How to Become a Jedi Master in the Search For Your Dream Home How to Become a Jedi Master in the Search For Your Dream Home

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How to Become a Jedi Master in the Search For Your Dream Home

Be Prepared to Act Quickly

Today’s market is a seller’s market. Inventory is low and we are seeing bidding wars, where the seller ends up selling for a higher price than the initial listing price. Following a few rules of thumb for this competitive market will help you to become a Jedi Master in the search for your dream home. It is advised that agents and homebuyers should be available as quickly as possible, so they can act quickly.  Buyers should be prepared to lose a few before they purchase the home they truly want.

Be Logical in your approach

Too often, first-time homebuyers are emotional and become attached to a less than desirable property. Spending the time to research the local market trends without reacting too quickly will surely help you to become savvy in the market and in turn actually become a Jedi Master in the search for your dream home. Purchasing a property should never be a rushed process. First time homebuyers should diligently research and utilize the advice from real estate professionals which can set the foundation for future real estate investments.

Communicate Clearly with your Agent

Tell your Realtor exactly what you are looking for, in the neighborhood you are looking in, so they can best help you find your dream home. The more specific you can be, the more your Realtor can be helpful. Remember, when they’re working for you in the market talking to other Realtors, they need to filter their search and refine their requests to narrow what is available.

Pre-approval is so important

In order to become a Jedi Master in search for your dream home you must first have the necessary liquidity for the down payment, have investigated and addressed any potential credit issues, and spoken to a mortgage company (preferably several) and obtained a pre-approval letter. This process will also help determine the maximum price you can afford, which obviously will help in focusing your search accordingly, and to be prepared to make an offer when you find your dream home.

Do your homework

Do a little research on your own.  If you have a question about whether a room is permitted or not, find out before you sign on the dotted line. Be proactive. Ask questions, check the internet and if possible, meet some of your potential new neighbors.  If you are viewing the property during the day, you may want to drive by in the evening. Take a different route to get to the home and check out the surrounding areas. Never, ever, forego having the home inspected, inspections reveal with your natural eyes cannot see.

 

Factor in All Housing Expenses

You have to calculate payments including property taxes, mortgage insurance, and other expenses like water, electricity etc. Get a number that you will be comfortable with so when the time comes to placing an offer, you are ready to go.

Your first home likely won’t be your last home

It’s hard to predict where our families, jobs, or lives will take us 10 years down the road. Look for a house that suits what you need now and for the next few years. It is so important to keep in mind the resale value of your home. School district is key in your search since the property value will only increase as demand for the perfect school district is in high demand when determining where to purchase. Heed this word of advice as one of the tips in becoming a Jedi Master in the search of your dream home and you will end up finding a home that works for you now, with the ability to sell for a nice profit giving you the ability to buy up down the road.

Follow the tips outlined here for a sure fire chance at becoming a Jedi Master in the search of your dream home.


Follow us on Facebook and Instagram!
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Subscribe to our YouTube Channel!
Revival Property Group
"Real Estate Solutions At Your Convenience"

Be Prepared to Act Quickly

Today’s market is a seller’s market. Inventory is low and we are seeing bidding wars, where the seller ends up selling for a higher price than the initial listing price. Following a few rules of thumb for this competitive market will help you to become a Jedi Master in the search for your dream home. It is advised that agents and homebuyers should be available as quickly as possible, so they can act quickly.  Buyers should be prepared to lose a few before they purchase the home they truly want.

Be Logical in your approach

Too often, first-time homebuyers are emotional and become attached to a less than desirable property. Spending the time to research the local market trends without reacting too quickly will surely help you to become savvy in the market and in turn actually become a Jedi Master in the search for your dream home. Purchasing a property should never be a rushed process. First time homebuyers should diligently research and utilize the advice from real estate professionals which can set the foundation for future real estate investments.

Communicate Clearly with your Agent

Tell your Realtor exactly what you are looking for, in the neighborhood you are looking in, so they can best help you find your dream home. The more specific you can be, the more your Realtor can be helpful. Remember, when they’re working for you in the market talking to other Realtors, they need to filter their search and refine their requests to narrow what is available.

Pre-approval is so important

In order to become a Jedi Master in search for your dream home you must first have the necessary liquidity for the down payment, have investigated and addressed any potential credit issues, and spoken to a mortgage company (preferably several) and obtained a pre-approval letter. This process will also help determine the maximum price you can afford, which obviously will help in focusing your search accordingly, and to be prepared to make an offer when you find your dream home.

Do your homework

Do a little research on your own.  If you have a question about whether a room is permitted or not, find out before you sign on the dotted line. Be proactive. Ask questions, check the internet and if possible, meet some of your potential new neighbors.  If you are viewing the property during the day, you may want to drive by in the evening. Take a different route to get to the home and check out the surrounding areas. Never, ever, forego having the home inspected, inspections reveal with your natural eyes cannot see.

 

Factor in All Housing Expenses

You have to calculate payments including property taxes, mortgage insurance, and other expenses like water, electricity etc. Get a number that you will be comfortable with so when the time comes to placing an offer, you are ready to go.

Your first home likely won’t be your last home

It’s hard to predict where our families, jobs, or lives will take us 10 years down the road. Look for a house that suits what you need now and for the next few years. It is so important to keep in mind the resale value of your home. School district is key in your search since the property value will only increase as demand for the perfect school district is in high demand when determining where to purchase. Heed this word of advice as one of the tips in becoming a Jedi Master in the search of your dream home and you will end up finding a home that works for you now, with the ability to sell for a nice profit giving you the ability to buy up down the road.

Follow the tips outlined here for a sure fire chance at becoming a Jedi Master in the search of your dream home.


Follow us on Facebook and Instagram!
&
Subscribe to our YouTube Channel!
Revival Property Group
"Real Estate Solutions At Your Convenience"

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