If you’re thinking about buying a home during the summer, you are faced with this reality: summertime is generally when more people move, which increases the competition for purchasing a home. Even with the effects of the coronavirus pandemic, you still want to take into consideration other buyers.
At Smart Home Construction, we understand these are trying times, but we are here to help you make the best of your situation. Today your Port Isabel smart home builders list three key mistakes to avoid that will improve your chances to land the home of your dreams.
Don’t Make These Mistakes When Buying a Home
Mistake #1: Being Unprepared for the Challenges
There are plenty of good reasons for buying a home in the summer. The weather is ideal, there are less interruptions for the family because school is out, foliage is in full bloom, making homes look even more beautiful.
But there are undeniable factors that make buying a home in summer a challeng, including increased competition and raised prices. As you look for your next property, you may experience bidding wars and high-pressure situations where you’re forced to act quicker than you’re comfortable with.
It’s essential to focus on what you can control in the home-buying process, which is your loan application, your creditworthiness, and your budget.
Mistake #2: Not Being Ready to Close
When it comes to summer home buying, there’s no time to lose. The ability to take quick, decisive action is imperative in any home buying environment, and this is especially true during the summer months.
This means you should:
- Be prepared to make offers quickly: Know your budget and what you’re comfortable offering before you start searching for a home.
- Do not expect a grand negotiation process: With added competition, it’s likely you’ll get pushback on a request to lower the price.
- Know what you want: Are there features you have to have in a property? Is there a preferred location in your home search? Know ahead of time what your home buying priorities are so you can single out those offers faster than the competition.
- Think about the months down the road: Do you want to move in before the kids start school in August? Do you want to enjoy your first Labor Day barbecue in your new abode? Well, it can take months to finalize a home purchase, so the sooner you start your search, the better.
Mistake #3: Missing Warning Signs
When looking for a home during the summer months, you have to consider the warm, dry weather that can cause serious issues for your potential property acquisitions.
Summer weather can hide moisture problems that might exist in a home, so you want to make sure you get a good look by examining doors and window frames to ensure there’s no warping, swelling, or big gaps that let unwanted moisture and air into the property.
Another area of the house to look into are its walls and ceiling. Check for watermarks and remember to look for any hints of mold or mildew that are warning signs of something more serious going on in the house.
But the whole examination shouldn’t be focused solely on the property’s interior. Make sure to walk around the outside of the home, as discolored patches of grass surrounded by green can indicate problems that need to be addressed. Looking more into the details of the house will generally tell you more about a property than its open-house information sheet.
You should be able to notice most of these warning signs during a thorough home inspection.
Whatever you do, you do not want to skip the home inspection. Speed is an important part of your home buying process, and the more time you spend on properties that won’t fulfill your needs or have structural issues, the more time you lose to look at other properties.
Make the Smart Choice and Purchase a Smart Home
Buying a home in the summer involves making sure the different variables like location, price, budget, and timeline all coalesce into what will end up satisfying you and your family’s needs.
We hope that these tips can help you when it’s time to look for a new home this summer.