Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you’re not familiar with all aspects of the process, and don’t have all the best information and resources at hand.
One of my specialties is representing the best interests of Rehoboth Beach, Dewey Beach, Indian Beach, Lewes, Milton, Georgetown and Milford area buyers throughout the home buying process. My comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.
If you’re like most people, buying a home is the biggest investment you will ever make. So whether you’re buying a starter home or your dream home, why not take advantage of my experience as a local market expert for Rehoboth Beach, Lewes, Milton, Millsboro, Harbeson, Milford, Georgetown, Dewey Beach to make the most informed decisions you can, every step of the way? I’m committed to being Your REALTOR for Life.
A FEW HELPFUL DO’S AND DONT’S
- DO take time to access and closely review your credit score. A sound financial track record and solid credit score can help lock in a loan and lower interest rates. Checking your records with a fine-tooth comb in advance will also ensure that you catch any errors ahead of time, as well as help you better understand how lenders may perceive you.
- DO explore mortgage pre-approval. A pre-approval will let home buyers know where they fall financially while informing the mortgage company that they are ready to buy. Additionally, getting this early go-ahead will help others involved with your purchase know that you are serious about home ownership – and well-qualified.
- DO line up your “all-star” Real Estate Agent beforehand. A team of experienced professionals is essential to making the home buying process simple and seamless. Select an agent who you “connect” with. That agent will also be able to help you identify suitable lawyers, mortgage lenders, home inspectors and others who play a role in the process.
- DO anticipate your future needs and buy for lifestyle. Try to anticipate how long you’ll live in your next home and plan for major lifestyle changes when possible. What may make a perfect starter home for some might not work as well when more family members come into the picture.
- DO hone in on your housing priorities. Your ideal home may have a porch, a pool and beach access. But before you start looking, make sure to separate your “must-haves” from your “nice to haves,” so you know where you can compromise to meet your budget.
- DON’T fall in love with the first house or neighborhood you see. That Traditional home with the white-picket fence may win your heart at first glance, but don’t fall in love too fast. You need to keep an open mind to make sure you find the right fit for all your needs.
- DON’T buy beyond what you can afford. It’s easy to fall into that all-you-can-eat attitude when it comes to your home purchase. You “want it all” when it comes to size, amenities, location, etc. But remember that your eyes may have a larger appetite than your wallet. Make sure that the down payment, closing costs, monthly expenses and taxes are truly within your income and savings range before you sign on the dotted line.
- DON’T treat your home the way you treat your stock portfolio. It’s unrealistic and unwise to expect your housing investment to appreciate as quickly as you’d hope for your high-risk bonds. Buying for lifestyle, as opposed to trying to turn a quick profit, will help ensure that you are viewing home purchasing and ownership in the right context.
- DON’T try to time the market. By the time most consumers sense a major real estate or financial market shift, the tables have typically already turned. Instead of waiting for a slim and unreliable window of time – and potentially missing out on the perfect home – buyers should focus on their own lifestyles and buy when the time is truly right for them.
- DON’T jump into an overly tempting or confusing mortgage. When it comes to downpayments and mortgages, if it sounds too good to be true, it probably is. Be sure to read carefully through every aspect of the proposed agreements to fully understand your end of the bargain. For instance, what seems like an attractive rate now may balloon exponentially a few years down the road.
- DON’T underestimate the value of a trustworthy, local Real Estate agent’s on-the-ground expertise. While being a savvy buyer and doing one’s homework will help on the road to home ownership, a local expert with years of negotiating experience, like Skip’s, is invaluable when it comes to scouting out the perfect home – and closing the deal.