Written by: Patti Nardone
As a buyer, there are many things you should know before you start your home search. Above all, know this: There is no perfect home. You are going to have compromise.
Prior to heading out the door, it’s a good idea to put together a wish list of items that are really important to you and anyone else involved in this decision. It will help you stay focused. Whether it’s a two-car garage, air conditioning, or a good-sized backyard, you need to be in agreement. The home-buying process can be an emotional roller coaster. If you are in agreement on what is important, things will go much more smoothly.
In New England you will find very few homes that are move-in ready. Many are dated, so be prepared to lower your expectations a bit. What’s most important to consider is a home’s living space. Things like kitchen size, areas to entertain, and the flow of rooms will be key. Think about where you will spend most of your time once you move in. If a home has good living space, anything is possible. You need to look beyond the blue shag carpet and floral wallpaper. These are relatively easy fixes, but lack of space can be a deal breaker.
Once you’ve found a house you like, you still have a ways to go. Be prepared for battle; you may have to fight for it. If you think a house is great, other buyers probably do, too. Your offer must really stand out. Multiple-offer situations are prevalent, and you could be competing with anywhere from two to 15 buyers, maybe more. This is why having a buyer’s agent is essential. He or she will guide you through this process. There are very deliberate and strategic ways to position your offer to set you apart from the rest of the pack. From dropping contingencies to including an escalation clause, you will need every weapon in your arsenal if you really want that house.
Although securing the house is key, there are additional hurdles. Your buyer’s agent will help you find a dependable lender, a great home inspector, and other service providers necessary for a smooth transaction. And don’t forget to visit town hall. If the proper permits weren’t issued and inspections done, you may find that structures such as decks, sheds, or garages on the property may not be legal. If a pool is important to you, make sure there are no wetlands to prevent you from putting one in. Caveat emptor this is your responsibility as a buyer to research.
Being aware of all these things will allow you to go into your search with your eyes wide open, reducing your stress and the chance for surprises along the way. In the world of real estate, any surprise is probably not a good one.
For more information or to contact Patti Nardone and her team of realtors, visit http://www.marjoriesells.com or call (781) 941-0468 today!