After many transactions and working with many buyers, below are several items I wish buyers knew before purchasing real estate.

Prep Time is Valuable

Having time on your side is very valuable in Real Estate. Time is usually money, and planning ahead puts time on your side. Be ready when the time comes to buy by saving for a down payment, getting pre-approved for a loan, and doing a little homework ahead of time so you know what you are looking for when you go to view properties.

Price Isn't Everything

A lot of buyers only focus on the price of the home when deciding what they want to spend. Price is important, but only a part of your mortgage and monthly expenses. Also to keep in mind are taxes, HOA assessments, maintenance, and repairs. All of these factors can affect your budget, and they differ from home to home.

Know Your Position

What you are looking for, what type of loan you can be approved for, and what other offers are on the table can all affect your position as a buyer. These and other factors will play into your negotiating power. Know your position as a buyer and be realistic about your expectations in your buying power.

Choose Professionals Wisely

This is a very large and important purchase that impacts your life. Your choice in the professionals that handle your purchase will have a hand in how the process goes for you. Pick experienced and responsive people who are fully vested in their careers. You want to make sure the property you are buying is right for you and your Realtor, attorney, lender, and inspector will all be able to help assure your success.