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Tips for Buyers

April 18, 2008

Take photos and notes of houses you are considering. This will help you keep the details clear in your mind when discussing the features of a particular property later.

Be open with your agent and family members about your priorities. Some of your needs may be fixed, such as number of bedrooms or proximity to a particular school but many of your preferences, like the desire for a fireplace or formal living room can be overlooked for the perfect location.

As the process of previewing houses moves forward, you may come to better understand your needs and what is available in your price range. Be sure to communicate any changes to your agent and let them know if you're willing to compromise on a specific detail or are willing to expand your search to find the perfect home for you.

The Importance of Pre-Qualification

Understand what you can afford. Obtain a mortgage pre-qualification. Buyers with mortgage pre-qualification have more credibility with the seller. It can also give you more of a comfort level if you'd like to make a more competitive offer on a particular house. Don't rely solely on the opinion of your mortgage broker, only you can really determine what payments and price you will be comfortable with.