Common Homebuying Concerns, and How to Address Them

by Donna Vaccaro 09/08/2019

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

Donna Vaccaro

Prior to becoming a licensed Realtor® Donna owned and operated a successful computer company for 30 years. Over the years Donna has strived to build a business reputation of honesty, integrity and hard work which transcends into her real estate profession. Her knowledge of the Shoreline as a business owner, and community activities, as well as Donna’s sales, marketing and financial expertise provide a unique and effective set of skills to her clients and customers. As an Realtor®, Donna is committed to delivering her clients a positive and excellent customer service experience from the beginning of the transaction through closing. Donna brings her knowledge acquired as a savvy business owner and applies this in a manner that helps in the decision making process. She is effectively applying the latest technology to the local Real Estate market while providing a personal touch that is so important in all Real Estate transactions. Born and raised in Rhode Island, she moved to the Connecticut Shoreline and raised 3 daughters. As a longtime resident of CT, Donna works with both Sellers and Buyers servicing East Haven, Branford, North Branford, Guilford, Madison, Clinton, Killingworth, Westbrook and Old Saybrook and specializes in residential sales, land, condos, water-oriented properties and rentals. She is knowledgeable about both the Connecticut and Rhode Island Shoreline areas. Donna is a member of the Middlesex Shoreline Board of Realtors, the Connecticut Association of Realtors and the National Association of Realtors.