Common Homebuying Concerns, and How to Resolve Them

by Lesli Fritts 02/09/2020

If you plan to buy a home in the immediate future, there are several concerns that you should address before you embark on your house search. In fact, some of the most common homebuying concerns include:

1. Lack of Home Financing

You know you want to purchase a house, but obtaining financing sometimes is difficult. Fortunately, if you meet with various banks and credit unions, you can review all of the home financing options at your disposal and map out your home search accordingly.

Remember, there is no such thing as a "bad" question to ask a bank or credit union relative to home financing. Banks and credit unions employ courteous, knowledgeable home financing specialists who are happy to assist you in any way possible. These specialists can respond to your home financing concerns, and as a result, help you make an informed mortgage selection.

2. Tight Homebuying Timeline

If you are tasked with relocating to a new home as quickly as possible, you may have to conduct a fast house search. But if you explore ways to maximize your time and resources, you could boost the likelihood of conducting a successful home search, regardless of your homebuying timeline.

Oftentimes, it helps to make a list of homebuying tasks that you need to complete. You then can establish goals designed to help you stay on track with your homebuying timeline.

You also should keep a close eye on the housing sector in your preferred cities and towns. That way, if a great home at a budget-friendly price becomes available, you can instantly pounce at this homebuying opportunity.

3. Establishing Realistic Homebuying Expectations

The homebuying journey offers no guarantees. If you enter the housing market with realistic expectations, however, you can avoid potential disappointments during your home search.

To establish realistic homebuying expectations, it generally is a good idea to make a list of home must-haves and wants. This list will allow you to hone your house search to residences that meet your criteria. It also can help focus on available residences that fall within your price range.

In addition, it often helps to hire a real estate agent before you conduct a house search. A real estate agent can teach you everything you need to know about finding and purchasing a house. Plus, he or she can provide expert insights at each stage of the homebuying journey.

Let's not forget about the assistance that a real estate agent provides when you are ready to submit an offer to purchase a home, either. At this point, a real estate agent will help you craft a competitive homebuying proposal and submit it to a seller. If a seller accepts your offer, a real estate agent then will help you finalize your house purchase.

Ready to embark on the homebuying journey? Address your homebuying concerns, and you can minimize risk as you begin your search for your ideal residence.

About the Author
Author

Lesli Fritts

Hi, I'm Lesli Fritts and I'd love to assist you. I have been a full time Realtor in the Douglas/Elbert County area for over 25 years and have completed over 2500 successful real estate transactions. No transaction is either too large, or too small for me to handle. I have sold everything from mansions to one bedrooms condos. I specialize in rural estate properties and vacant land as well. When it comes to listing your home, I am an experienced staging professional and can assist in making your home show it's best. Each and everyone of my clients receive the same level of professionalism and time, regardless of the size of the transaction. I work equally with buyers and sellers. I really enjoy selling real estate but the best part of it is getting to know my clients, their families, and becoming friends! Many of my past clients continue to contact me for their continued real estate needs. Because my clients and friends refer me, you do not need to worry about me "hounding you" once we have made contact. My job is to assist you with buying or selling real estate for the best price obtainable, from start to finish and making the transaction as smooth and seamless as possible. And I love to have some fun while we are throughout the transaction! Experience does count. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my extensive real estate experience to work for you!