From touring homes to exploring the communities you are most interested in, home buying is like an adventure. And, right now, more homes are being purchased than in the last 15 years, making it truly a buyer’s market. Are you thinking about embarking on your home-buying adventure? Let the reliable realtors at the Lisa Mullins Team help you out with this simple guide to purchasing your first home in Northwest Indiana.
Arguably one of the most important steps in purchasing your first home is finding the right realtor. Your agent can make or break your experience, and we want you to have the best experience possible. When you work with the agents at the Lisa Mullins Team, you can rest assured that you will be in capable hands. Our team is full of knowledgeable and skilled real estate agents that love to help our clients find the best homes that fit their needs. Plus, we know the market like the back of our hands, allowing us to identify the best deals on homes in the region.
Before you set your sights on the home of your dreams, determine how much you can afford to spend on your new home. Always leave room to budget for other homeowning costs, such as property taxes, homeowners insurance, and, if applicable, HOA fees.
Finding a responsive, trustworthy lender for your mortgage needs is essential. Look for a lender that offers low-interest rates and has experience working in the mortgage landscape. Always shop around for a lender, as different mortgage companies offer different rates and resources for their borrowers. Credit unions, mortgage bankers, correspondent lenders, and mutual savings banks are all options to look into when looking for a reliable lender.
While the realtors at the Lisa Mullins Team can help you find the best homes and give you additional information on the communities and neighborhoods you are interested in, having a general idea of where you would like to live, and the amenities that are essential to you and your family can make the home search process that much easier. We will take that information and run with it while looking for homes for you and your family.
While that super-trendy tiny home may seem appealing now, will you still want to live there in three years? What about five? Thinking about the future is one of the best things you can do for yourself when purchasing a home. Do you want the room to expand your family without having to purchase a new home? Have you thought about the schools that your children will be going to if you move to this particular neighborhood? What happens if you have a career shift and change companies? These are all things to keep in mind when you’re touring homes. Of course, the first home you purchase will likely not be your last, but finding a home that can accommodate your family’s needs for the next five to seven years will help you save stress and money.
Don’t settle for the listing price! Often, the sellers will list their home for the maximum amount their home was appraised for. However, that doesn’t mean that you are stuck paying that amount. Have a skilled realtor from the Lisa Mullins Team negotiate for an attractive and reasonable price for the home that you have chosen.
The home inspection process provides you with the opportunity to identify any major issues with the home before you close. This gives you a chance to retract your offer if there are significant defects with the home, oftentimes without being penalized.
Aforementioned, working with a great realtor is the key to having a successful home buying experience. When you work with our award-winning team, we can assist you in every step of the buying and closing process. Contact our office today to schedule a consultation with an experienced, compassionate realtor at the Lisa Mullins Team.