From New York to North Carolina and Cincinnati to Southwest Florida real estate, spring often represents a time of increased market activity. And we saw recently, how there’s a number of ways you can get ready in advance for it. While it’s only February, if you’re purchasing a home in the next few months, this is the time to make several of your final preparations.
Of course, it’s true that for Southwest Florida real estate, we often see a good deal of buying activity even in the winter months. In fact, I’m looking at data right now that shows how our region had several healthy key metrics leading into 2018. But as springtime approaches, that trend will likely accelerate even more. And the last thing you want is to not be prepared when other buyers are going for the same property.
With that in mind, let’s look at more tips that can give you peace of mind during your home purchase and a busy market.
Review your options for loan programs
FHA, VA loans, and more. If you haven’t taken the opportunity to review loan programs yet, now is the time. There are several that are common and can even offer factors like 0% down payment.
Get pre-approved
Of course, you’ll also want to get pre-approved for your loan. This step starts the loan process, and remember, you’re allowed to shop banks for what works best for your situation.
Set your budget
Once you’ve had a chance to talk with any co-buyers, you’ll also want to set your budget. I recommend setting a budget range that gives you the flexibility to look at a number of properties.
Stay flexible
Speaking of flexibility, this is also the time to prep yourself on being able to adapt to what’s available. After all, one house may have some of the features you want most, while another has others.
Narrow in on your favorite locations
Although many buyers have an idea of where they might want to live, I also like to recommend narrowing in on a few locations. After all, for Southwest Florida real estate, for example, there are many areas that have wonderful amenities and affordable housing.
Get your paperwork together
Applying for loans, talking with inspectors, and comparing prices. These are just the start. And with many of these activities comes the need for paperwork. I like to recommend that you keep a folder with everything you’ll need.
Set your projects
Once you’ve started to hone in on which properties may be most worthy of your interest, you can start on something I love…and that’s considering the possibilities. From kitchen upgrades to backyard enhancements, your dream home will come with endless possibilities.
Meet with your trusted realtor
Still, one of the most important parts of preparing for a busy home-buying season is meeting with your Realtor. For Southwest Florida real estate, it can mean the difference between tens of thousands of dollars and finding the home you love.
And my real estate team is always ready to be your source for everything Southwest Florida. Give us an email for more tips!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service