Make Finding a Home EASY With 6 Tips!
When it comes time to buy a home at the Lake of the Ozarks it’s an exciting time! Although exciting, sometimes navigating through the real estate process can be a challenge or stressful. Buying a home should be exciting - especially at the beautiful Lake of the Ozarks! Today, our real estate team at the Lake of the Ozarks has six tips for finding your dream home!
1. Consider the Location
When searching for you new home, consider the location. How far are you willing to commute to work? How far is the drive to schools, shopping, grocery and other amenities that you will need. Is the home next to a vacant lot or neighbors? How is the upkeep of the surrounding neighbors, building etc?
2. Do Your Research
It goes without saying that we have a wealth of information at our finger tips with one simple Google search. Use this to your advantage to access information about recent home sales, number of homes on the market, comparable home sale prices and community information.
3. Get Pre-Approved for a Mortgage
Although a pre-approved amount is not a contracted amount, it is usually pretty accurate and will tell you your top-dollar budget for your new home. Ask your mortgage lender to provide you a letter stating how much you are qualified to borrow - this can be instrumental in negotiating the best contract on a new home.
4. Make a Must-Have Check List
Compile a list of things you need, a list of things you want and possibly a list of things you do NOT want. Share this list with your Lake of the Ozarks Realtor, so they can find homes that meet as many of your criteria as possible.
5. Take Notes
It is likely that you will tour several homes and the process can become very confusing. Don't rely on your memory - jot down notes about the advantages and disadvantages of each home. When finalizing your decisions you can refer to your notes to help you make the best decision.
6. Be Prepared to Make an Offer
Start your house hunting when you are emotionally and financially ready to buy a home. The process can be grueling and frustrating - if you are not completely ready to commit to an offer, then consider holding off until you are ready. If you’re not completely ready to make an offer, the home you fall in love with could unfortunately be off the market once you’re ready to make your offer!
When searching for you new home, consider the location. How far are you willing to commute to work? How far is the drive to schools, shopping, grocery and other amenities that you will need. Is the home next to a vacant lot or neighbors? How is the upkeep of the surrounding neighbors, building etc?
2. Do Your Research
It goes without saying that we have a wealth of information at our finger tips with one simple Google search. Use this to your advantage to access information about recent home sales, number of homes on the market, comparable home sale prices and community information.
3. Get Pre-Approved for a Mortgage
Although a pre-approved amount is not a contracted amount, it is usually pretty accurate and will tell you your top-dollar budget for your new home. Ask your mortgage lender to provide you a letter stating how much you are qualified to borrow - this can be instrumental in negotiating the best contract on a new home.
4. Make a Must-Have Check List
Compile a list of things you need, a list of things you want and possibly a list of things you do NOT want. Share this list with your Lake of the Ozarks Realtor, so they can find homes that meet as many of your criteria as possible.
5. Take Notes
It is likely that you will tour several homes and the process can become very confusing. Don't rely on your memory - jot down notes about the advantages and disadvantages of each home. When finalizing your decisions you can refer to your notes to help you make the best decision.
6. Be Prepared to Make an Offer
Start your house hunting when you are emotionally and financially ready to buy a home. The process can be grueling and frustrating - if you are not completely ready to commit to an offer, then consider holding off until you are ready. If you’re not completely ready to make an offer, the home you fall in love with could unfortunately be off the market once you’re ready to make your offer!
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