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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 -






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。




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)。





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。





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。



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。


汤普森,杰伊。 “7个习惯高效的购房者。”