Real Estate 101: 5 Things You Should Know

About Mrs. O.

This blog is for the average woman. The everyday woman. The budget friendly woman. The woman who can only spare 40 minutes to get herself ready in the morning. The working woman. The vivacious woman. The woman who wants to be healthy, confident, and beautiful. 

With still so much to accomplish, I have realized how much my story and daily routines have the possibility of sparking sharing amongst women, and the ability to help someone else.

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Real Estate 101: 5 Things You Should Know

Buying a home can be super scary when you're unsure of the facts. That's what many people tend to believe, first and foremost. It isn't, however, a statement that should deter you from taking the leap as a first time home buyer.

  home   Here are 5 things you should do when considering buying a home or property:
  • Get Pre-Approved. - Most people don't know that this is where you should ALWAYS begin. The financial piece is extremely vital to the entire process. Know how much you can afford, know what to do to improve your credit or financial standing (if necessary), and know what price range to look in - from the very beginning.
  • Find a RELIABLE Realtor. - As a buyer, you do not pay a commission to your Realtor. This is even more reason why it is important to be picky. It is encouraged to choose wisely, choose based on experience, and to provide him or her with your pre-approval information early on. You will be considered a "qualified" and "serious" buyer by starting with your best foot forward.
  • Look Past the Cosmetics. - Many diamond homes are often looked over because they are seen "in the rough." The true value in a home or property is found in it's school districts, size/potential, neighborhood, and surrounding attractions. Paint, updated countertops, and appliances do not attribute directly to home value - they are merely cherries on top. That being said, paying a contractor to do exactly what you want to the property, whether it's 5 months or 5 years down the line, will only increase your pride and overall value in your home.
  • Sacrifice. - It is sooooo hard to wait for the perfect property for you, but I assure you it's out there. Extend your lease a few months if necessary, cease all large purchases, and trust the process.
  • Don't Get Discouraged. - The journey in buying a home can be very stressful. After all, it is arguably the largest purchase you'll ever make in your lifetime. You may lose a bid, or lose a property after a poor inspection that the seller isn't willing to make good on. The list goes on and on when considering the things that can go wrong. It's important to remember however that these mishaps are all NORMAL. Keep looking, be consistent, and make small changes to your search criteria if necessary.
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While there are so many other things to consider when purchasing a home or property, these are definitely the fundamentals that I am asked most about by my peers. As a former licensed Realtor with many years of experience, I am here as a resource if anyone has any questions. Home-ownership is truly a blessing and a great way to establish both wealth and a retirement supplement. Happy Buying!

One Comment

  1. 22 September 15, 9:32pm

    I wish that I would have known this when I purchased my first home! Great tips, thanks Courtney.
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