Finding the Right Property for investment
- Communicate by clearly conveying your wants and needs with your Realtors®. Don’t be reluctant to ask questions.
- Outline a list of your parameters such as:
- Price Range
- Size - Square Footage or Number of Bedrooms/Baths
- Neighborhoods of Interest
- Architectural Style - or number of stories, floor plan
- Amenities - fireplace, pool, view
- Proximity to Schools, Transportation, workplace
- Other special needs for children, pets, at-home office
- Prepare to allow for some flexibility. Your REALTOR® will try to match up your wants with the homes listed on the market. However, you may have to prioritize and modify your criteria as needed to increase the number of homes to view.
- Help eliminate "loan surprises." It can be discouraging to find a property you fall in love with, just to find out that you do not qualify for the financing you need. You should try to make sure the lender has all the facts and paperwork to do a proper loan qualification/approval.
- Don’t get discouraged. Your Realtors® may arrange appointments to view selected homes with you. Keep in mind that it may take a few viewing appointments to find the right property.
- You may also see a FOR SALE sign in the neighborhood, a newspaper ad, online listing, or home magazine ad featuring a property that piques your interest. When this happens, it is a good idea to get the phone number and information to your REALTOR®, so he or she can conduct further research and set up a viewing appointment for you. Your agent is your advocate and ally.
- When you write up an offer, you should discuss current market activity with your Realtors® and terms that may help give your offer a better chance of being accepted.
- Stay Positive. The right home is out there for you!