Can’t Find a Suitable Home Regardless Of Your Budget?

The odds are very good that you will find a home that suits your needs only if you know them.

To help you out we came up with 5 things to do when buying a house.

  1. Identify your budget (Get a Pre-approval)

7027596629_e957edefb5_kBefore house hunting, get pre-approved.

Getting pre-approved will you save yourself the grief of looking at houses you can’t afford and put you in a better position to make a serious offer when you do find the right house. Pre-approval from a bank is based on your actual income, debt and credit history.

If you can’t put down the usual 25 percent, you may still qualify for a loan.

There are a variety of banks that, if you qualify, offer mortgages that require a small down payment.

Aim for a home you can really afford.

Work out the true cost of buying. It’s not as easy as get a mortgage, grab the keys and, you’re in. Buying a home’s almost guaranteed to cost more than you think. Here’s what to factor in.

Registration Fees:

The Registration fees will cost you around 5.7% from the contract value.

Removal costs:


Unless you can pile your belongings into the back of a car, than you should consider checking how much it will cost you to move your furniture and belonging. The cost might vary but it is a necessary step that you should cover.

Home repairs:

From flaky paintwork to leaky sinks, put aside some cash for unexpected property maintenance. “If it’s an old house, expect to undo everything and do 10 other things you didn’t expect to do before you start a job.”


Furniture and extras:

Remember you’ll need to buy everything from beds and sofas to carpets, then there are the boring but essential extras: light bulbs, lamp shades, toilet brush, washing up bowl, door mats, hooks and extension leads and the list will never end. Unless you’re moving them with you then again you have to consider the removal cost.


Subscription fees such as water, Generator, Common Expenses, Generator, Electricity, Cable etc.


  1. Identify Needs & Wants:

Just because you may feel restricted by price ranges especially if this is your first home purchase don’t let anybody tell you that you can’t afford to be choosy when looking for a home to buy! You are unique. You have desires and needs, hopes and dreams for your new home that are different from your parent’s, friend’s or coworker’s.

Make a list of items to check:

Home buying is an emotional process. Ideally, you should set aside all your emotions when evaluating a house. Practically, that is impossible. Instead, make a checklist of your must haves, nice-to-haves and other essentials. Then print copies of this checklist. Every time you visit a house, take the checklist along with you; take photographs so you can cross each item off your list. If you fall in love with the house and your checklist shows that the house has none of your must-haves, it will at least make you pause and think.


  • Write down every amenity you want and find out if those types of homes are in your price range.
  • Weigh the benefits of desired amenities, wants and needs, over location. If you want a three bedroom but can realistically afford a two bedroom in the neighborhood you want, are you willing to move into a smaller home? Or would you rather look in a different neighborhood of three bedroom homes, offered at a price you prefer?
  • Rate the importance of each specific and figure out which you will compromise on and which you will not. For example, are you willing to give up a garage to live in an urban area where garages are scarce?
  • Put together a list of home types you definitely do not want to look at.

After all, wouldn’t you rather look at 10 homes that are nearly perfect for you instead of 50 you can’t even remember?

It’s your agent’s job to help you find the right home, but it doesn’t mean you have to do all the legwork yourself. Consider putting your agent to work instead.

  1. Find an Agent:

Buying a home appliance that you saw in a newspaper ad could turn out to be a disappointment if the appliance doesn’t work correctly. Buying a home without proper help could have disastrous consequences.

We believe that you should consider hiring a buyer’s agent first. But you don’t have to if you prefer to go through a mumbo jumbo of homes online. Mostly, an agent will go beyond the actual job of finding the right property for you, buyer rep performs additional tasks such as negotiating the price, estimating the market value, checking legal aspects, help coordinate property inspections, facilitating the registration procedures, provide financial support, etc. All these processes are necessary for home ownership, whether a buyer rep/broker is involved or not.

It makes sense that if you want to buy and your agent wants to sell, the agent should show you homes that you actually would buy. By skipping homes that don’t fit your parameters, you have more time to look at homes that do fit your specifics.


  1. Looking:

Looking-for-a-HomeBuying a home can be an overwhelming process and emotionally draining. Finding the right home is not always an easy task. Most buyers conduct a lot of research online before ever stepping foot in a home trying to figure out where they want to live. But once the neighborhood is selected, most buyers end up buying a home after 2 or 3 home tours. I advise buyers to schedule a maximum of 4 homes tour at a time because any more than that will make a buyer’s head spin.

When a buyer is ready to look at homes, real estate agents are eager to show them. Most often, the buyer will select one or two homes to look at and the agent will pull up a supplemental list of similarly priced homes to show. But price isn’t everything. The problem

Serious home buyers do not have endless amounts of time to spend looking at unsuitable homes in buyer’s markets, due to the amount of excess inventory, it is virtually impossible to look at every home for sale.

 Determine Your Specific Home Parameters:

First-time home buyers are often limited by home pricing, but a real estate agent should be able to suggest alternative areas if a buyer is unwilling to compromise.

  1. Buying:

Be sure to read your contract before you sign it: A house is probably the largest purchase you will ever make in your life, so make sure you understand the terms of your contract. If you don’t understand any of the terms, ask your real estate agent and lawyer’s advice. If they won’t explain the terms clearly to you, fire them; there are enough people who will be more than happy to help you and work for your business.

Finally don’t buy the perfect house. If the house is livable and you have a good life, then you will be happy with whatever home you end up buying. If you spend more money on a “better” house, then you will quickly get used to it and will be no happier than if you had bought an “average” house. To me, a house is just a house. The people inside are what make it special.

Learn as much as you can about real estate, your budget, and your local housing market, but realize that buying a house is all about compromise, incomplete information, and a lot of doubt! However, the odds are very good that you will find a home that suits your needs if you know them.