BUYER'S GUIDE
Searching for a Home
OK, this is where the fun begins! Actually looking at homes
for sale.
If you choose to buy a property directly from a "For Sale By Owner", the home seller may reduce the price by the 2-3% which would have been paid to a buyer's agent. It's a very good idea to protect yourself with a real estate attorney. Choose your attorney before you start shopping for a home, because it's too late for legal advice after you've already signed a contract.
Beginning your home search
Become familiar with the area where you're considering buying in order to determine if it meets your needs (e.g. near a park, shopping, public transportation, etc.) Drive around. Attend open houses. Talk to friends and colleagues. You may want to select two or three neighborhoods to broaden your options.
It may also be helpful to take photos of each of the home's you're interested in. Make personal notes on the back. This will help you stay organized and remember what you've seen.
You may also want to create a profile of the home you're looking for in your next home.
- Goals - why are you buying a home?
- Features - what you need vs. what you want?
- Location - is it close to work, in a particular school district, near shopping, etc.?
- Style - what type of home fits your needs, lifestyle and taste?
- Lot - what is the size? What does it feature (wooded, fenced in, etc.)?
- General condition - is it in good shape?
- Neighbors - try to get an idea of what kind of neighbors you will have.
- Taxes - verify taxes and any current assessments on the home you're considering buying
Proceed to the next section of the Buyer's Guide - Making an Offer
