Vital Tips for Homebuyers




 Favorable home prices, low interest rates and big tax incentives from the federal and state governments present a golden opportunity for buying a home - one of the most important decisions your family will ever make. And with so many options available in today’s market, doing your homework is essential if you’re to find and buy your dream home.




 Find a real estate agent you can trust.

It is critical that your agent is both skilled and a good fit with your personality. REALTORS distinguish themselves as members of the nation’s largest trade association, adhering to a strict Code of Ethics and Standards of Practice. A knowledgeable REALTOR is a tremendous resource for purchasing the home you want at the best price with minimum hassle or stress.



Don’t play a waiting game


If you find the home you want now, don’t try to second-guess the interest rates or the housing market by waiting. A good home will not stay on the market long. 



Don’t drown yourself in opinions. 

It is natural to want reassurance for such a big decision, but too many ideas from too many friends and relatives will make it much harder for you to make a decision.


List your priorities No house is ever perfect, so focus on the things that are most important to you and let the minor ones go. Don’t get so caught up in the physical aspects of the house itself (room size, kitchen etc.) that you forget such issues as amenities, noise level, schools, or traffic that have a big impact on what it is like to live in your new home. Decide in advance what you must have, so you are prepared when you have the chance to make an offer.



Bid competitively

You naturally don’t want to open with your highest possible offer, but at the same time don’t gamble with a “lowball” bid. Even in a buyer’s market you can easily lose the house you really want. Negotiation is part of the real estate process, but buyer and seller both have to be realistic. This is where I specialize.



Keep contingencies to a minimum

Restrictions such as selling your home before you move or delaying until a certain date can make your offer unappealing.



Get pre-qualified and approved for mortgage now

And while you are at it, investigate insurance availability and consider a schedule for moving. Do this BEFORE you choose a home and make an offer. This allows you to make a firm commitment to buy and makes your offer much more desirable to the seller.




Know how much money you’ll really need. 

Factor in maintenance and repair costs to your post-home buying budget. Even if you buy a brand new home, there will be some costs.



Beware of buying frenzies

Don’t get caught up in a bidding war – the goal is to get the house AND the deal you want. And even though you want to make your offer attractive, don’t get neglect inspections that help ensure that your house is sound. I will guide you through this process.



Choose a home because you love it.

Then think appreciation. After all, you’re going to live there. A home’s most important function is as a comfortable, safe place to live. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.




Haryl S. Pascal


(408) 505-6429