Buying a home will probably be the most important financial decision you will make in your life – if that doesn’t put the pressure on to get it right, we don’t know what does! Unsurprisingly, home-buying will stir up some serious stress – which just isn’t good for anyone making a big decision.
Even in a competitive market like South Florida’s, you can still get ahead of the curve and alleviate any built-up stress with a sound strategy, an experienced realtor, and a few key items in-place.
Find the Right Realtor
Anyone in the market for a new home can benefit from hiring an experienced realtor, especially first time home-buyers. Realtors are going to save you a lot of time, stress, and potential mistakes.
Take the time to find a realtor who understands you and your needs. While there may be more realtors than residents here in Miami (IYKYK), there are some that are going to be better suited for your particular needs.
Look for someone who is well-versed the areas in which you want to start your search as well as someone (or a team of agents) who work full-time in real estate and can dedicate the extra effort you deserve.
Don’t be afraid to ask for recommendations and interview multiple realtors. Usually, the best realtor for you is the one that feels right.
Get Pre-Approved for a Loan
If you need a loan, getting pre-approved before you start your search can give you the confidence and reassurance you need while looking for a home. The last thing you want is to fall in love with a home and later find out you can’t afford it. Not to mention having a pre-approval letter in hand when you make an offer on a home can give you a leg up and avoid any waiting time in the process.
Plan Ahead for Your Down Payment
When buying a house, having a sizeable down payment can play a big role. A larger down payment can help you set a lower monthly loan payment because you are borrowing less. It can also give you a competitive edge in a market that is full of potential buyers. When you plan ahead to save and know just how much you plan to offer as your down payment, it can negate some of the stressors that come about when you feel the pressure to finalize an offer on a home you really love.
When it comes to buying a home, it’s most about ensuring you find the house that makes you feel like its where you belong. When you’re ready – we can help get you there.