DC Homes

1. Find out how much home you can afford: Research from the NAR (National Association of Realtors) shows that most buyers begin their home search on the internet. Often times, buyers will begin to browse homes online and visit open houses long before they have made the effort to find out how much home they can afford. Getting pre-approved is essential to beginning your home search. Whenever I meet with a new potential client, I always ask if they have been pre-approved for a home loan yet. It is smart to get pre-approved before you begin looking at homes, so that you are realistic about how much home you can afford, and in what price range you should be focusing on. This saves you from falling in love with a home that is completely out of your price range. Trust me, it happens. I have seen it before. It also gives you a realistic expectation of what is available, such as, the type of home, and what locations have those homes in your price range.
2. Decide what is most important (Price, Condition, Location): In real estate, we have three determining factors for a property. Unless you are one of the very fortunate few to find price, condition and location, you will have to make the decision of what is more important. Chances are, if you find a property for the right price, it is likely that it won’t be in the location or the condition that you want. If you find a property in the condition that you want, assuming it has been updated throughout, it most likely won’t be in the location that you want. Lastly, if you find a property in your desired location it may not be at the price you want.
3. Be Open-Minded: It is important to keep an open mind when searching for your new home. There are certain things that you cannot change about a home but, there are also many things that you can. I notice that some buyers walk into homes with little to no imagination at all. Be creative, use your imagination. A home with great potential could be painted with god awful colors or even worse, wallpaper! There are times when I am out with a buyer, and they are unable to see past the current home owners style and decoration. It may be a great home but, many potential buyers are unable to see past what is in front of them. I encourage my buyers to  keep an open mind when house hunting, and to remember that things like, paint, wallpaper, carpet and flooring can be changed.
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