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4 Things to Keep in Mind When Buying Your First Home

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The real estate market is finally recovering after the long recession – homes all over Hamilton County are beginning to sell, and fast. Millennials are becoming financially steady enough to make the big leap into becoming homeowners, but often don’t know where to start when it comes to the home buying process. Before starting your first home search in earnest, there are some things you should keep in mind.

 

Do Your Prep Work With Time to Spare

 

Many parts of the home buying process take time – and lots of it. You’ll want to get the time-intensive portions of your work squared away well before your home search proper even starts. For example, you’ll want to get a full credit report to see where your records stand at least half a year before you start searching. This not only will give you plenty of time to clean up and boost your score, but will help you in finding a lender that can provide you the best deals on home loans. You don’t want to be scrambling to get this done while your dream home hangs in the balance.

 

Always Commit to Your Search

 

Buying a home takes time, and it’s all too easy to lose momentum during the long weeks of waiting for this or that letter to make its way through the mail. Remember to always keep your eye on the prize, and don’t forget that you’re working on a long-term investment that will benefit you for years and years to come. To keep focused, stay in regular contact with the professionals that are helping you with the process, and set calendar milestones for motivation – three months and counting until the hunt begins!

 

Don’t Bid Blind

 

Just walking into a home and liking what you see isn’t quite enough. You’ll want to get the full story on the home’s history, its performance on the market, and even about why the sellers are selling: all this information will give you the bigger picture on your purchase, and will help you make a shrewder and more competitive bid. A great real estate agent has the tools and expertise to give you a full report on a given home and your local market, and is invaluable assistance. They’ll be able to tell you if a given home has been languishing on the market for months, with its sellers desperate to pass it off on the best bidder they get, or if you’ll be knocking heads with dozens of other hopeful buyers, with the sellers able to select the highest bidder at their leisure.

 

If at First You Don’t Succeed, Try Again

 

Even with the best tools at your disposal and a great agent on your side, real estate deals can and do fall through. It’s completely normal to put in a losing bid on the first home you look at, or even the third – it’s a competitive world out there, and real estate is rapidly becoming more and more of a seller’s market by the day. If you lose out on winning one bidding war, don’t be discouraged, and just move on to the next. You’ll find the home of your dreams with persistence.

 

Homeownership should be worn like a badge of pride, and a great real estate agent can help you earn it – whether you’re a first-time buyer or a veteran homeowner looking for something new. Ask a drab to fab real estate agent for the hottest local offerings, and you’ll be able to settle into a beautiful, cozy autumn in your new Hamilton County home.