8 Tips to Guide for Your Home Search
1. Research before you look. Decide what features you most want to have in
a home, what neighborhoods you prefer, and how much you’d be willing
to spend each month for housing. We have a variety of resources available for you at Dhoward & Co./Lake Tahoe Real Estate Co.
First is your Buyer Specialist, who can search the Multiple Listing Services for the type of property you are looking for. We also
have two excellent search options for you to utilize from your own home. The first is our
Search Listings Page located within the
current site. The second is from our original site
RealtorDeb.com
2. Be realistic. It’s OK to be picky, but don’t be unrealistic
with your expectations. There’s no such thing as a perfect home. Use
your list of priorities as a guide to evaluate each property.
3. Get your finances in order. Review your credit report and be sure you have
enough money to cover your down payment and closing costs. Then, talk to a
lender and get prequalified for a mortgage. It is highly recommended that you work with a lender to get “pre-approval” for a loan. This
will give you additional bargaining power, and save you a great deal of time after an offer is accepted.
4. Don’t ask too many people for opinions. It will drive you crazy.
Select one or two people to turn to if you feel you need a second opinion,
but be ready to make the final decision on your own.
5. Decide your moving timeline. When is your lease up? Are you allowed to
sublet? How tight is the rental market in your area? All of these factors will
help you determine when you should move.
6. Think long term. Are you looking for a starter house with plans to move up in
a few years, do you plan to stay in this home for a longer period? Or in the case of Lake Tahoe, is this a vacation home for your family?
Do you plan to put it into a Vacation Rental Program. These decisions will dictate what type of home you’ll buy as well as the type of
mortgage terms that will best suit you.
7. Insist on a home inspection. If possible, get a warranty from the seller
to cover defects for one year. This is an area open for negotiation, but in today’s market, sellers are more inclined to pay for this item.
There are several nationally known Home Warranty Companies in South Lake Tahoe.
8. Get help from a REALTOR®. Hire a real estate professional who specializes
in buyer representation. Unlike a listing agent, whose first duty is to the seller, a Buyer’s Specialist is working only for you. Deb Howard & Co.
may be the only Real Estate company in South Lake Tahoe to offer exclusive Buyer’s Specialists. These specialists work for you, but are paid
through the commission received from the seller of the property.