If you are thinking of purchasing real estate in Northern Maine, we can help you along the way. It all may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended! If you have any questions or would like more information, please feel free to contact us today!
Location, Location, Location!
The first rule of real estate: Location, location, location. It is imperative to choose your neighborhood wisely. Your neighborhood is as invaluable as your home—probably more. Why? For starters, your house is only as good as the houses around you. If you are investing on a property for rental, or even making a home your primary residence, thinking of the future is crucial.
Yet, not everything in home buying is all about the location. The type of house you want to purchase is another important consideration because defining it dictates the other requirements: budget, mortgage plan, future renovations, maintenance, etc.
How much can you afford?
Get pre-approved for a mortgage loan. Line up you finances and set aside a down payment. By doing your homework upfront, you will know exactly how much you can afford and what it will cost you. Showing the seller you are preapproved for a loan gives you an edge during offer negotiations.
List of Needs & Wants.
Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
Focus & Organization. In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:
- A file of the properties that your agent has shown to you
- Paper and pen, for taking notes as you search
- Digital or video camera to help refresh your memory on individual properties, especially if you are attending a series of showings
Visualize the house empty & with your décor. Are the rooms laid out to fit your needs? Is there enough light?
Be Objective. Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don't make a hurried decision that you may regret later.