In days gone by you didn’t really need a lot of skills to search for a home. Your agent could find one that met your needs or you might drive by a home with a 4-sale sign and then check it out. You also needed to be able to negotiate price, as your real estate agent was more valuable for looking and searching and not much more. Today, even though your Boston Realtor does much more to help you in all aspects, there are still skills you need to be able to deal with any real estate transaction.
1 Self Control-As the home buyer, you must be able to make the final decision of what you are going to spend, according to your preset budget and plan, even if your agent wants you to go higher for some reason, you must maintain self control so you don’t over extend your finances. You might find out that you have to not aim for 3 or 4 bedrooms, and accept buying a Boston home in another of the wonderful Boston neighborhoods or town.
325 Boylston Street
2 Math-To be able to have self control, and control your spending, you must be able to understand what you can and cannot afford. Sit down with your spouse and go over every single expense and your total monthly income and decide what you can realistically afford to put down on a new home. Closing costs, and any move in expense has to be considered also. Take all of the figures to your mortgage loan professional and ask their opinion on what types of mortgage loans and payments you can afford.
Then talk to your Boston Realtor or Broker and decide where you can afford to search for a home.
3 Listen-Home buyers are constantly complaining that their agents are not listening when they express what they want in a home. The agent keeps showing me 4 bedroom homes, or condos, when I only want a 3 bedroom single family home. Or, the agent shows a buyer a home selling for more than they want to spend or can afford. Like the agent you must listen carefully to the information being fed back to you from the Realtor or agent, and not just ‘hear’ what fits into your overall wish list or dream list. Many people shut out information that they really don’t want to hear being afraid that by facing the truth, they will have to lower their expectations on what they can afford to buy.
4 Discernment-Discernment is the skill of being able to pick out what is useful, wise, right and important and being able to discard or disregard the rest of the noise. Today, our little worlds are full of noise coming from every direction. You hear what homeowners are saying about their particular mortgages, or houses, the news, the commentaries on radio and TV, etc. Turn it all off. You might need to exercise vigilance against allowing all that noise to spark panic, fear, paralysis or even over-optimism, over-confidence and over-spending.