When finding what you think is the perfect house, your first instinct may be to act fast. However, it can be helpful to take a moment to ensure your offer isn’t a result of adrenalin. Here are five things to do before getting caught up in the hot market:
Get In Your Car
Have you considered the traffic? Take a practice drive during rush hour to see what your commute might be.
Take a Walk
Spend time in the neighborhood to check if there is a lot of road or construction noise nearby.
Look Beyond the Staging
A well-staged house can make small closets appear larger or lure you into buying a bigger space than you need. Ask yourself if the size of the house and the usable space is ideal for your situation.
Double Check the Property Condition
Can you afford the maintenance? While you might be open to minor repairs, you don’t want to be surprised with a fixer-upper.
Have a Firm Budget
Know ahead of time what your maximum price is and stick with it. It can be easy to pay much more than initially planned in a bidding war.
Don’t forget to ask your REALTOR® to keep you on track with your goals and budget. Having your offer accepted is a time for celebration, not regret.