How Does the Home Search Process Work?

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What happens during the home buying process?

It all starts with the home search. When you give your agent your search criteria and price point, they will set you up directly on the MLS. Once you get those listings, you can either heart them, move them to trash, or put a question mark on them. Your agent will see those hearts, map out the listings, and book showings for you.

After you narrow the list down to a few properties, your agent will meet you directly at the first property with a color copy, a map, and some additional information on the home so that you can get to house hunting.

Thanks to the Internet, there are a lot of homes for you to look at. It’s important to keep in mind what you need in your home when you look at properties. For example, do you want to live in a safe neighborhood for your kids? Keep in mind that there are certain things you cannot change in your home. You can always get a new fridge or oven, but you can’t change your view.

Trust your intuition. If you walk into a home and it doesn’t feel right, that’s fine. You want to walk into a home and say, “Wow, this is it!”

You should also trust your Realtor to send you properties. You can’t trust a lot of the websites out there. Sites like Zillow and Trulia are sometimes subject to false listings. If a listing seems too good to be true, it probably is.

 

Communication is a key part of your relationship with your agent.

 

Now, you’re not the only buyer out there. All buyers want an open floor plan, a kitchen with granite countertops, and a beautiful yard. Chances are that when you see the perfect home, it’s also the perfect home for another buyer. It’s important to come prepared. Have your pre-approval in hand and all of the funds you need ready to go in your bank.

Communication is a huge part of the buyer and real estate agent relationship. The more you can connect with your agent, the more we can learn what you are looking for in a home.

When you are out looking at homes, you might want to bring the kids and the dog along. However, we recommend that you make arrangements for the kids to stay at home and play with friends. Then, once you find the perfect home, you can bring them back and let them pick out their rooms. That way, you can have a productive day of home searching. Start the day with a healthy breakfast and make sure to bring some water and snacks along with you.

Finally, here are a few tips about financing your home purchase. It is incredibly important that you get pre-approved before you start looking at homes. Here are our five top tips for financing your home purchase:

  1. Keep all of your money stable. Don’t move large sums of money around during the pre-approval process or after you make an offer on the home.
  2. Keep paying your bills on time. One 30-day late fee can dramatically affect your pre-approval and can even result in a higher interest rate.
  3. When in doubt, ask your Realtor or Lender.
  4. Don’t buy anything big during the pre-approval process or the escrow period. Avoid buying boats, cars, or furniture.
  5. Know your price point and stick to it.

These are just a few of our top tips to help you during the home search. If you have any other questions about the home buying process, please don’t hesitate to reach out to us. We would be happy to help you!

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