Once you have obtained a mortgage pre-approval and selected a real estate agent, you are ready to begin your home search.
Using the guidelines you set forth, your agent will present you with available listings. In addition to price and property attributes, pay close attention to data like property taxes, market time and monthly assessments for condos.
Your agent will schedule showings and accompany you on each appointment. When you walk through a home, some things to consider are: how the space functions for your lifestyle, what’s included in the total square footage, and, in new construction, which features are standard and which are upgrades.
Remember, if you are attending an open house without your agent, be sure to mention that you are being represented by a John R. Wood agent. This will save you from being inundated with calls from other agents trying to represent you. Ask your agent to supply you with some of his or her business cards to make the open house sign-in process even easier.
Discuss each home you see with your agent and provide candid feedback. Your expectations and the marketplace will begin to converge, and your agent will be able to adjust certain parameters such as location and features in order to present you with alternatives. When you find a home and are ready to make an offer, your agent will perform a Comparable Market Analysis, a report that compares the subject property with other properties that are currently listed and recently sold to help you formulate your offer.