Things You Need to Know Before You Buy a Home

by Rudden|Bobruska Team 02/14/2021

Buying your dream home may prove to be a long, arduous process. Thankfully, those who prepare for the homebuying journey can limit the risk of encountering hurdles along the way. And as a result, these homebuyers may be better equipped than others to enjoy a fast, seamless property buying experience.

Now, let's take a look at three things you need to know before you launch a home search.

1. The current housing market may favor buyers or sellers.

It generally is a good idea to evaluate the current housing market closely. That way, you can differentiate a buyer's market from a seller's market and map out your homebuying journey accordingly.

A buyer's market typically features a wide range of quality houses that may remain available for several weeks or months after they are listed. Comparatively, a seller's market usually is defined by a shortage of top-notch homes, and houses may be purchased just days after they become available.

Regardless of whether you are operating in a buyer's or seller's market, it helps to refine your home search. If you enter the housing market with homebuying criteria, you can narrow your search for your ideal residence. Then, once you find your dream house, you can act quickly to submit an offer to purchase it.

2. You may want to get pre-approved for a mortgage.

If you get pre-approved for a mortgage, you can begin your house search with a budget in hand. You next can hone your home search to residences that fall within your price range.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you everything you need to know about fixed- and adjustable-rate mortgages. They also can help you make an informed mortgage selection in no time at all.

3. Having a real estate agent at your side can make a world of difference.

Homebuyers who try to navigate the property buying journey alone may struggle to achieve their desired results. On the other hand, if you hire a real estate agent, you can receive expert assistance as you search for your dream house.

A real estate agent understands what it takes to streamline the homebuying cycle. Thus, if you want to acquire a first-rate house as quickly as possible, a real estate agent can help you do just that. Or, if you want to find a stellar residence that won't force you to break your budget, a real estate agent will make it simple to discover an affordable house that suits you perfectly.

Furthermore, a real estate agent can respond to your homebuying concerns and queries. And if you are ever uncertain about how to proceed along the homebuying journey, a real estate agent is ready to provide tips and recommendations.

Want to enjoy a successful homebuying experience? Start planning for the homebuying journey today, and you can boost the likelihood of achieving the best-possible results.

About the Author
Author

Rudden|Bobruska Team

Gary Rudden, Lisa Rudden, and Nick Bobruska  

RUDDEN BOBRUSKA TEAM

What sets your team apart from other real estate teams?

There is no team out in the market that offers what we do. All of us are Realtors, but

we each have specialized roles, which make our team so unique!

After decades of living and selling real estate in the DMV, we have established

ourselves as one of the top real estate teams with our market expertise and

cutting-edge technology. Our savvy high-tech marketing is on every website

and social media source. We have a huge network with other top agents, which

helps to premarket homes and discover homes for buyers before they reach the

open market. Our services include professional in-house staging services, broker

expertise in negotiating and navigating contracts, and buyer representation in all

price ranges. Each client has different needs and we create a marketing plan based

on those needs.

Our most distinct feature is our in-house construction and renovation team. We

are literally a full-service, one-stop shop when selling or buying a home!

How does the in-house construction and renovation team work?

All work is managed and completed through our licensed and bonded construction

crew. No need to call outside contractors. We are like “HGTV,” but we just don’t

have a show! Whether it’s a small makeover or a major renovation, we do it all. Our

sellers love this aspect of our team because we make preparing your home for the

market so seamless. Our buyers love the advice and insight we can give for future

renovations and repairs.

Having a licensed Maryland Home Improvement contractor as part of our team

along with the knowledge, experience, commitment and services that we offer, truly

puts our team as a vanguard in the real estate industry.