7 Steps to Simplify House Hunting

House hunting is a complicated process. From finding the right home, to locking
down a mortgage rate you can afford, it is a process that requires an attention
to detail and a well-thought-out plan. Below are seven steps to take as you
begin house hunting to ensure you stay focused and on budget.

1. Establish your goal. Searching for your dream house? Upgrading your
current digs or looking to downsize? Whatever the goal is behind your impending
home purchase, be sure you understand it clearly before beginning your house
hunt. This will eliminate wasted time spent viewing homes that don't meet your
top priority.

2. Create a wish list. Once your primary objective is in place, it's
time to list all of the additional features and amenities you expect from the
property you eventually buy. Do you want a swimming pool in the backyard, a
balcony off of your master bedroom or crown molding throughout? Brainstorming
must-haves and also-nice-to-haves helps to further narrow down your search

3. Hire a real estate agent. No one understands the intricacies of a local
housing market like a real estate agent with years of experience helping others
buy and sell property within it. Save yourself time and headache and hire a
highly rated agent to see you through the process.

4. Get pre-approved. Knowing exactly how much you can afford to spend
ahead of time helps the house hunting process goes much smoother, not to
mention, eliminates the disappointment of learning you don't have enough saved
for the home you've had your eye on all this time. Getting pre-approved for a mortgage
will set your budget straight off.

5. Ask questions and take notes. This is probably the biggest purchase
you'll ever make, so don't hold back if you have questions or concerns. Ensure
you have no lingering questions about the property, mortgage financing terms or
anything else that could lead to regret down the line. And don't forget to
write down important notes as you view house after house - things that seem
important in the moment are easily forgotten after five open houses.

6. Do some recon work. Spend time hanging around the house you have your
eye on, and during different times of the day. Does it get noisy? Is the
traffic a nightmare? What are the neighbors up to? The worst thing would be to
lock into your mortgage, only to find that while you love your house, you hate
the neighborhood around it.

7. Look out for hidden expenses. Finally, it's important to investigate
more than just the house itself to find out if there are potential money traps
within. For example, find out when the home's appliances, water heater, roof,
etc. were last replaced so that you aren't surprised with a big expense shortly
after moving in.

Source: GoBankingRates.com

Janet & Graham Ford
Phone: (918) 798-4428
4105 S. Rockford Ave
Tulsa, OK 74105