Dawna was simply amazing! She was knowledable and kept me well informed on the matters of the sale of my house. Beyond keeping me informed she took it upon herself to act as my instructor in real estate which was so very helpful. Dawna is also a wonderful and honest agent, it was such a pleasure working with her. Her assistant Jodi was also a real asset in the sale of my home. I thank you both so much!
- Get Professional Support: It is important to find a real estate agent that is best for your situation, and who can represent you as a buyer’s broker. Get referrals from friends you trust, talk to real estate attorneys and accountants for referrals. On average, most buyers interview at least two agents.
- Evaluate your situation: Look at your circumstances and see if homeownership is a good fit for your life, for today and/or the next 10+ years. Even if most of your friends own their home, it might be best for your personal circumstances to continue renting. Nationally, only about 65% of the population owns their homes.
- Explore the Market: Most buyers search the Multiple Listing service for available properties, but don’t rule out ‘For Sale by Owner’ (FSBO) listings. If you ignore them, you may be eliminating a portion of the market inventory. Even with non-listed properties, you can hire a buyer’s agent to represent you in your purchase. Avoid pocket listings, which usually result in the risk of dual agency, with an agent representing both you and the seller. Many pocket listing already have buyers before the listing comes on the market (unfair competition for prospective buyers).
- Look for Opportunity in Your Current Relationships: If you are a serious, qualified buyer, sellers need what you have to offer. Talk to the bank teller, message your contacts on social media, see if your landlord wants to sell any properties, ask relatives about any real estate opportunities. This may reveal some off-market listings and more inventory than might be only available to you and your agent.
- Don’t Rush Your Purchase: Consider how much time you have to choose a home. Does your current schedule allow for time to evaluate the market, see properties, and participate in the purchase process? Also, if your purchase is motivated by specific time periods, like a tax-deferred exchange or the start of a new job, your escrow closing date may be time sensitive. Starting to look at least 90+ days before you need to close escrow, if possible. This will give you a realistic time period to evaluate property condition, negotiate repairs, and get financing, if needed.