HOME BUYERS - KNOW WHAT YOU WANT vs. WHAT YOU NEED

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Real Estate

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.

If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new home buyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.

Do you really need that farmhouse sink in the kitchen in order to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams be a future renovation project instead of a make-or-break right now?

The first step in your home buying process should be to get pre-approved for your mortgage. This allows you to know your budget before you fall in love with a home that is way outside of it.

The next step is to list all the features of a home that you would like, and to qualify them as follows:

‘Must Haves’ – if this property does not have these items, then it shouldn’t even be considered. (ex: distance from work or family, number of bedrooms/bathrooms)


‘Should Haves’ – if the property hits all of the ‘must haves’ and some of the ‘should haves,’ it stays in contention but does not need to have all of these features.

 
‘Absolute Wish List’ – if we find a property in our budget that has all of the ‘must haves,’ most of the ‘should haves,’ and ANY of these, it’s the winner!


Bottom Line


Having this list fleshed out before starting your search will save you time and frustration, while also letting me know what features are most important to you before we get started viewing houses in your desired area.

 

Lamont Hyde

TMG Home Loans

Your Path to Home Ownership

562-968-7004

lamonthyde@gmail.com

BRE 01863312 / NMLS 1478632

 

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"THINGS TO CONSIDER WHEN BUYING A HOME"