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7 Habits of Highly Effective Home Buyers

ashley nielsen vancouver real estate home buyers

7 Habits of Highly Effective Home Buyers

Effective Habit #1: Get pre-qualified (or pre-approved) for a loan

You can’t effectively search for homes if you don’t know how much home you can afford. In today’s lending environment, it is crucial to know BEFORE you begin a home search what type of mortgage, and how much of a mortgage you can get.

It is crucial to work with a good lender throughout the home buying process. If you don’t know a lender, ask your agent for a few recommendations. Interview a couple of lenders and pick one and stick with them. Few things add more stress and headache to a real estate sales transaction than changing lenders mid-stream. Find a lender that won’t just tell you the maximum amount of a mortgage you can get, rather find one that understands that qualifying for a certain amount and being able to make the payments are two different things.

Effective Habit #2: Define your must haves, like to haves, and can not haves

Determine what you MUST have in a home. Then determine what you would LIKE to have in a home. Talk to your agent about these things. Don’t forget to include what you CAN’T have in a home — that will often be more important than anything else.

Don’t know exactly what you must/like/can’t have in a home? That’s OK, it happens ALL the time. Your agent can help you by showing you different homes with different features to help you get a better understanding of what you’d like in a home.

But at some point you are going to have to make decisions and not wander aimlessly about, looking at any home that may possibly fit some undefined set of criteria. That would be a waste of your time, and the time of your agent, the home sellers, your lender and everyone else that is involved in a real estate transaction.

Effective Habit #3: Be realistic

Buying a short sale and expecting the owner to make a bunch of repairs (or any repairs)? Good luck with that. Buying a home and thinking if the home inspector finds anything wrong with it, i’m not buying the house? Well you might as well stop right now because I can assure your there aren’t any homes where the inspector finds nothing to report. Get your brand new built to your order home constructed and an inspector will find some items to address (and yes, you should get a new build home inspected — more than once).

Effective Habit #4: Be flexible

As a home buyer, it is important to be flexible. Unless you are having a home built to your exact specifications, it’s very unlikely that you will find the absolutely perfect home for you. Maybe you find a home that has everything except the perfect kind of flooring, colors, cabinets, whatever. If you have some flexibility built into your must haves and likes, you will find the entire process much less painful.

Understand that in most cases there is a living breathing human being involved in the other side of your transaction. Home sellers are people too. Nit-picking them to death in negotiations and repairs isn’t likely to do much good and could quite possibly do harm. This isn’t to say you should cave to every demand the sellers make. You should stand firm on things that really matter and be flexible where you can be in order to move the transaction along.

Effective Habit #5: Understand the home buying process

You don’t need to understand every nuance of the home buying process — that is your agent’s job. But the more you do understand, the less stressful and mystifying the process will be. Trust me, buying a home is a stressful event. Anything you can do to reduce that stress will go a long way not just toward saving your sanity but in helping ensure the transaction moves to closing.

One of the most important things to understand is your purchase contract. There are two parties to a real estate contract — you the buyer, and the seller.

Regardless of exactly who/what owns the home you are buying, you are entering into a legally binding contract when you have your offer accepted, and there are obligations that contract binds you to do. There are timelines that must be complied with, and if they are not, you can suffer some pretty serious / expensive consequences. Your agent, your lawyer, your lender, your title company, the appraiser — all will work diligently to ensure a successful closing, but ultimately they are not parties to the contract. YOU need to (with advice from your agent and/or attorney) understand all the terms and conditions of your contract. It is also helpful to understand the escrow, appraisal and lending processes. The successful completion of each of these are fundamental to your closing on your new home.

Do not be afraid to ask your agent questions. Lots of questions. Be advised that everyone in the process tends to toss about terms and acronyms that only those dealing with this stuf fon a daily basis understand. Sometimes we forget we’re speaking in a different language. Don’t be shy. If there’s a term you don’t understand, ask.

Effective Habit #6: Be responsible

As a home buyer, you are going to have to work with a lot of different people in order to make sure your transaction progresses and ultimately closes. Yes, your agent will take on the burden of most of this, but you are still ultimately responsible for your actions.

You are (most likely) financing your new home. As such, it makes sense that you need to be responsible for maintaining your credit worthiness while your mortgage is being processed. Listen to your agent and lender and don’t go buying a car before your mortgage processing is done (yes, I’ve seen it happen). In fact, don’t buy anything on credit without speaking to your lender. And if you think you can quit your job a week before closing and still get that mortgage, think again (yep, seen that too).

When you are looking at potential homes, be responsible and respectful that you are in someone else’s home. It’s OK to look in their closets, to flip light switches, to turn on the stove. But be responsible and leave the home in exactly the same condition you found it in.

Much of this habit really boils down to two things: 1) use common sense; and 2) treat others how you expect to be treated.

Effective Habit #7: Have fun!

Take a look around at lists of “life’s most stressful events” and you’ll see things like taking on new debt, financial change, moving — that’s buying a house folks. You are about to enter into one of the singel largest financial transactions of your life. Stress is a given.

But buying a home is also an exciting time! There isn’t a law that requires you to mope around, dreading every moment. There’s nothing wrong with having fun during the process. Hopefully you’ve selected an agent that you enjoy working with. Ditto for your lender. That doesn’t mean you all need to participate in group hugs or go camping together and join hands around the campfire singing Kum Ba Ya. But it’s OK to laugh, to enjoy yourself, to have a little fun in the process.

Thompson, Jay. "7 Habits of Highly Effective Home Buyers." The Phoenix Real Estate Guy. N.p., 26 Oct. 2011. Web. 17 Jan. 2013.

first time home buyer - mls board Ashley Nielsen - Prudential Realty - Vancouver Real Estate -

7个习惯高效的购房者

有效的习惯#1:获取资格预审合格的贷款(或预核准)

你不能有效地搜索如果你不知道你能买得起多少家的“家”。在今天的信贷环境中,关键的是知道在你家里开始搜索什么类型的抵押贷款,抵押贷款,你可以得到多少。

这是非常重要的工作,具有良好的贷款人在整个购房过程中。如果你不知道贷款人,问你代理了一些建议。采访一对夫妇的贷款人,并选择一个,并坚持下去。没有什么事情比贷款人中流房地产销售交易增加更多的压力和头痛。查找贷款人,不仅将告诉你你可以得到抵押贷款的最高金额,而找到一个能够理解,有资格进行了一定能够使支付是两个不同的东西。

有效的习惯2:定义你的必备,喜欢富人,不能富人

确定你必须有一个家。然后,确定你想在家里。您的代理人,对这些事情。不要忘了,包括你不能在家里 - 这往往是比什么都重要。

不知道正是你/喜欢/不能在家里吗?这是确定的,它发生的时间。你的代理,可以帮您向您展示不同的家庭有不同的功能,以帮助您更好地了解你想在家里。

但在某些时候,你将不得不作出决定,而不是漫无目的地寻找,在任何家庭,可能适合一些不确定的一套标准。这将是浪费你的时间,您的代理,国内卖主,你的贷款和其他人所涉及到的房地产交易。

有效的习惯3:成为现实

购买短期销售,并期待主人一堆修理(或修理)?祝你好运。购房想,如果家庭检查员发现有什么不对的地方,我不买房子了吗?你可能立刻停止,因为我可以告诉你有没有任何家庭检查员没有发现任何报告。你的品牌新建成的您的家建造及督察会发现一些项目地址(是的,你应该得到一个新的构建家庭考察 - 超过一次)。

要灵活有效的习惯4:

作为一个购房者,重要的是要灵活。除非你有一个家,您的确切规格,这是非常不可能的,你会发现你绝对完美的家。也许你找到一个家,拥有一切的完美样的地板,颜色,橱柜,无论除外。如果你有一定的灵活性到您的必备喜欢的,你会发现整个过程更痛苦。

据了解,在大多数情况下,是一个活生生的人参与您的交易对方。首页卖家也是人。采摘死亡的谈判和维修是不会做太大的好处,很可能造成伤害。这并不是说,你应该洞穴的每一个需求的卖家。您应坚持的东西,真正的问题是灵活的,在这里你可以以移动事务沿。

有效的习惯5:了解购房过程

你并不需要了解购房过程中的每一个细微之处 - 这是你的代理人的工作。但你也知道,更少的压力和神秘的过程中会。相信我,买房子是一个充满压力的事件。什么可以做,以减少压力会走很长的路,正朝着保存你的理智,但在帮助确保交易移动到收盘。

了解的最重要的事情之一是你的购买合同。双方房地产合同 - 买方,卖方。

不管到底是谁/什么家庭拥有你所购买的,你进入一个具有法律约束力的合同时,你有你的报价被接受,并有责任该合同使你做的。有必须遵守的时间表,如果他们没有,你可以受到一些相当严重的/昂贵的后果。你的代理,你的律师,你的贷款人,您的标题公司,评估师 - 都将努力工作,以确保圆满闭幕,但最终他们不是合同当事人。您需要您的代理人和/或律师的意见,了解您的合同的所有条款和条件。这也有利于了解中介,评估和贷款流程。成功完成这些基本的收盘您的新家里。

不要害怕问你的代理人问题。有很多的问题。请注意,每个人都在这个过程中,往往会折腾,只有那些交易的与此STUF的FON每天的理解的术语和缩写。有时候我们会忘记我们说不同的语言。不要害羞。如果有一个词你不明白,问。

有效的习惯6:负责

作为一个购房者,你有工作,有很多不同的人,以确保您的交易过程,并最终关闭。是的,你的代理人将大部分的负担,但你最终还是为自己的行为负责。

(最有可能)融资的新家园。因此,它是有道理的,你需要负责维护您的信用价值,同时正在处理你的抵押贷款。听您的代理人及贷款人,不要去购买一辆汽车,你的抵押贷款前处理(是的,我已经看到了这一点)。其实,不买东西没有说你的贷款人的信贷。如果你认为你可以退出你的工作一个星期前关闭,仍然可以得到,抵押贷款,再想想(是的,看到这一点)。

当你正在寻找潜在的家园,负责和相互尊重的,你是在别人的家里。 “看在他们的衣橱里,翻转灯的开关,打开炉子。但要负责任的,离开家,在完全相同的条件,你发现它。

这个习惯真的可以归结为两点:1)使用常识,以及2)对待别人,您希望如何被对待的。

有效的习惯7:玩得开心!

再看看周围的“生命中最紧张的事件”列表,你会看到新债,金融变化,移动 - 这就是买房子人。您即将进入的Singel你的生活最大的金融交易之一。压力是给定的。

但是,买房子是一个激动人心的时刻!没有一项法律,要求你闷闷不乐左右,害怕的每一刻。有乐趣的过程中没有什么错。希望你所选择的代理人,你喜欢的工作。同上,用于你的贷款人。这并不意味着你都需要参与组拥抱或去露营一起,携手围着篝火唱琴仈呀。但它的确定要笑,要享受自己,在这个过程中有一点点的乐趣。

汤普森,杰伊。 “7个习惯高效的购房者。”

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