Once preparations are out of the way, it is time to go house shopping and find the perfect property for you.
A home can often be very different in person than how it appears online. Before touring prospective homes it is important for you to get to know the ‘where’ first. You can change many things about a property to better suit your tastes, but you cannot change the location. Get to know the neighborhoods or subdivisions which interest you. Drive around and get a feel for what it would be like to own a property in the area. Take a walk along some of the streets. Start getting a sense of the properties available in those areas. Silvia does not want to waste your time (or that of others) showing you homes in areas you weren’t familiar with that once you see for the first time, you rule out.
Silvia will set you up with an MLS (multiple listing service)’portal’ that provides you with real time, accurate information regarding homes that are actively for sale. Your criteria will be entered and then homes that match these are emailed to you for review as soon as they go ‘live’ on the MLS. If they go ‘pending’ (have an accepted offer) they then drop off your portal and you no longer see them. Once you have located a home (or several potential options), Silvia can schedule appointments to visit them.
When you are ready to select a home, Silvia likes to tell Buyers that they get to look at the ‘fun’ cosmetic details of a home and that my job is to review the structural components and systems to determine the condition of the home and financial consequences of purchasing it (what each home may need in terms of maintenance/repairs in the near future etc.). We will investigate the potential costs and expenses associated with each property. I also look to determine the potential for equity building and whether a property is in an area that will retain value well etc. The goal is always to locate the home that works best for you, that you love, that also has the potential of being a solid investment.
In our current market where inventory is constrained, it is vital to get into homes as soon as they hit the market or even prior if you think they have the potential of being ‘the one’. This maximises the chance of your offer being the first one on the table and the one that gets accepted.
Once you have picked out the property you want to purchase, Silvia will help you make an offer on the property. You will collaborate to draft your offer in a way that works best for your needs and gives you the best advantages possible over any other offer that may potentially come into play. Contractual details will be discussed so that you always have a clear understanding of any paperwork that you are signing and what the implications may be of certain terms.