Ready to begin your home search?
Searching for a new home can bring on all sorts of emotions: Excitement, Nervousness, Financial Anxiety…
I know you have already hopped online and starting day dreaming as you scroll through listings online. I want you to maintain that excitement, but I also need my buyers to keep their business hats on. We will begin with a phone call so that I can explain the current market conditions and prepare your expectations!
The number one question I receive from Home Buying clients is: “We are ready to buy a house, but how do we start the process?” Seems so simple, but most buyers want that checklist of tasks to get them going. Here are some basic starting points:
Step One is to contact a lender to review your finances and obtain a pre approval letter. I personally prefer when clients use local lenders and work with someone who preliminarily reviews their finances before issuing a pre approval letter. I’m not a huge fan of letters that are spit out from an automated system.
Step Two is to narrow your search online. I set all of my clients up with a Compass Collection, which is an online platform exclusive to Compass clients.
Step Three is to schedule tours.
80-10-10 Rule: We are looking for a property that hits 80% of your Must Have list. Then the property should have 10% of your list that can be accomplished with some updates or renovations. The final 10% is what you are willing to let go. It’s rare to find a house that hits 100%, so if you look for an 80-10-10 house, it’s a home run!
Once we find that 80-10-10 property… we will walk through the offer process.