So you’re thinking about buying a home? Homeownership is an exciting and smart investment that brings a sense of security and the freedom of having your own space. Here are some important things you’ll want to know before starting the process…
Buyers Typically Don’t Pay Their Agents
Many first-time homebuyers wonder how to pay their agent and are surprised to find out that they don’t! A homebuyer does not pay their agent. Typically sellers pay both the listing and selling agents commissions.
Know what you can afford
One of the very first steps in the home buying process should be getting pre-approved with a trusted lender. Especially in a competitive market, some sellers won’t even consider an offer that isn’t accompanied by a pre-approval letter. Ask your real estate broker for recommendations on a few lenders they have successfully worked with in the past. Your lender will work closely with you to figure out what you can truly afford. You may even qualify for more than you think! Even in a market that isn’t as competitive, knowing your budget is always a good idea and will give you confidence of knowing if your dream home is within reach.
Don’t be turned off by cosmetic faux pas
A funky paint color or questionable design choice can cause a buyer to overlook a home that’s otherwise a perfect fit. Most cosmetic changes are easy and affordable to do, and you’re probably going to want to personalize your new home when it becomes yours.. Instead of focusing on the pink tile in the bathroom or that outdated light fixture, pay more attention to the floorplan, view, location, natural light, and outdoor space.
It will probably feel like it’s never going to happen.
A typical residential real estate transaction should take anywhere from 30-45 days once an offer is accepted, but it’s probably going to feel like a lifetime. It is important to work with an experienced Realtor who will maintain realistic expectations and keep you updated every step of the way. Our clients have been pleased with our services and hope you will be too:
“Madison was the best part of our home buying process (other than our dream home of course)! I highly recommend Madison’s services, she was fun and professional during our home search, it felt more like looking at houses with and old friend.”
“Brittney is very knowledgeable in real estate matters. She always kept me updated, was easily accessible, provided honest advice at every step of the process, and worked very hard to make sure my loan closed on time. I would highly recommend Brittney to anyone who is looking for honest, hardworking real estate agent!”
Looking to learn more about the process and get all your questions answered?
Join Madison and Brittney and their guest speakers for an informal and FREE Hopeful Homebuyer Happy Hour on Thursday, March 23rd from 5:30-7:30pm. NYP Bar & Grill, 3702 S Fife St, Tacoma WA 98409. Visit the Facebook event page “Hopeful Homebuyer Happy Hour!” or contact Madison Basham at 831-601-5077 for more information.