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Analyze Your Homebuying Options

by Cindy Poulsen Real Estate 09/28/2018

For those who want to buy a house, it helps to consider your options closely. That way, you can make an informed home purchase.

Now, let's take a look at three factors to consider as you prepare to conduct a home search:

1. The Local Housing Market

Assess the local housing market before you dive headfirst into a home search – you will be glad you did. If you analyze the housing market in towns and cities where you want to live, you can determine if a buyer's or seller's market is in place. Then, you can map out your homebuying journey accordingly.

To differentiate a buyer's market from a seller's market, you should find out how long recently sold houses were available before they were purchased. You also may want to track houses as soon as they become available and see how long it takes them to sell. If residences linger on the housing market for many weeks or months, the real estate sector likely favors buyers. Or, if houses are purchased shortly after they become available, the real estate sector may favor sellers.

2. Your Home Must-Haves

Think about the features you want to find in your dream house. This will help you hone your house search to residences that match your expectations.

Oftentimes, it helps to enter the housing market with a list of home must-haves. This list can be updated throughout your house search and may help you simplify your quest to find your dream residence.

As you craft a list of home must-haves, be sure to include any house amenities you simply cannot live without. For instance, if you require a home that boasts a state-of-the-art air-conditioning system, you can search for a residence that offers this amenity. On the other hand, if you need a home that is located just minutes from your office in the city, you can search for a house in or near the city itself.

3. Your Homebuying Budget

You may have only a finite amount of money to spend on a house. If you get pre-approved for a mortgage, you will know precisely how much money is at your disposal. You then can search for a house that corresponds to your budget.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you about your home financing options and help you select a mortgage that suits you perfectly.

Lastly, as you get set to embark on a house search, you may want to hire a real estate agent. This housing market professional can offer expert insights into the homebuying journey. Plus, he or she is ready to respond to your homebuying concerns, at any time.

If you want to streamline the process of finding and buying a wonderful residence, it helps to plan ahead for the homebuying journey. Thanks to the aforementioned tips, you can review your options and boost the likelihood of enjoying a successful homebuying experience.

About the Author

Author
Cindy Poulsen Real Estate

Hello! I'm Cindy Poulsen and I'd love to meet you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, I would love to be an advocate for you and turning your home ownership goals into reality. I'd love to put my real estate experience to work for you!

I decided to get into real estate because I saw and experienced a lack of service, attention to detail and just sub-par business practices. I did not want to pay someone the amount of money I was paying and have that kind of service. I KNEW I could do better and I set out to make a real estate business based on good work ethic, genuine concern for individuals, a high level of service, services like staging, housecleaning and professional photography included at my expense and a continued friendship with my clients. I was not interested in transaction type of relationships, I want to be in for the long haul! So that is what my work ethic and business are built on. In short, I wanted to offer "Nordstrom" type services and be so good at it that you couldn't help but tell your friends and relatives. I have been offering this service and continually honing it since 2008. If you don't believe me, click here and see what a few of my past clients have to say about me. http://www.zillow.com/profile/cindypoulsen/

About me personally: I live in Eagle, Idaho with my husband, Glade and Golden Retriever, Lily. We have 7 children & 14 grandchildren (combined efforts)! I grew up in Glendale, Arizona and lived there until 2006 when we made the move to Idaho. I LOVE Idaho. The outdoor lifestyle, the 4 seasons and the mildness of them, the smell of the river in the air, the amazing, the safe neighborhoods, friendly people and the camaraderie of the community.  

I love spending time with my family in various ways, I enjoy working out at Orange Theory Fitness and Eagle Yoga, I love to travel and I honestly love my real estate career. I believe in real estate and my personal investments are VERY heavy in the real estate arena. I love eating and shopping local and would love to share some of my favorite spots!