PATIENCE IS A VIRTUE
February 18th, 2010 categories: Buying, Market Trends, Selling
You are all probably bored to tears with my constant entreaties to buy now and use the tax credit. I am sure that you should BUY NOW–carefully and patiently. Especially if you are a first time-buyer–be patient. Don’t buy on impulse. Blessedly, for buyers these days there is enough inventory that you don’t have to buy on the spot. This isn’t the greatest picture for sellers–and that’s just fine. Here are some ideas that might help you with your home purchase. What they amount to is patience and education.
- Do some preliminary searching on line–to help you understand what is out there. This will not give you a thorough understanding of your market–that is your Reactor’s job.
- Even if you “fall in love” with a home, don’t buy it the first time you look at homes.. This sort of purchase seldom turns out well–take your time.
- Be sure you are working with an experienced agent who knows well the area that you find most desirable.
- Let that agent educate you about the neighborhood or building that suits you best.
- This education doesn’t have to take a long time–you can probably feel comfortable with the market and the area in just a few times with your Realtor.
- Have your pre-approval in order.
- Go over closing costs with your Realtor–they do add up and can influence how much you can spend on a home.
What will such an “education” do for you?
- You will know the perfect home when you see it.
- You will have your financing in order along with a realistic idea of what you can afford, including closing costs.
- Let your Realtor help you with setting a beginning purchase price and with advice about counter-offers–after all you chose this person because you felt they were going to do a good job for you.
- Buy that wonderful home and enjoy it knowing you did a good job.
Other articles that might help you:
This entry was posted on Thursday, February 18th, 2010 at 1:30 pm and is filed under Buying, Market Trends, Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Patience and education position you to take advantage of the opportunities. As always, you are right on Ruth!
Aloha,
Keahi