7: Buying your first home w/ Brett Merson

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Manage episode 282045651 series 2842580
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Bret Merson | The Bret Merson Team | Licensed in MD and PA
Office: (240) 309-6000 | Email: bretmerson@kw.com
For many of us buying a home can be incredibly stressful, especially if we're looking for a place for our child to live. If you're anything like me you would rather be doing almost anything else. Bret walks us through what the home buying process consists of and explains the importance of managing expectations and building a relationship.
Houses are often the biggest purchase we will make, so it's important we don't cut corners. Working with a realtor who takes the time to not only understand what you are looking for but also asks questions to ensure a clearer picture can help you think about "deal breakers" before you visit your first home (and may save you a few trips). For example, if you work from home or your child has a sound sensitivity, you may not want to live near railroad tracks or in an airport's flight path.
Two of the biggest mistakes buyers make are not getting pre-qualified and/or not getting a home inspection done. The pre-qualification will help you get an idea of how much home you can afford (and should therefore be looking at). Inspections can sometimes save you a LOT of time and money down the road; for example, uncovering your roof's shingles that need to be replaced or the existence of lead paint.
Take your time, make sure you are 100% sure the house you are buying is where you want to live. Don't let yourself be rushed by someone telling you there are other offers and you need to act fast; there will always be another house. In my personal/professional opinion it's better to be outbid than spend too much on a house you're not completely is right for you and/or your family.
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