Should You Set a Deadline for Purchasing a Home?

by Theresa Dolan 04/19/2020

If possible, it helps to maintain a flexible deadline as you navigate the homebuying journey. Because if you have a tight deadline in place, you risk making a rash homebuying decision. And as a result, you may pay too much to acquire a home. Perhaps even worse, you risk purchasing a house that fails to match your expectations.

As you prepare to kick off your homebuying quest, it helps to plan ahead. Fortunately, there are lots of things you can do to streamline your home search and discover your ideal residence in no time at all.

Now, let's take a look at three tips to help you accelerate the homebuying journey.

1. Prepare Homebuying Criteria

If you know you want to buy a home, you should put together property buying criteria. That way, you can enter the housing market with a plan in hand to acquire your dream residence.

To establish homebuying criteria, think about where you want to reside. For instance, if you want a home close to parks and other family-friendly attractions, you should hone your house search accordingly. On the other hand, if you need a house that offers quick, easy access to family members, you should search for a home near these relatives.

Consider the features you want to find in your dream home, too. If you make a list of home must-haves, you can focus exclusively on houses that have the features you require.

2. Establish a Budget

Usually, it is beneficial to begin a home search with a mortgage at your disposal. If you get pre-approved for a mortgage, you will know how much you can spend on a house. Then, you can search for houses that won't force you to exceed your budget.

To obtain a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you everything you need to know about home financing. Plus, they can help you make an informed mortgage selection.

3. Hire a Real Estate Agent

With a real estate agent at your side, you should have no trouble performing a successful home search.

A real estate agent is devoted to homebuyers' success, and as such, will do what it takes to help you achieve your desired results. For instance, if you want to buy an affordable house in a small town, a real estate agent will make it simple for you to do just that. Or, if you want to purchase a home near your office in the city, a real estate agent will craft a custom homebuying plan so you can accomplish your goal.

Furthermore, a real estate agent takes the guesswork out of buying a house. If you ever have homebuying concerns or questions, a real estate agent will respond to them – without exception.

Want to enjoy a fast, stress-free homebuying experience? Take advantage of the aforementioned tips, and you may be better equipped than ever before to seamlessly navigate the homebuying journey.

About the Author
Author

Theresa Dolan

For most people buying and selling a home is one of the biggest and most important decisions you can make. Whether you are a first time home buyer, or in the middle of a re-location, or a life-changing event, you need, and want, to work with a realtor that will offer the best advice and guidance possible.

As a lifetime resident of Westchester, growing up in Yonkers and now residing in Ardsley with my family. I have an extensive corporate marketing career behind me, I am influential in deal management and in providing complete attention to every detail. I am accustomed to working through complex problems, logistics and scheduling. I enjoy working with Clients and coming up with creative and positive solutions.

I understand the needs of families and have experience in Westchester schools, both public and private. As a former commuter to NYC I understand the challenges facing the new home owner who must include getting to work as one of their priorities. As a recent new home buyer myself I know personally the issues with moving and starting life in a new place.

I look forward to working with you on starting the next phase of your life.