Searching For The Perfect Home
Perfect is a very non descriptive word, the house that is perfect for you may well be considered terrible for the next person who looks at it. When dealing with houses you need to give more definitive descriptions to your agent than , \”I want to find the perfect house\”.
Talk with your spouse about how many bedrooms you want, do you want a double car garage, is it an absolute must to have a basement games room? The time you spend talking about what you consider to be included in the perfect house, before you start looking through homes, will be time well spent. There is nothing more depressing than looking at 10 houses on a Saturday and none of them being even close to what you want, you can reduce some of this problem by knowing exactly what you want before you even start looking.
Buying a 4 bedroom house rather than a 3 bedroom house will require a lot more money, while you may want the spare bedroom do you have the money? One way you can find out exactly how much house you can afford is to sit down with your home loan company and ask them for a letter of prequalification. This will show that you are good for the amount you are offering to pay for the house (in principal at least).
Your agent will probably also recommend that you get prequalified with a mortgage lender before you start any of the process. This is very good advice because you need to know what price range you qualify for, what kind of loan program you will be using and how much of a down payment you\’re going to need. Also, listing agents and sellers will want to see your prequalification letter before allowing you to put their home under contract.
Finding the perfect house for you and your family is possible, you may just have to adjust your thoughts on perfect. A house that is in the right location and is the right size but needs a coat of paint may well be better than one that is the right color but will mean you having to add miles onto your commute to work every day.
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