How Do I Choose the Right Property

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How Do I Choose the Right Property?

Written By: James Stevenson

1. Make a List of Your Needs and Wants

Before you start your search, make a list of everything you need in a property. This should include your maximum budget for a home, the number of bedrooms it must have, and the size of the yard. If there are other details that matter, like a pool or a fenced-in yard, include those on your list.

Then, make a list of your wants. Although you would settle for three bedrooms, you may prefer four. On this list, include everything thats not a necessity but would be icing on the cake.

2. Pinpoint Your Ideal Location

Youve heard it before - location matters. As you begin your search for homes, consider which areas you would like to move to. Is the location dependent on the commute time? Do you want to be in a certain school district?

While its great to pinpoint a few neighborhoods, you should also keep an open mind. There may be other areas of which you are unfamiliar. A real estate agent could help you find the best location for your life>

3. Ask Questions

As you search for a home, youll probably go to many showings. When you arrive at a new property, come prepared. Have a list of questions you want to ask the real estate agent. While the listing should give you some information, not everything will be included in the property description.

Some important questions to ask include:

When was the roof installed or redone?
Is the HVAC system new?
Is everything up to code?

While walking around the property, have an eye for detail. If anything looks unfinished or in disrepair, make a note of it. Although it might not be significant enough to keep you from buying the home, it could be enough for you to request a lower price. Keep a list of all of your concerns. After the showing, express your concerns to your realtor.

4. Be Open-Minded

Your dream home could be hiding under your nose. But to find it, you need to be open-minded. For instance, you might see a picture of a home that doesnt visually appeal to you.

After reading the description, you could find that it meets all of your desires. If you choose to buy the home, you could make a few changes to the home to make it more your >

5. Work with an Experienced Real Estate Agent

Unless you are a real estate professional, you probably dont have the resources and tools needed to find the right property. Looking online will only get you so far. A real estate broker has insider knowledge of the local market. They know where to look for the latest listings and can help you pinpoint the ideal neighborhood.

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