A 3-Step Plan for Finding and Buying The Perfect Home In The Michiana Area1/29/2018
Ready to start your Michiana home search? Here's where to begin.
Chances are you’ve considered buying a home in Mishawaka, Granger, South Bend or Elkhart areas — maybe you even attended a couple of open houses in the Michiana area and ran the numbers. But once you get serious, there are a few points you need to consider before signing a contract and heading with your local Michiana realtor to your closing.
Buying a home takes more time and research than, say, buying a tablet, smartphone or the next hot game counsel. Before diving in, it’s important to understand the home buuying process. Every home buyer’s journey happens on a slightly different timeline, but here are some steps prospective buyers should take before they take action.
1. Search the Michiana area and discover
The home-buying process often occurs organically, and may begin a year or more before the actual purchase. You’ll get started by viewing homes online or driving the Michiana neighborhoods to discover what types of homes you can get in different price ranges.
Look at homes in your favorite neighborhoods, it could be in Mishawaka, Elkhart, Granger or South Bend and review statistics and reports on home values. Use this time to dream about some of your favorite home features, and start to put together a list of home priorities that you and your family must have.
Most first time home buyers or seasoned home buyers will find a property during this phase that prompts them to move to the next stage.
- It’s important to do the math and your required homework
Most would-be home buyers need a home loan to purchase a home. While the process has gotten easier as we’ve moved farther away from the financial and lending crisis, it can still be challenging if you’re not prepared.
You need to know what you and your family financially can afford, the types of loans available and how what you can afford will affect your home search in the Michiana area. Pull a credit report and understand your financial situation. Then you can get pre-approved. If you’re not sure where to go contact real estate agent Keith Raven and he would be happy to guide you to a few local lenders that are experts in the home lending process for the Michiana areas.
Many buyers need to repair their credit score, save more money or allow cash to season for some time before buying. Use the next few months to address any financial issues and budget your tax return money wisely in the event you want to use some of that as your down payment.
- Dive into the viewing process and have fun
At some point along the way, you should contact a local real estate agent like Keith Raven. These relationships form early, and having that person beside you during your search will be invaluable.
Go to open houses, make appointments and see as many homes as possible. Before making an offer, you’ll need to know the market inside and out. The more homes you see in the Michiana area, the more you will know about the markets in Elkhart, Mishawaka, Granger and South Bend, and the more confidence you will have when that dream house comes along.
And if you miss out on a deal or two, it’s okay. It’s all part of the process. Don’t feel rushed, and realize that the home search often becomes a part-time job. Have fun with it.
If you find yourself in the real estate market prior to doing significant research, you may be jumping the gun. Unlike a tablet, smartphone or even a car, a home is a long-term investment — and a special one at that. It’s where your life will happen. Move too quickly and buyer’s remorse can creep in.