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Wednesday, November 2, 2011

Tips for a First-time Home Buyer Part 2

Tips for a First-time Home Buyer Part 2

How Long Should It Take to Buy Your First Home?
In seller's markets, it can take as little as one or two homes.  A motivated buyer will find a home within two weeks. Most of my buyers find a home within two days.
A good real estate agent will listen to your wants and needs and arrange to show only those homes that fit your particular parameters. Your agent should preview homes before showing them to you as well. With the advanced search software we have at our finger tips these days we can narrow down the number of homes that match your search criteria very quickly thus eliminating the time spent looking at homes that do not fit your needs.
How Many Homes Will a Home Buyer See?
Studies show that your memory dramatically improves after consumption of carbs and slows upon consuming sugar. So, lay off the soft drinks and have a hearty meal of carbs before venturing out to tour homes. The average number of homes that I show to a buyer in one day is five. Any more than that, and the brain is on overload. Therefore, don't expect to see 20 or 30 homes; although it's physically possible to do so, you probably will not remember specific details about any of them.
The "Red Shoes" Experience for a Home Buyer
Women will relate to this. Say, you need a new pair of red shoes. You go to the mall. At the first shoe store, you find a fabulous pair of red shoes. You try them on. They fit perfectly. They are glamorous. Priced right, too. Do you buy them? Of course not! You go to every other store in the mall trying on red shoes until you are ready to drop from exhaustion. Then you return to the first store and buy those red shoes. Do not shop for a home this way. When you find the perfect home, buy it.
How a First-Time Home Buyer Can Rate Inventory
Bring a digital camera and begin each series of photos with a close-up of the house number to identify where each group of home photos start and end. Take copious notes of unusual features, colors and design elements. Pay attention to the home's surroundings. What is next door? Do 2-story homes tower over your single story?
Do you like the location? Is it near a park or a power plant? Immediately after leaving, rate each home on a scale of 1 to 10.
View Top Choices a Second Time Before Buying That First Home
After touring homes for a few days, you will probably instinctively know which one or two homes you would like to buy. Ask to see them again. You will see them with different eyes and notice elements that were overlooked the first go-around.
At this point, your agent should call the listing agents to find out more about the sellers' motivation and to double-check that an offer hasn't come in, making sure these homes are still available to purchase.
Making the Selection To Buy a Home
As a Realtor® I generally know which home a buyer is going to choose, But I make it a practice not to steer buyers, and I insist that buyers choose the home without interference from me. It's not my choice to make. Real estate agents are required, however, to point out defects and should help buyers feel confident that the home selected meets the buyer's search parameters.

This blog post is provided to you by Your Frisco Realtor® of
Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, REALTOR®, GRI, e-PRO
Mi Casa Es Su Casa International Properties
Global Reach - Local Knowledge
Cell / TXT 469-556-2393
Broker: JP & Associates REALTORS®
6136 Frisco Square Blvd suite 400,
Frisco, TX 75034

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