Everything to Consider as You Begin House Hunting

Posted by Emily Coombs on Thursday, April 7th, 2022 at 1:30pm.

Entering the housing market as a buyer can be intimidating, especially if you’re searching in a seller’s market, where there’s little stock and many interested parties. Between choosing your REALTOR®, financing, actually looking at houses, and the bidding process, there are many factors to consider and learn about as you begin your house hunting journey.

This journey begins with partnering with a realty company to help you navigate the entire process. Having an expert in real estate by your side can help you to narrow down the listings that are right for you. Plus, professionals can help buyers better understand the legal aspects and necessities of buying a home. Some reasons why you should work with Heart of Montana Realty include our experience and our team's knowledge of the area.

Next, it’s important to fully understand the financial impact of house hunting. If you’re serious in this pursuit, one of the first moves you should make after ensuring that you are in good financial standing to proceed with such a purchase is to get a preapproval. Taking this step is beneficial because it allows you to look at houses you already know you can afford, and also allows you to put a bid in faster and with more confidence. Some sellers, especially in such a competitive market, will actually require a preapproval to enter a bid.

As you begin to actually look at potential homes, it’s important for you to have some idea of what you’re looking for in mind. This will help you to eliminate anything that doesn’t match up with your ideal home. Consider the school district, type of neighborhood, what a commute to work would look like, and proximity to family and friends. It’s also important for you to search for the correct size home for your lifestyle, which is also known as right-sizing. By thinking about these factors now, you’re eliminating the need to move again if the house doesn’t fit your needs.

When looking at houses, it’s easy to be starstruck and see all of the possibilities before you. But, it’s important for you to remove your rose-colored glasses and see the house for what it is. This includes being able to recognize any real estate red flags that may pop up in your search. With that being said, if you’re unable to spot red flags, it’s still very important for you to schedule a home inspection before completing the purchase. As the buyer, it’s your responsibility to schedule and pay for the inspection; however the seller can be responsible for any necessary repairs uncovered during the inspection which could save you a significant amount of money.

Deciding you’re ready to begin house hunting is exciting yet intimidating. Remember, this is a big milestone for you and you should make the most of it. Lean on the expertise of professionals to help you fully understand the intricate details and steps ahead of you. Having a basic understanding of some of the considerations you need to make can help make this time less overwhelming and intimidating.

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