A Historic Rebound for the Housing MarketPending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors;(
5 Tips For Starting Your Northern NJ Home Search
In today’s market, low inventory dominates the conversation in many areas of the country, including northern New Jersey. Moving quickly on the home you want is a must. This leads to frustration for first-time homebuyers not prepared to do just that. In order to help, Team Nest Builder provides five tips from realtor.com’s article, “How to Find Your Dream Home—Without Losing Your Mind.”
Get Pre-Approved for a Mortgage Before You Start Your Search
One way to show you’re serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage. Even if you’re in a market that is not as competitive, understanding your budget gives you the confidence of knowing whether or not your dream home is within your reach. This helps in avoiding the disappointment of falling in love with a home well outside your price range.
Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’
Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Before you start your search, list all the features of a home you would like. Qualify them as ‘must-haves’, ‘should-haves’, or ‘absolute-wish list’ items. This helps you stay focused on what’s most important.
Research and Choose a Neighborhood Where You Want to Live
Every neighborhood has unique charm. Before you commit to a home based solely on the house itself, take a test-drive of the area. Make sure it meets your needs for “amenities, commute, school district, etc. and then spend a weekend exploring before you commit.”
Pick a House Style You Love and Stick to It
Evaluate your family’s needs and settle on a style of home that’ll best serve those needs. Just because you’ve narrowed your search to a zip code doesn’t mean you need to tour every listing in that vicinity. An example from the article says, “if you have several younger kids and don’t want your bedroom on a different level, steer clear of Cape Cod–style homes, which typically feature two or more bedrooms on the upper level and the master on the main.”
Document Your Home Visits
Once you start touring homes, the features of each individual home start to blur together. The article suggests keeping your camera handy and making notes on the listing sheet to document what you love and don’t love about each property you visit.
In a high-paced, competitive environment, any advantage you give yourself helps you on your path to buying your dream home. The best advantage? A realtor who possesses deep knowledge of the area, community and homes in which you’re interested. That realtor is Team Nest Builder’s Lynn Garafola. Call Lynn today at 973-222-3777 to start your home-buying process!
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