#1. Know What Kind of Home you Want
Understand the type of home that suits your personality. Do you prefer a new or existing home? A ranch or a multi story home? If you’re leaning toward a fixer-upper, are you truly handy, or will you need to budget for contractors? Ask yourself all these questions to figure out the kind of house you want before you start looking.
#2. Get your Finances in Order
Begin to create a budget so you know what price range you can afford to buy a house in. Ask your realtor about getting a mortgage. Don't wait until you've found a home to figure these things out! You can also contact your bank to see what you are eligible for. It takes time, and is crucial to finding the perfect home for you.
#3. Think Long-Term
Your future plans help dictate what kind of home you'd like to buy. Are you planning to stay in this home? Do you think you’ll sell it soon? Can you see yourself living here for a long period of time? All of these questions will help you decide what kind of home is best for you!
#4. Be Realistic
It can be hard finding a home that is “perfect.” Try not to think about the minor flaws, but rather look at the big picture. Some things can be changed in the future, but don’t base your decision on a single thing. Take everything in the home into account.
#5. Set a Moving Timeline
Do you have things on your credit that will take time to clear up? Have you sold your current home? If not, you’ll need to factor in the time needed to sell. If you rent, when is your lease up? All these factors will affect your buying, closing, and moving timelines.
#6. Don't Try and "Time" the Market
Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate goes up and it goes down and it goes back up again. If you try to wait for the perfect time, you might miss out on a great opportunity.