Howard Hanna Real Estate
Howard Hanna Real Estate
Berta J. Smith, Howard Hanna Real EstatePhone: (315) 559-3316
Email: [email protected]

Review Your Homebuying Options

by Berta J. Smith 03/15/2020

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

Berta J. Smith

Roberta J. Smith CNY REALTOR ® - Quality & Service That Stands Out

About me:

• A full-time realtor since 2003

• Specializes in first time home buyers and estate sales

• Understanding the importance of detailed communication with clients

• Consistent Top Producer

• Associate Broker 

• Experienced negotiator

• Lifetime CNY Resident

I have great people skills, especially in a one-on-one atmosphere, and wanted to put those skills to good use. With a career in Real Estate, I am able to help people during one of the most important decision-making times of their life… buying or selling a home. I live with husband and have three children and four grandchildren. As a life-time resident of Central New York, I know my real estate territory very well and will provide the utmost service to my customers. I can tell you all about the school district, the economy of the area, established businesses, landmarks, where to shop and even where you can grab a great burger!

If you are looking to buy or sell a home in the CNY area, including Liverpool, Cicero, Clay, North Syracuse, Baldwinsville, Syracuse & other local markets, I am the agent to call.