Top Home Searching Tips

In today’s housing market, low inventory dominates many conversations in Prescott and many areas of the country. With less inventory available, this increases the need for preparation for homebuyers when a house becomes available. Without preparation, you may miss out on a great opportunity. To help out, we have summarized five tips from Realtor.com’s article, “How to Find Your Dream Home—Without Losing Your Mind.”

1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you’re serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage. Even if you’re in a market that is not as competitive, understanding your budget will give you the confidence to know whether or not your dream home is within your reach. Being pre-approved will help you avoid the disappointment of falling in love with a home well outside your price range.

HOW TO MAKE A DOWN PAYMENT POSSIBLE

2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’

Do you need a large kitchen island to be happy with your home choice? Would a three-car garage be a convenience or a necessity? Before you search, list all the features of a home you would like. Qualify them as ‘must-haves,’ ‘should-haves,’ or ‘absolute-wish list’ items. Taking time to recognize your priorities at this point in the process will help you stay focused on what’s most important.

3. Research and Choose a Neighborhood Where You Want to Live

Every neighborhood has a unique charm. Before you commit to a home based solely on the house itself, take a test drive of the area. Make sure it meets your needs for included amenities, how far is the commute to work or school, look at the school district, check out the neighborhood noise, and survey the traffic. 

HOMES FOR SALE IN PRESCOTT

4. Pick a House Style You Love and Stick to It

Evaluate your family’s needs and settle on a style of home that will best serve those needs. Just because you’ve narrowed your search to a zip code doesn’t mean you must tour every nearby listing. For example, if you need all your bedrooms on the same level, avoid two-story homes that don’t meet those criteria. If you don’t want to spend time working in a yard, avoid touring homes with large yards and high maintenance. 

5. Document Your Home Visits

Once you start touring homes, the features of each home will begin to blur together. Having a journal or notebook to organize your thoughts and comments for each house would be helpful. Keep your camera handy and make notes to document what you love and don’t love about each property you visit.

Being prepared is your best advantage. Get your ‘must-haves’ and ‘must-nots’ ironed out, check with the mortgage company, and of course, enlist the help of a realtor (like me) to research homes that meet your criteria.  

When you are ready to start searching for a home, call me, and I will put my resources to work.

Dena and Dave Plane

(928) 830-6976