Common Homebuying Concerns, and How to Address Them

by D.D. Dolan 05/26/2019

If you plan to buy a home in the immediate future, there are several concerns that you should address before you embark on your house search. In fact, some of the most common homebuying concerns include:

1. Lack of Home Financing

You know you want to purchase a house, but obtaining financing sometimes is difficult. Fortunately, if you meet with various banks and credit unions, you can review all of the home financing options at your disposal and map out your home search accordingly.

Remember, there is no such thing as a "bad" question to ask a bank or credit union relative to home financing. Banks and credit unions employ courteous, knowledgeable home financing specialists who are happy to assist you in any way possible. These specialists can respond to your home financing concerns, and as a result, help you make an informed mortgage selection.

2. Tight Homebuying Timeline

If you are tasked with relocating to a new home as quickly as possible, you may have to conduct a fast house search. But if you explore ways to maximize your time and resources, you could boost the likelihood of conducting a successful home search, regardless of your homebuying timeline.

Oftentimes, it helps to make a list of homebuying tasks that you need to complete. You then can establish goals designed to help you stay on track with your homebuying timeline.

You also should keep a close eye on the housing sector in your preferred cities and towns. That way, if a great home at a budget-friendly price becomes available, you can instantly pounce at this homebuying opportunity.

3. Establishing Realistic Homebuying Expectations

The homebuying journey offers no guarantees. If you enter the housing market with realistic expectations, however, you can avoid potential disappointments during your home search.

To establish realistic homebuying expectations, it generally is a good idea to make a list of home must-haves and wants. This list will allow you to hone your house search to residences that meet your criteria. It also can help focus on available residences that fall within your price range.

In addition, it often helps to hire a real estate agent before you conduct a house search. A real estate agent can teach you everything you need to know about finding and purchasing a house. Plus, he or she can provide expert insights at each stage of the homebuying journey.

Let's not forget about the assistance that a real estate agent provides when you are ready to submit an offer to purchase a home, either. At this point, a real estate agent will help you craft a competitive homebuying proposal and submit it to a seller. If a seller accepts your offer, a real estate agent then will help you finalize your house purchase.

Ready to embark on the homebuying journey? Address your homebuying concerns, and you can minimize risk as you begin your search for your ideal residence.

About the Author
Author

D.D. Dolan

SReS SRS GRI e-PRO

First, let me be clear about what I am not. I am not just another salesperson. I am a service professional. Buying or selling your home is a significant and often emotional event in your life; it is not at all the same as buying a product in a store. Choosing the right Real Estate Professional to assist you is essential. Just as you rely on your attorney or accountant to serve your interests with honesty, diligence and integrity, so can you rely on me to represent your real estate interests in the same manner. Real Estate is a Service Profession and my approach is Client-Oriented. Identifying the clients' needs is the first, and most important step in the practice of Real Estate. My skills, dedication, and "straight talk”, combined with enthusiasm and professionalism make me a valuable asset to the buyers and sellers I represent. I will help you easily navigate the complexities of the Real Estate process for a superior service experience. 

EXPERIENCE: 

Re-sales and new construction, across all segments of the residential market: Single-family homes, Condominiums, and Co-operatives 

DESIGNATIONS AND ASSOCIATIONS:

Licensed Associate Broker, New York State 

Member, National Association of Realtors 

Member, New York State Association of Realtors 

Seller Representative Specialist Seniors Real Estate Specialist 

Graduate, Realtor Institute 

e-Pro Certified 

Certified Home Marketing Specialist 

Past President, White Plains Outdoor Arts Festival

EDUCATION: 

BA in Political Science with Minors in English and History from William Smith College, Geneva, New York

2 years attendance Syracuse University College of Law