When finding what you think is the perfect house, your first instinct may be to act fast.
However, it can be helpful to take a moment to ensure your offer isn’t a result of adrenalin. Here are five things to do before getting caught up in the hot market:
Get in your car: Have you considered the traffic? Take a practice drive during rush hour to see what your commute might be.
Take a walk: Spend time in the neighborhood to check if there is a lot of road or construction noise nearby.
Look beyond the staging: A well-staged house can make small closets appear larger or lure you into buying a bigger space than you need. Ask yourself if the size of the house and the usable space is ideal for your situation.
Double-check the property condition: Can you afford the maintenance? While you might be open to minor repairs, you don’t want to be surprised with a fixer-upper.
Have a firm budget: Know ahead of time what your maximum price is and stick with it. It can be easy to pay much more than initially planned in a bidding war.
Don’t forget to ask your Realtor to keep you on track with your goals and budget. Having your offer accepted is a time for celebration, not regret.
The largest Realtor association in North Texas and fifth-largest real estate association in the U.S., Metro-Tex provides programs and services to over 27,000 professionals involved in all aspects of real estate.
For more information, visit dfwrealestate.com.