House Hunting Tips for Success

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Buying a home is an exciting time! Interest rates remain at historic lows, and the market has recovered nicely – making it a great time to purchase a home. The process is exhilarating and exhausting all at the same time. There are emotional highs and lows as you search for houses, go through the offer and negotiation process, and work with your lender toward your closing. Here are some basic tips to help you avoid getting overwhelmed, and to be in the best position you can be when you are ready to make an offer.

House Hunting Tips:

  1. Location: consider your commutes, convenience of amenities you enjoy, and the importance of schools, emergency services, etc.
  1. Have a list of Musts and Wants and Deal Breakers. Remember, you might be able to add Wants later. This list will be invaluable to keep you honest with yourself as the excitement and emotions of home buying comes over you. Use this as a checklist when you look at properties.
  1. Do your own research. Today’s internet is full of information and resources. There are mortgage calculators to help you decide a realistic price-point, neighborhood statistics and information, and of course all the homes for sale you could ever want! Start surfing and educate yourself.
  1. Get pre-approved for a mortgage. Find out what loan products are available to you, and what you can afford. Being ready with a pre-qualification letter makes you much more interesting to a seller in a competitive market!
  1. Be sure you are ready. House-hunting is a challenging and sometime frustrating process. If you really aren’t going to be ready until your oldest graduates next spring, or you really need to save a little more money or pay off debt, then wait.

Of course, partner with an agent you feel comfortable with, who listens to you, and can help you navigate this very important decision! We hope you will contact us so we can show you how we can help you find the home of your dreams!

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Morrison Real Estate 158 Danforth St., Portland, ME 04102

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2017 Maine Real Estate Information System, Inc. All Rights Reserved.

© Morrison Real Estate 2017. All rights reserved. Much of the information and data contained herein has been gathered from third parties and although deemed reliable should be verified by the buyer and/or the agent prior to purchase. Any information or data that is critical to your buying decision should be independently verified. All dimensions are approximate and not guaranteed.

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