The process of buying a home is both stressful and exciting. Things often become even more stressful when shopping in an area as competitive as Connecticut. Whether you’ve bought houses before or you’re shopping for your first home, here are some house-hunting tips from licensed real estate agents.
Get your preapproval first
Few things are more disheartening for homebuyers than falling in love with a home only to find out they can’t afford it. This is why it’s essential to get a preapproval letter from a licensed mortgage lender before you start shopping. In addition, some real estate listings require preapproval letters before potential buyers can view the home.
Choose a real estate agent
In most states, home buyers can work with a real estate agent for no charge. In addition, real estate agents that represent sellers receive a portion of the selling agent’s commission, which means that homebuyers receive free representation. This is especially helpful during the negotiation process.
Making your wish list
While it’s essential to find a home that fits within your budget and one that you find aesthetically pleasing, there are other factors to consider. If you have children, what kind of school district is the home in? Is the house in a safe neighborhood?
Before you start shopping, you should list things that matter to you in a home. Have some non-negotiables and some things that you’re willing to settle on.
Leave yourself some wiggle room
When you get your preapproval letter, you will know how much money you can spend on a home. However, you don’t have to pay all that money. Leaving yourself some room in the budget is a fantastic way to relieve yourself of some financial stress.
Buying a home is stressful and rewarding. Remembering these tips can help alleviate a lot of that stress.