Buying a home or a condo is a big decision, and for some it can seem like a lot of work including a few headaches along the way. However, with the capable assistance of a qualified and well-trained real estate professional, a home search can be downright enjoyable. Consider these three steps if you’re contemplating searching for homes or condos for sale in Overland Park, KS.
Research and Explore Buying a Home
For most prospective home buyers, the search for a home or condo starts in a natural progression by doing a little research and investigating various listings online to get a better idea of which properties are for sale and how much they cost. After that initial determination is made, you’re able to more quickly identify the more desirable areas and neighborhoods and slowly begin the process of “drilling down” by looking into additional information such as the quality of the school districts, the proximity to your workplace, traffic patterns and overall live-ability. You may also choose to explore other factors such as neighborhood amenities, crime statistics, and distances to hospitals, churches and grocery stores. All such information will ultimately become part of the decision as to where you may elect to target your home or condo search.
Once you’ve narrowed down the areas and/or neighborhoods you find most desirable and potentially affordable, you’re ready to proceed to the second step in the process.
Crunch the Numbers
If you’re like most Americans, you’ll probably need mortgage financing when buying a home or condo. And for many people, the process can be a little intimidating but only if you’re unprepared. Take the necessary steps to get a better understanding of how mortgages work and what will be expected of you. Most importantly, take a long hard look at what you can afford given your current income and monthly obligations. Naturally, knowing the amount of mortgage loan you can comfortably afford will give you greater insight into the price range of the home or condo you can qualify for. In today’s fast-paced real estate market, most experts recommend prospective purchasers be pre-approved for financing prior to even looking at their first potential home. That way, once you find a property you want to make an offer on, you can move swiftly and confidently, knowing you’re much more likely to be approved for a mortgage. Meet with a mortgage lender and discuss the pre-approval process. It will prove invaluable when the time comes, and it will aid you in perhaps being able to have a seller accept your contract over another would-be purchaser who may not have pre-approval.
In addition to knowing what you can afford in the way of a monthly mortgage payment, the number-crunching and pre-approval process may also give you the time to review and repair (if needed) your credit score. And lastly, you may need a little additional time to save up more money for a down payment.
Once you’re comfortable with your financial ability and equipped with your pre-approval status, it’s time to move on to the third step in the search for buying a home or condo for sale in Overland Park KS.
Just Do It
Working with your exclusive buyer’s agent at T.J. Lamb Real Estate could very well become the most important key to your home-buying success. Plan to attend as many open houses and home tours as possible. Your real estate agent can be invaluable in helping you navigate through the many properties that may be on your list, and assist in narrowing them down to a handful of solid homes or condos that best fit your needs and your budget.
Remember, the process of buying a home is part business, part investment and part fun! So enjoy it. Many prospective homeowners report that what they envisioned as being a challenging process actually ended up being both rewarding and enjoyable. Keep an even keel, be ready to “roll with the punches.” You may not get the deal on the first home you submit an offer on, but that’s okay. There are others on the market just waiting for a well-qualified and serious buyer to come along. Take your time and find the home or condo that’s just right for you and your family. In the long run, you’ll be glad you approached it in a relaxed, informed and intelligent manner along with the able assistance, of course, of your exclusive buyer’s agent.
Come see how we’ve helped thousands of home-buyers in Overland Park and surrounding communities with their home-buying needs, and why we’re fortunate to be among the top-rated buyer’s agents in the area. Call us today at 816-224-4393.