Do You Need a Property Buying Plan?

by Marc Gottesdiener 07/28/2019

If you want to enjoy a seamless homebuying experience, it generally is a good idea to establish a property buying plan. That way, you can take a step-by-step approach to make your homeownership dream come true.

As you prepare a homebuying strategy, there are several factors to consider. These factors include:

1. Your Dream Home Definition

There is no one-size-fits-all definition of a dream home. Instead, this definition varies from buyer to buyer. But if you define your ideal residence, you can narrow your house search accordingly.

Think about the features you require from a home. For instance, if you want a house that offers multiple bedrooms, you can search for residences that provide you with the space you need. On the other hand, if you want a home that boasts a deluxe swimming pool, you can search for a residence that offers this feature.

Consider where you want to reside, too. By doing so, you can search for homes in a select group of cities and towns.

2. Your Homebuying Budget

You likely have only a finite amount of money that you can spend on a residence. Thankfully, if you establish a homebuying budget, you can search for houses that fall within your price range.

Oftentimes, it helps to meet with banks and credit unions before you start a house search. These financial institutions can teach you about a broad array of home financing options.

Don't hesitate to discuss your home financing options with a variety of banks and credit unions, either. If you check out myriad home financing options, you can select a mortgage that complements your finances perfectly.

3. Your Homebuying Timeline

You may want to create a timeline for buying a house. With this timeline in place, you will know precisely how many days, weeks or months you have to find and acquire your dream residence.

If possible, you should maintain a flexible homebuying timeline. There is no telling when problems may arise as you search for your dream house. And if your homebuying timeline is flexible, you can adjust it at any time.

For those who want to streamline the homebuying journey, you may want to employ a real estate agent as well. This housing market professional will go above and beyond the call of duty to help you find a great home at a budget-friendly price. Plus, he or she can offer expert guidance as you craft a property buying strategy.

Also, as you navigate the homebuying journey, a real estate agent will respond to any concerns or questions. Perhaps best of all, a real estate agent is happy to provide homebuying tips and recommendations that you may struggle to receive elsewhere.

Ready to transform your homebuying vision into a reality? Craft a homebuying strategy today – you will be glad you did. Once you have a homebuying plan at your disposal, you can navigate the property buying journey with poise and confidence.

About the Author
Author

Marc Gottesdiener

As a full service real estate company with over three and half decades of licensed experience and expertise, Marc Gottesdiener & Co., Inc. handles all aspects of both commercial & residential real estate assignments including appraisals, rentals, listings, building rehabilitation, consultation, expert in litigation, court testimony, & other real estate asset services especially in Connecticut. Marc Gottesdiener himself has owned over one hundred twenty units and these properties have been in 4 New England states, and the company has managed hundreds of units in Hartford and beyond for a diversified base of clients and types of properties. Use objective experience in solving real estate problems. As an appraiser, Marc is a certified general for both residential and commercial appraisals and has provided expert court testimony in all eight Connecticut counties. In addition, Marc routinely works with the Connecticut Superior Courts (on over 250 cases) in providing appraisals and court testimony for various property matters, foreclosures, divorce, bankruptcy, partition suits, and other litigious matters. His firm can represent as an agent & manager for landlords from out of state. Over the decades Marc has handled many difficult real estate situations, and to negotiate settlements to provide creative & equitable solutions. Read more about our company here.