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Thursday, July 14, 2011

Home Buyer Tips: I will know what I like when I see it. Huhh?

I always begin the home buying process with similar questions.  What are you looking for in your next home?  Where do you want to buy your next home?  How much do you want to spend on your next home?  How much can you spend on your next home?  I am sure you get the picture….

And many times buyers know the answersmore or less

Then occasionally I run into someone like, say, Madelyn from out of town.  Her response is “I am not sure. I will not know until I start looking.”

The home buying process will further refine a buyers focus.  But, if you intend to find a new home there must be a starting point – a realistic starting point.

Like…

  • Budget.  How much one wants to spend and how much one can spend should be two different questions.  Because one has a mortgage pre-approval for $250,000 does not mean they must or should spend that much.
  • Location.  Most home buyers have a general idea of where they want to live.  The decision may be influenced by the location of schools, churches, shopping, medical facilities, employment or whatever. Being able to define the area boundaries is key.
  • Basic requirements.  Size, number of bedrooms, garage size, yard size, with or without pool.
The above three points are fundamental starting points.  Once you have identified these basic characteristics we can now focus on finding the right property – not one that will “just do.”

If you are just beginning the search for a new home in the Brevard County area of central Florida, drop me an email with any questions you may have or give me a call at 321-693-3850.

Be assured you are under no obligation if contact me.

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