Planning on purchasing your first home in Highland Park? Congrats, you’re already making great decisions. Don’t let it stop there, as there are quite a few things a first time buyer will need to do, and prepare before should get on the hunt.
There are few tips and tricks to set you up for success in your Highland Park Home buying process before you even hit your first open house.
- What can you afford: If you don’t have a budget, create one. Just because you have a six figure salary does mean you will be able to afford the estimated monthly payments on certain priced homes if you haven’t calculated your expenses, loans, bills. Do you like to travel? Plan on having children? Thinking about upcoming expenses need to be added to your budget as well so now and in the future you are comfortably able to make your monthly payments on your Highland Park Home.
- Get Pre- Approved: This is the inly way you will actually know how much you can spend on a home. Without a pre-approval letter you, nor your agent will know what properties make sense to start looking at. Aggressively hunting for a home without a pre-approval letter is a waste of time for everyone involved, especially in the Highland Park Real Estate market when properties are selling like fire. No listing agent should ever accept an offer without a Pre-approval letter, and if you find your dream home and have to start the process right then, you most likely will miss the opportunity.
- Create a Realistic Wish List: Highland Park Real Estate is extremely competitive. The perfect turn key home is going to generate a lot of offers and can make the process frustrating for buyers. If you prepare a clear list of must haves and work with an agent who can help you to find those, and create the rest later with minor renovations over time your expectations will be much more realistic and put you closer to finding your Highland Park , CA dream home.
- Find the Right Highland Park Los Angeles Real Estate Agent: When hunting for a home find an agent that specializes in the Highland Park Real Estate market. Working with your friend, or on a recommendation of someone from outside of this niche market will be detrimental to your buying process. Do your homework; read reviews, call and have conversations, talk to more then one Highland Park Real Estate Agent. Make sure the person representing you is the best person for the job.
Most Highland Park Los Angeles Real Estate Agents say being prepared is your greatest strength in the home buying process.