Home Buying 101: Four Things Your Realtor Needs To Know

Purchasing a home is both exciting and overwhelming. If you are like most people, you will hire a realtor to help you sort through homes and find one that is perfect for you. While working with a real estate agent is certainly helpful, there needs to a good level of communication in order to find that dream home.

So what information do you need to tell your Realtor? Here are four things:

1. The Type of Home You Want

Obviously, you have probably told your real estate agent how many bedrooms and bathrooms you want. However, you need to include other information to ensure you'll find a home that fits your needs. For example, these professionals need to know if you have any specific requirements about style. Perhaps you want a bungalow, instead of a colonial home.

You should also let your real estate agent know whether you are open to renovations or if you would prefer homes that are move-in ready. If you are open to looking at homes that need some remodeling, be sure to let your agent know if this will affect your budget. It's also a good idea to let your agent know the level of remodeling you're willing do. For example, perhaps you'll fix the kitchen or the bathroom; but you won't overhaul a house that needs serious repair.

2. Neighborhood Restrictions

Another thing your agent needs to know is whether you have any neighborhood restrictions. Since most real estate agents specialize in one neighborhood, they might need to consult with other Realtor's to find you a home that is in that sweet spot. Additionally, if you restricted to a specific neighborhood, be sure to let your agent know how strict the requirement is. For example, maybe you're willing to move five minutes away—but not ten.

3. Long Term Plans

The homes you see are largely dependent on your long-term plans, so be sure to let your agent in on this information as well. For example, if you only plan to own the home for a short period of time, you might be open to additional options. On the other hand, if you plan to live in the home for several years—or the rest of your life—finding your dream home is a lot more important.

4. Miscellaneous Needs

Finally, be sure to let your agent know if you have any miscellaneous needs. Perhaps you need the home to be close to parks, outdoor recreation, or schools. Maybe you need the home to be accessible to the disabled. Any type of specific need you might have, let your agent know. This will save a lot of frustration on both ends.

Buying a home is a big decision, so it is important that you communicate your wants and needs with your real estate agent. Aside from the basics, be sure to let your agent know about these four things. It will make finding your dream home that much easier. Contact a business, such as Cudd Realty, for more information.