There’s a lot of activity going on in the housing market in the greater Nashville area. As we’re starting to see a rebound from the effects of COVID-19, many consumers ask for helpful tips as they start their homebuying journey. I’ve talked to many homeowners who have started with the vision of what their new home could look like, but the home they end up with is entirely different from that initial conversation. One of the first pieces of advice I can give a future homeowner is to be flexible.
Flexibility can look different to everyone, but the most important thing to remember is being open-minded. I recently spoke to a couple who started their home buying journey thinking they could only afford a $250,000 home, but after speaking with a lender, they found out they qualified for a $360,000 home. So, it’s essential to know what you are eligible for before you search for homes.
Next, create a wish list of things that you absolutely have to have in your new home, whether that be a garage or a pool. Knowing these specific requests can help your Realtor narrow down your search to find the best options for you. It’s also important to know the difference between things you are unwilling to compromise on and what you are willing to compromise. Take the couple I mentioned before; their $360,000 budget could get more house for their money in some areas than others. They were able to weigh the pros and cons while deciding if location or amenities were more important.
Another thing to keep in mind is when you look at a home, remember that cosmetic details can be modified. Slight changes to a home over time can make an enormous difference.
The final thought I’ll leave you with is making sure you communicate to your Realtor consistently throughout the process so they can better assist you in finding the right homes for you to review. Also, it’s important to know the first home you put an offer on may not be the one you get. Sometimes you’ll put in multiple offers before you find your final home, and that’s okay. Remember that buying a home is a journey, not a sprint, but your Realtor will guide you through the process from start to finish.
The content above is featured each Sunday in the RealDeal Column of The Tennessean,