I am working with a great client that is eager to buy a home.
However, with new standards that have been enforced my client will not be eligible to buy immediately. Also, my client has viewed a resale home and new construction and now cannot choose between the two. To ease my client’s anticipation I offered a suggestion to prioritize and create wants and needs list.
I believe this is a great tool to get your mind in the right direction. Focusing on location is important when considering where you would like your home to be located. How close or far would you like to be to shops, restaurants, schools, banks, post office, entertainment, recreation, and other amenities? My client has selected two areas that would be ideal for the new home location. With that out of the way
I suggested to make the list of what must be in the home or features the property must have. Then rate the items ranking them from can’t live without too I will not miss them if they are not in the home. With the wants and needs list along with my client having met with a mortgage loan officer I was able to give proper advise about the current housing market and how much of the wants and needs list my client would be able to afford. Buying a home is very exciting however; it is stressful to just look at homes without doing your homework first. House hunting requires patience and research.
It is important to find the right home for you and your family. It is a decision that should not be made quickly. When properly prepared a new home purchase will be a fun and exciting venture.
