|
4. Look at Homes
Some 6 million new and existing homes are sold each year.
There's no shortage of housing options, but with so many
choices the challenge becomes finding the property which
best meets your needs. The housing market is complicated because the stock of
homes for sale is always in flux. If it were possible to
have a complete list of every home for sale at this very
moment in a given community, such a list would become
obsolete within seconds as new homes become available and
properties now for sale are put under contract.
In effect, buyers are looking at a moving target in a
marketplace that is never static. Because of this, it is
important to know as much as possible about the choices in
preferred markets, and the way to do that is by working
closely with a local REALTORŪ who has a good "lay of
the land." Each of us is different and so it's important to list the
features and benefits you want in a home. Consider such
things as pricing, location, size, amenities (extras such as
a pool or extra-large kitchen) and design (one floor or two,
colonial or modern, etc.).
Next, it's important to consider your priorities. If you
can't get a home at your price with all the features you
want, then what features are most important? For instance,
would you trade fewer bedrooms for a larger kitchen? A
longer commute for a bigger lot and lower cost?
Lastly, consider your needs in several years. If you'll
need a larger home, maybe now is the time to buy a bigger
house rather than moving or expanding in the future. If you
expect your income to increase, perhaps you should consider
a more expensive home financed with a loan program where
monthly payments increase in the future. Where
should you look? How
do you find a house? Regardless of your choice, it's important to target your search. By using basic measures such as general location and affordability, you can refine your search and focus on homes that offer the most desirable features. As a guide, you should maintain a file with information on each of the homes you like. You can print out listing pages from our site and then make notes for each one -- what you like, questions, REALTORŪ contact data, etc. |