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Summer Guide for buyers

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Buyers here are just a few tips to consider.

Get Pre-approved! This isn't just about what price range your lender says you should be in. It is about taxes, HOA fees, Master Association fees, Special Assessment Areas, Special Service Areas, homeowners insurance, etc.

Your mortgage professional can determine what monthly mortgage payment you cannot exceed. That payment should include all costs. This will require a full pre-approval, a pre-qual will not do.

Work with a realtor that is knowledgable about this "new" market we are in- Short Sales, Reo's(Bank Owned), Hud homes (government foreclosures),etc.

Wear comfortable shoes that are easily removed if necessary.

Use the process of elimination throughout your showing day.
When you go to the eye doctor they always ask "which is better, one or two"?. There are showing appointments that take us through 5-7 homes. Once we reach the third property – I ask my clients which of the homes we've seen so far made your "short list"?

Please do not linger in properties you quickly determine are not right for you. If you walk the first floor of the home and it does not meet your needs chances are you won't find what you are looking for in the basement. Let's lock it up and move on. I once had a client tell me she felt obligated to tour each home in its entirety because she did not want me to feel my time was being wasted. As soon as you are ready to go, let the realtor know! They appreciate it.

Know yourself- You have just watched a 12 hour marathon of HGTV, where investors armed with only a pocket knife and playdough flip $15,000 properties for $189,000. You now have a hankering to call your realtor and ask to see fixer-uppers.
If you can write down on a piece of paper 3 things you have been meaning to fix since last summer, you are not the fixer-upper type. It is O.K.

Think about life-style not just cosmetics. As a seasoned realtor, I see properties from different angles. For example in a townhome, what is the distance from the garage to your kitchen? If you just made a big box warehouse run, you want that transition to be short, not up two flights of stairs.
If the laundry room is on the second floor- is it right next to your bedroom? That could put a damper on any late night laundry loads.

We are still in a buyers market. The world is really your oyster.
Most of all – your home search should be enjoyable. It is time to get back to dreaming.

Happy house hunting.

Dana Marie Smith
Coldwell Banker Honig Bell of Naperville
630-561-6371
@sellbuydana

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