12 Weeks to Homeownership – Week 3
Shopping for a Home
Welcome back! If you’re watching this, you deserve a pat on the back – a BIG pat on the back – for setting your goals, getting your loan pre-approved and hiring a real estate agent.
So, now, here we are in week 3, the fun part!
This is house-hunting week!
Shopping for your home can also be stressful – keep that in mind. Make sure you keep an open mind during the process. It’s very unlikely you’ll trip upon the perfect home in the right neighborhood with great curb appeal, the size of the home being perfect, paint colors, flooring, kitchen design, etc., but as we talked about in week 1, there will be compromises to be made.
Paint colors can be changed. You can swap out appliances down the road. Decks can be added. Landscaping is always a work in progress.
Now, most people like to make their home their own and reflect their aesthetic and lifestyle. That’s just a reality.
The things you can’t change are the location, the size of the lot, and usually the size of the home.
But if you end up loving a home that has carpeting instead of the wide plank hardwood you had your heart set on, have a plan to set aside the funds to get that done if it’s really important to you.
Your realtor is probably setting appointments for you to spend every opportunity glued to realtor.com looking at homes. If you aren’t seeing what you’re looking for, resist adding another $25,000 in your price range, unless it’s in your budget or you have been pre-approved for that amount.
Pretty soon – it happens to all of us – the details of each home start running together and you can’t remember which had the garden shed, the wine cellar, or the great playroom.
Here’s my solution: keep a journal and take pictures.
Your agent will also work hard to try to show you homes in your price range and within the neighborhoods you desire.
Even if you fall in love with the first or second home, take a look at a couple more. Be ready to make an offer if you find a home that feels right.
Now, this is a fast housing market that we’re living in right now. That means that homes are selling at record rates.
Once you’re confident in your decision, talk it out with your agent. You will hire your realtor for their experience and their knowledge of the local market. You can also write a letter to the sellers about you, your family, and why this home should be your home. Do whatever you can to make your offer successful.
Funding the house that feels like your home, may take a week or it may take a few weeks. Please be patient, stay positive, and have some fun with it! Most of all, don’t get discouraged and keep looking.
We’ll continue on next week and remember – our Folsom mortgage team is here to answer any questions you may have! Don’t hesitate to give us a call at (916) 985-3200.