Buyers

Here's what you need to know about buying

Robert has comprised his top ten list of essential tips when buying a new home. Whether it is your first home-buying experience or even if you are a cagy home-buying veteran, it is important to remember these buying tips while you are signing the dotted line.

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Robert Speer

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Robert Speer's Keys to Buying a Home

Get Educated - Robert's Top Ten Tips on Purchasing a Home

1. Get Pre-Qualified:

It is very important to get pre-qualified by a reputable lender. This will allow you to focus on properties that are in your price range. Focusing on the right properties will save you time and prevent you from being disappointed if you fall in love with a property only to find out that you cannot afford it.

2. Contact An Agent:

Finding a "reputable" real estate agent that is familiar with the neighborhoods, homes, and local environment in which you wish to live is very important. Your real estate agent should be able to give you sound advise on value, quality, property taxes, local schools, local politics, local crime, etc. Choosing the right agent can save you time & money both in the short-term and long-term.

3. Research:

Today many buyers will search for there properties online prior to setting up showings. By utilizing edinarealty.com you can save time & money by refining your search and ruling out homes that do not fit your criteria prior to viewing these homes with your agent.

4. Limit Your Daily Search:

When viewing properties with your agent it is important that you do not overload too many properties into one days viewing. Buyers that view too many properties at one time tend to blur out many of the properties. Typically you remember the first home & the last home and nothing in between. We recommend that you limit your daily viewing to no more than 5-8 properties.

5. Know Where You Want To Live:

Know where you want to live. Focus your attention on the homes in the area that you have chosen to live and/or raise your family. Searching many locations can get confusing and take time and money. First, decide on the location and then decide on the home.

6. Select The Best Home:

Be sure that when you are ready to write an offer to purchase on a property that you are doing it for the right reasons. Many times buyers will choose their new home based solely on price, and after closing will end up regretting the purchase. Make sure that the home you purchase is the right one, and then let your agent negotiate the best price.

7. Make The Right Offer:

It is important to consult with your agent to determine what the best starting point for your offer. We all want to get the best price, but it is also important to equate price with value, and to not insult the seller. Many buyers do not get the home they really want, in the location they really, at a good price because they write an offer that is too low and they end up insulting the seller, and thus settling for a second or third choice.

8. Get A Home Inspection:

It is important that you have a licensed inspector go through your future home prior to acceptance to determine that you are not buying a "lemon". We as agents and you as buyers can only look at the surface of the property, but just because it looks good does not mean that it is. A home inspection can save you a lot of time, money and heartache.

9. Get A Home Warranty:

Edina Realty has a wonderful home warranty program that will protect you as a buyer from the time you get your offer accepted to multiple years after closing. These warranties can warrant the appliances, roof, mechanicals, etc.

10. Do A Final Walk-Through:

Always do a final inspection, with your agent, a few days before closing to make sure that the property is in the same condition as when you agreed to buy it.