What to Expect During the Homebuying Cycle

by Erin Fernschild 02/23/2019



The homebuying journey may prove to be long and complex, particularly for an individual who fails to plan ahead. Fortunately, there are lots of things that you can do to get ready to pursue your dream house, such as:

1. Make a Homebuying Budget

A homebuying budget will give you a good idea about how much money you have at your disposal to find your ideal residence. Thus, if you craft a homebuying budget, you can hone your house search to residences that fall within your price range.

As you craft a homebuying budget, you should consider both your house mortgage and closing costs. That way, you can prepare for myriad costs that you may encounter as you try to acquire your dream house.

You also may want to meet with various banks and credit unions. These financial institutions can help you budget for a home purchase. Perhaps best of all, they can help you get pre-approved for a mortgage.

2. Narrow Your Home Search

You know you want to purchase a house, but it usually is beneficial to understand what you want to find in your dream residence. If you put together a list of home must-haves and wants, you can narrow your house search accordingly.

Consider your short- and long-term aspirations prior to launching a home search. For instance, if you need a home that is close to your office in the city, you may want to check out residences in or near the city itself. On the other hand, if you aspire to own a residence that includes a state-of-the-art heating and cooling system, you should explore homes that offer this feature.

3. Hire a Real Estate Agent

A real estate agent is a must-hire, especially for an individual who wants to seamlessly navigate the homebuying journey. Because if you have a real estate agent at your side, you can take the guesswork out of finding and purchasing your dream residence.

Typically, a real estate agent learns about a buyer's goals and crafts a personalized homebuying strategy based on his or her aspirations. If you want to purchase a budget-friendly house as quickly as possible, for instance, a real estate agent will help you accomplish your goal. Conversely, if you are operating on a tight homebuying budget, a real estate agent will do everything possible to help you find a first-rate house that won't put you in the red.

Let's not forget about the homebuying expertise that a real estate agent possesses, either. A real estate agent understands all aspects of the homebuying journey and will share his or her industry insights with you. Therefore, if you ever have concerns or questions during the homebuying journey, a real estate agent will respond to them at your request.

Those who understand what to expect during the homebuying journey can boost the likelihood of finding a terrific house at an affordable price. Thanks to the aforementioned tips, you could reap the benefits of a successful home search.

About the Author
Author

Erin Fernschild

 With an undergraduate degree in International Marketing from William Paterson University, and a wealth of business experience, Erin brings a unique set of knowledge and skills to both buyers and sellers. From helping buyers purchase their perfect home to maximizing a seller’s return, Erin combines drive, creativity, and attention to detail to ensure that each transaction is a success.

In 2016, Erin obtained her real estate license and joined the RealtyQuest team at Kinard Realty Group. Prior to joining Kinard Realty Group, Erin enjoyed a successful career in finance at powerhouse companies including Deutsche Bank, Bear Stearns, and Credit Suisse. In a variety of sales and marketing roles at those companies, she handled a broad range of responsibilities, including business development, new product development, and marketing for these businesses and products.

She is a great listener and communicator and knows how to tailor each transaction with the least amount of difficulties to fully meet her clients’ needs. She is a natural people person who will work tirelessly on her client’s behalf.

A New York City transplant, Erin loves everything about Fairfield and New Haven County. She is warm and energetic, and her enthusiasm for this area is contagious. Erin is also very active in the Stratford Community, serving as a Volunteer for St. James School, Stratford CT, Member of the Lordship Improvement Association, and Active Parishioner at Our Lady of Peace, Lordship CT.

When not working on real estate, Erin loves spending time with her husband and two young children and enjoys skiing, running, boating, Barre, Peloton, restaurants and friends.

Her friendly style, tenacity, and technological abilities provide her clients with a competitive edge in challenging markets.