Compass

Do You Need a Homebuying Plan?

by Lorrie French 09/01/2019

If you want to enjoy a seamless homebuying experience, it generally is a good idea to establish a property buying plan. That way, you can take a step-by-step approach to make your homeownership dream come true.

As you prepare a homebuying strategy, there are several factors to consider. These factors include:

1. Your Dream Home Definition

There is no one-size-fits-all definition of a dream home. Instead, this definition varies from buyer to buyer. But if you define your ideal residence, you can narrow your house search accordingly.

Think about the features you require from a home. For instance, if you want a house that offers multiple bedrooms, you can search for residences that provide you with the space you need. On the other hand, if you want a home that boasts a deluxe swimming pool, you can search for a residence that offers this feature.

Consider where you want to reside, too. By doing so, you can search for homes in a select group of cities and towns.

2. Your Homebuying Budget

You likely have only a finite amount of money that you can spend on a residence. Thankfully, if you establish a homebuying budget, you can search for houses that fall within your price range.

Oftentimes, it helps to meet with banks and credit unions before you start a house search. These financial institutions can teach you about a broad array of home financing options.

Don't hesitate to discuss your home financing options with a variety of banks and credit unions, either. If you check out myriad home financing options, you can select a mortgage that complements your finances perfectly.

3. Your Homebuying Timeline

You may want to create a timeline for buying a house. With this timeline in place, you will know precisely how many days, weeks or months you have to find and acquire your dream residence.

If possible, you should maintain a flexible homebuying timeline. There is no telling when problems may arise as you search for your dream house. And if your homebuying timeline is flexible, you can adjust it at any time.

For those who want to streamline the homebuying journey, you may want to employ a real estate agent as well. This housing market professional will go above and beyond the call of duty to help you find a great home at a budget-friendly price. Plus, he or she can offer expert guidance as you craft a property buying strategy.

Also, as you navigate the homebuying journey, a real estate agent will respond to any concerns or questions. Perhaps best of all, a real estate agent is happy to provide homebuying tips and recommendations that you may struggle to receive elsewhere.

Ready to transform your homebuying vision into a reality? Craft a homebuying strategy today – you will be glad you did. Once you have a homebuying plan at your disposal, you can navigate the property buying journey with poise and confidence.

About the Author
Author

Lorrie French

"Where the Accent is on Service”

DRE#00910990

Lorrie is a San Francisco native and has 30 years of experience as a realtor/broker.  She knows the heartbeat  of the city.  From Russian Hill to SOMA from the Bayview District to the Marina, you’ll find her helping buyers and sellers handle their real estate needs.  Lorrie’s expertise in marketing, negotiating, and achieving results could be beneficial to you.  She takes pride on her ability to listen, communicate and most importantly, care about her clients.

  • Realtor designation - 1986
  • Graduate, Realtor Institute - 1992
  • Certified Residential Specialist - 1997
  • Broker designation - 1999
  • Senior Real Estate Specialists - 2005
  • Certified International Property Specialist - 2017

Lorrie is associated with:

  • California Association of Realtors
  • National Association of Realtors
  • Woman’s Council of Realtor
  • Past Director on the San Francisco Association of Realtors’ board
  • Director on the California Association of Realtors
  • Serves on the Legislative Committee and Professional Standards of the San Francisco Association of Realtors                             

She is active in the American Cancer Society, neighborhood associations, and Friends of the Urban Forest.  Her activities include yoga, biking, golf, and walking.

Lorrie attributes her success to experience, market knowledge, professionalism, and excellent communication.  Lorrie believes that buying or selling a home should be left to a professional -- not to chance.  Like with any major investment, one should be careful to seek out the best advice and assistance available. This is where Lorrie stands out; in fact, her track record of proven success and client satisfaction is the best assurance of the same outstanding service you will receive when you buy or sell with Lorrie.  She invites you to contact her and explore how she may assist you in a purchase or sale in the City by the Bay.