It takes a team to buy a home

Home Buying Team PDF

When you are in the market to buy a home, especially your first home, you should build a team to help you through the process. Why is this important? Buying a home can be a stressful and somewhat complicated process and if you have the right team, they can significantly lessen your stress and guide you in the right direction. This allows you to focus more time on choosing the right home for you and your situation.

Where should you start with building a team?
This might sound obvious, but if you have a significant other this is the first person that should be on your team. Both of you need to agree on several aspects of the home buying process, from the type of house to the amount of the monthly payment. Likely there will need to be compromises because there are very few times that everything you want will be available in a house. This might also mean temporarily changing lifestyles or perhaps delaying other big plans to afford the house. Buying a home is a very big financial step and both of you need to be 100% committed to this obligation.

Who is the next person to add to your home buying team?
The next person to add to your team is a mortgage advisor because they can help you navigate all the different programs you might be eligible for so you can make buying a home a reality. First, they will help you determine how much house you can afford. They can also provide insights into programs that might help you with down payment assistance, find the best rates for you, and even provide advice on ways to keep your closing costs as low as possible.

Is there one team member that you feel is critical to success?
You need to find a qualified Realtor that is accustomed to working as a buying agent. Not all Realtors are the same and one that is great working with buyers and in your price range is critical to having success in finding your home. A Realtor will also bring in a host of other important team members through their connections including home inspectors, movers, and even construction professionals if you are thinking of buying a home and doing renovations. Realtors help you navigate the entire buying process and ensure you are protected as much as possible from any dire consequences.

Is there a team member that might not be on everyone’s team?
For some people, it will be a builder because that might be the best option for getting the home that you want. Finding a builder with a good reputation and one that is experienced is critical. It might be a custom builder or a larger builder depending on your situation. Doing your due diligence will be important and many times buyers will continue to work with their Realtor to ensure a positive experience.