Dawna is a real pro! I am so glad she was on our team. For nearly four years she guided us through the volatility of the San Luis Obispo housing market, answering our questions from a far (we live in Montana) and flagging appropriate properties or developments along the way. When the timing was right and we found just what we were looking for, Dawna expertly guided us through the negotiations and inspections. This wasn't our first home buying experience, but we really appreciated how easy Dawna and her assistant made the whole process. We successfully closed in less than 30 days.
- Determine now if you want to fix up a house or not. Many buyers are willing to make light cosmetic changes like painting, but if repairs are left to the buyer in a transaction and they are not prepared or skilled, the joy of a good deal can dissolve quickly.
- Decide what is most important: a great deal or a great house. Remember that the right house will always be there when you are ready. And if faced with the opportunity, you might even be willing to pay more than the asking price to get a great home.
- Work with your agent, in advance, to create a plan for your purchase, including financing, saving for downpayment, and timing. Start looking seriously at online real estate sites, only after you have a plan.
- Learn about the local real estate market. The real estate market is local, not national. There are some areas of our county that have maintained value better than others. The market also cycles, even locally.
- Expect competition and do your research. Even if you find a property you like, you may be competing with many other buyers, some with all cash. Property histories, as in past distress, non-arms-length transactions, etc., are not always revealed in public marketing materials, and may require more in-depth investigation by your agent.