WASHINGTON, D.C., USA — Looking for a new home can be overwhelming. Inventory is extensive and finding everything on your wish list can be tough. Here are tricks to navigate the situation from our Real Estate Top Performers.
Don't fear the multiple offer situation. Your worst nightmare may be getting in a bidding war. The last thing you want is to make an offer way above your budget. Realistically look at your finances and assess what is your absolute limit. After you've made that offer, you can rest easy knowing you did all you could. If you don't win the bid, it wasn't meant to be your home.
Be present during the home inspection. You may think of this as something just your realtor needs to attend, but you should be there to ask questions. Inquire specifically about the condition of the roof, the HVAC system, the home insulation, and the plumbing.
Don't stress during the loan process. The financing aspect of real estate is often the most worrisome. But your loan officer may have various programs that benefit you. Different states have different programs that may be applicable to your personal situation. Take advantage of first-time homebuyer grants or VA loans if you can.
This article is sponsored by The Mortgage Link.