Monday, June 8, 2009

Buying a Home Step Two-Making the list

Congratulations on getting the loan squared away! Having your financial ducks in a row is going to make the home buying process flow more smoothly. Now it is time to create your list...

This is not a wish list (save that one for Santa). This is a "what does my home for the next 3-5 years need to have list. The home list should be a practical, and realistic assessment of your home needs. Divide your list into two columns, must and wants.

As the name suggests, the "must" list includes things who's absence constitutes a deal breaker. Own a large dog? Then a fenced back yard should be on your must list. But spot can sleep indoors. Fine, where will he make his business while you are at work? We will install a fence when we move in...Awesome! got an extra 4-6 thousand dollars laying around?

The want list is a little different. These are things that would be nice, but can be done without. Perhaps you are a fan of tile floors. Such an item does add value to the home, but might also increase the asking price. After running the numbers, you might find good ole carpet might work for a couple of years. The want list is nice though, because it can help narrow your choices in a slow housing market.

PLEASE SHARE BOTH LISTS WITH YOUR REALTOR. In fact, I often request that my first time buyers make lists before we look at homes. Such planning can help make the shopping experience more enjoyable for everyone. Ready to find that home in Cenla? give me a call! Happy house hunting!

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