Are you a first-time homebuyer? Or maybe searching for a home that better suits your needs? It’s such an exciting time for you and is a big decision. When I purchased my first home, my agent was incredible! Her knowledge, flexibility and attention to detail made a world of difference.
If you are looking to purchase a new home, here are my top five recommendations to being prepared:
1. If you are renting, be sure to check with your landlord on your lease details. It’s important to pay attention to move-out dates and any penalties for early termination or damages. Be sure to give your landlord proper notice as well as a forwarding address.
If you own a home, get it on the market before you start to look for a new home. The market is hot in Nashville, and you may lose your chance at your dream home if you aren’t ready to make an offer due to current mortgage holdings.
2. Meet with a reputable lender to discuss mortgage requirements and get a pre-approval letter. This will prepare you for the financial commitments and frame your ideal price-range. Pre-approval letters are critical when making an offer and can be the difference between a seller taking you seriously or not.
3. Make a wish-list. Do you have children who are in school? What kind of square-footage are you looking for? Do you need a guest bedroom? Do you want a big yard? Create a list of must haves, and think about the maintenance of your dream home. Decide on which wish-list items you are okay with compromising on for others in the event that you can’t get everything you want.
4. Find a realtor you trust. Know that your real estate agent will handle all the details of the purchase from the home search to the closing table and everything in between. You should have a connection with your agent and they will have your best interests in mind.
5. Not everything on the internet is true. Popular sites like Trulia and Zillow are great to casual searches, but are often outdated. The market changes daily and your agent’s job is to be the expert on what is a fair price and good neighborhood. If you like to browse on your own while your agent looks for you, ask them to recommend a site that is more current.
Your home search should be enjoyable, so don’t let the stress of a big decision bring you down. I’d love to chat with you about your real estate needs and see if we connect. I service Middle Tennessee, including Davidson county, Williamson county and all surrounding areas. Feel free to give me a call or send me an email!
Jan Small-Beth, ABR
Zeitlin & Co., Realtors