. She has attended numerous ongoing classes to stay abreast of changes in the ever-evolving Real Estate industry. She is the prior State Director for Colorado for VAREP(Veterans Association of Real Estate Professionals). She is a member of 3 boards of Realtors including Metro Denver, Colorado Springs and Summit County mountain areas. She heads up The Andrews Group and is or has been an active member of NAR, CAR,REOMAC, CIPS, CRS, AREAA, NAPW, NAHREP, and is an original member of the ELITEReal Estate network. She was ranked #1 for most homes sold in Denver 2007 by Denver Board of Realtors, #2 for 2008, and #2 for 2009, #5 in 2010 and #4 in 2011 and has been consistently in the top 10 ever since. Carolyn Andrews has been a top rated Endorsed Local Provider for the Dave Ramsey Organization and also a Top Producing agent for 2018 for the Homelight Company.
