keys to renting

Feeling a little anxious about choosing your new home? Many can give advice, but you, the buyer, have the responsibility to choose your advisor wisely. Here are a few thoughts from those within the real estate industry.buyingart

Over 80% of those purchasing a new home will first seek information from the internet. Think education! Be aware of the marketplace, neighborhoods, schools, shopping and health-care facilities. Check out census bureau data and crime rates in specific areas. The location of your new home may not be the same your REALTOR® or relatives would choose. Don’t be afraid of making personal choices.

Once purchasers feel ready to earnestly look at homes that are for sale, it might be time to interview a good advisor.

REALTORS® are not only knowledgeable about the buying process– they do this for a living. If you aren’t happy – they aren’t happy! Choose to work with one professional and be loyal. Loyalty is a two way street – clients get the best support when the REALTOR® trusts the sincerity of his customers. A competent REALTOR® will suggest that you make financial arrangements for purchasing-either seek a lender, transfer cash, or perhaps secure gift letters and funds.

With your chosen professional you will make a list of necessary criteria. What are your needs and wants? Are there areas where you would compromise?

Because there are many homes from which to choose in the current market, the temptation might be to plan on 20 or more viewings in a day. After all – let’s get on with the show! Studies have shown that seeing more than seven or eight homes in a day creates brain fog! Don’t worry – your REALTOR® can’t remember many more homes in a day either! One of the best ways to clarify choices is to take notes. A camera works well, too. Prioritize the viewings – if some properties are tempting because of a great yard, double-check your “must have” list. Does the tempting property have the necessary amenities i.e., bedrooms, bathrooms, etc. It’s one thing to love the yard, but Little Johnny can’t sleep outside forever! Be honest when viewing houses – that’s why you made a list of “needs”.

How do you finally make the choice? Look at your list of acceptable homes – how many are there? Five, maybe six at the most. Go back with fresh eyes ... look at surroundings, inside more cupboards, basement and garage spaces. Re-prioritize. Maybe two homes have surfaced as acceptable. Drive in the neighborhood at different times of day-or talk to neighbors. They are a wealth of information. Don’t forget, your REALTOR® is a resource for information – but he or she isn’t living in the home – you are!

Rely on professional advice for inspections, legal issues, transactional processes, market data and general input. The REALTOR® you chose will have negotiating skill and guide you through the offer and closing process. All the searching and detail follow-up will be worth it when you have the new keys in your possession. Oh yes, change the locks. Who knows how many of those wonderful neighbors have a key to your new home!

Linda Miller can be reached at President@SpokaneRealtor.com.