If you are like most people, then setting out to find a new home isn’t something you do every day. For those who purchase investment properties, searching through Florida foreclosure lists or viewing potential property sales in Jacksonville might be commonplace, but for those looking for a new home, experiences between buying your first house and looking for a second home could be years apart.
Whether you are searching for your first home, looking to upgrade to a larger property or are hoping to find a retirement home to settle down in, there are a few basic rules that you should keep in mind.
- Consider the Time Frame. How long are you planning on being in a certain area? This is a big question when it comes to buying a home. When the housing market was growing daily, it made sense for a lot of people to buy a home to live in for a year before they moved on. This isn’t always the case anymore. If you are hoping to stay put for a while then great. If you aren’t sure, then talk with your real estate specialist before making any decisions.
- Don’t Get Discouraged. There are all sorts of traditional real estate “rules” that have plenty of gray areas. For example, it isn’t always necessary to have 20 percent to put down as a deposit on a home. If your credit is in decent shape it is perfectly possible to find a good home loan without so large of a deposit up front. Before making any assumptions, talk with a real estate professional.
- Plan ahead. When you make the decision to buy a home, don’t think in terms of weeks or months—think years. When a young couple is buying their first home a large family may be the last thing on their mind, but years down the road this can change. If you can, make plans when buying your home and attempt to accommodate obstacles the future might bring. If you expect to have a large family, then look for a home with a few extra bedrooms.
When you are looking through property sales in Jacksonville, remember that you are not alone. The process of finding a home is stressful, and when you couple the traditional stressors of location and home condition with the added paperwork and complications of purchasing a short sale or Jacksonville foreclosure, you are in for a bumpy ride.
For more information on what to look for as you browse property sales in Jacksonville, contact us.