Key Issues to Address Before You Buy a Home

by John Torres 06/09/2019

If you intend to purchase a house soon, it helps to prepare for the home buying journey. In fact, if you identify potential issues before you start your quest to find your dream home, you could avoid them during your property search.

Now, let's take a look at three common issues that plague homebuyers, along with tips to address these problems.

1. Lack of Home Financing

In some instances, a homebuyer will check out residences and find one that matches their expectations. Next, this buyer will submit an offer to purchase a home that ultimately gets accepted. At this point, however, the buyer may discover that they lack the necessary financing to acquire this home.

Entering the housing market with financing in hand is ideal. If a buyer gets pre-approved for a mortgage, they will know precisely how much money is available for a home purchase. As a result, this buyer can map out their home search accordingly.

To get pre-approved for a mortgage, it helps to meet with a variety of banks and credit unions. These financial institutions can teach a homebuyer about his or her mortgage options. Plus, they can help you make an informed mortgage selection.

2. Tight Home-buying Timeline

If you have only a limited amount of time to move from your current address, you may rush to purchase a house. In this scenario, you risk making a rash home purchase – something that may prove to be problematic both now and in the future.

For buyers who face a tight home-buying timeline, there is no need to stress. If you make a list of home-buying tasks you need to accomplish, you can take a step-by-step approach to the property buying journey.

3. Unrealistic Home-buying Expectations

You may expect to buy your dream residence without delay. Yet the real estate market offers no guarantees. And in certain instances, it may take many weeks or months before a buyer finds a house that they want to purchase.

To establish realistic home-buying expectations, it usually is a good idea to work with a property buying expert. Lucky for you, real estate agents are available in cities and towns nationwide, and they can provide home-buying insights that you may struggle to obtain elsewhere.

A real estate agent is committed to a homebuyer's success. As such, he or she will work with a homebuyer and help them prepare for the housing market. A real estate agent will also set up home showings and provide feedback about available residences in a buyer's preferred cities and towns. And if a buyer finds a house that they want to purchase, a real estate agent will help this individual put together a competitive home-buying proposal, too.

When it comes to purchasing a home, you should plan for the best - and worst-case scenarios. If you consider the aforementioned home-buying issues before you begin your house search, you can boost the likelihood of enjoying a successful property buying experience.

About the Author
Author

John Torres

John Torres began his career in real estate with the CENTURY 21 Les Ryan’s Healdsburg Realtors office in 1986.  John rapidly became a Multi-Million Dollar producer in both listings and sales of Sonoma County properties.  He is a member of the North County Council of Realtors, National Association of Realtors and California Association of Realtors.  John has served on the Land Use Advisory Panel for Sonoma County.  John served as the Northern California Century 21 representative to the Easter Seals Society for 13 years.

The North County Council of Realtors® selected Mr. Torres “Realtor of the Year” in both 1988 and 1992.  In 1993, John became a partner in the CENTURY 21 Les Ryan’s Healdsburg Realtors office and managed the office from 2001 – 2011. The office became a part of CENTURY 21 NorthBay Alliance in March 2011.  CENTURY 21 has been a member of the Healdsburg Area Chamber of Commerce since 1977 and of the Geyserville Chamber of Commerce since 2004.

As a Centurion Producer since 1998, and a Double Centurion in 2004, John has demonstrated his ability to consistently provide quality service to his clients who are both sellers and buyers of real estate.  In recognition of his achievements, John was inducted into the Century 21 Centurion Honor Society at the International Convention in 2007 and again in 2017.  Many of John’s clients return to him over the years and he has a large referral clientele.

John actively supports his community in many ways.  He has served on the Board of Directors of the Healdsburg Boys & Girls Club, Board of Directors of the Healdsburg High School Boosters Club, and the Healdsburg Pop Warner Football organization.  He chaired the Easter Seal Golf Tournament in Healdsburg for 12 years, and originated and chaired for 6 years a fundraising golf tournament for the Healdsburg High School Boosters.  John also organized and chaired the North County Council of Realtors Golf Tournament benefiting the Healdsburg Food Pantry for six years.  He coached Pop Warner Football teams for 10 years, was the Healdsburg High School Freshman Football Coach for 5 years and was the Varsity Golf Coach at Healdsburg High School for 10 years.  John now serves his community as a member of Rotary Club of Healdsburg and is active in his church and the local Italian Catholic Federation.

John Torres is a professional with 30+ years of experience who is dedicated to providing his clients with the best service possible.