Wants vs Needs First you will want to start the Pre-Approval process. Then, before you begin looking at homes, determine what you must have and what you would like to have. Take time to thoroughly think this through; be realistic with yourself. Here is a link to our Weber Elite Checklist, or continue reading for more tips:
What exactly is a pre-approval letter? A mortgage pre-approval letter from a qualified lender assures all parties involved in the process of a real estate transaction that the buyer (you), has the ability to complete the purchase of any home which meets the lender’s guidelines.
You may be thinking, “Why do we need to be pre-approved? Why can’t we start looking at homes and put an offer on one we love?”. Pre-approval letters benefit all parties involved with the home-buying process. Let us explain why they are a necessity.
Do Your Homework Now that you know what you need, you need to figure out where to find it. What area do you want to live in? Will you want to favor work commutes or school commutes? We’ve outlined a good place to start to the right.
- Locations throughout St. Charles & St. Louis County
- Area crime rates
- Local school districts
- Lot size
- Lifestyle amenities
Finally, determine your monthly budget. How much can you afford to pay each month along with additional expenses such as utilities, groceries, entertainment, etc. Feeling overwhelmed? Don’t worry, we can help!
Get A Real Estate Agent Let us help you find your dream home! We will do all of the hard work for you. Realtors know how to search the database to find the best homes within your budget. We also know how to read the subtle language in home descriptions. For example, a “charming” home translates to a fixer-upper, and a ‘newer roof’ means the roof was replaced about 10 years ago. We are here to help support, inform, and arm you with the knowledge you need in order to make the best purchase.
When you find the house and are ready to put an offer on the table, we will handle all of the price negotiations for you. You don’t need to worry about haggling with the current homeowners or their agent, leave it up to us. Furthermore, we have a team and multiple resources to help you throughout your home buying process. Upgrade to Elite!
Final Words of Advice Ready to start your list of needs vs. wants? Taking a look at our Buyer Checklist is the best place to start.
Don’t stress yourself out! Buying a home is a major decision that should be made thoughtfully. The more information and time you take thinking about your likes and dislikes, the easier it will be to find your new home.