You’ve searched high and low for your dream home in Nashville and you found one that either checks all the boxes or most of them. So now what?
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Believe it or not, it’s really common for first-time home buyers to either get cold feet or buyer’s remorse once under contract. So in order to best avoid that, you want to ask yourself these three questions before writing an offer.
#1 Does this home meets your needs not just now but in the long terms?
While you may only plan to spend a few years in the home, you’ll want to consider if this home meets your needs for potentially the next five to 10 years down the road, in case you end up needing to stay there. Does it meet your needs if a life event happens?
#2 Are you looking beyond the decor?
Remember, you can change things that are cosmetic, things like paint colors, flooring, even countertops. But can you live with the things you can’t change? Things like the location, the layout and the size of the home. You really want to make sure that you’re happy and can live with the things that you can’t change.
#3 Does the cost of the home reflect how much you want to spend monthly?
It’s really important to look beyond the big number of the total mortgage amount. And you really want to break it down to how much the monthly payment will be along with the taxes. Compare that to see how that will affect your budget.
After asking yourself these three questions, you can actually make a decision with confidence instead of leading with emotions. Then it’s going to be time for us to write the offer. We will talk about things like the offer price, earnest money, closing date, and any contingencies like an appraisal, home inspection and financing. Once you’ve signed, the offer is submitted.
Once the offer is submitted…
Next, comes the waiting period. Now the seller can choose whether to accept, counter or reject the offer. Once an offer is accepted then we’re off to the races. We will be scheduling things like the home inspection, delivering earnest money, applying for the mortgage and being prepared to meet specific deadlines.
I don’t want you to worry about how you keep track of everything because that is what I’m here for. I’m going to make sure that I keep you up to date with all the important deadlines along with all the information you need to know and what’s coming next. I will also be in constant communication with all the parties involved to make sure that we actually reach the closing table on time and with as little stress as possible. If you are thinking about buying in Nashville in 2020 and if you have any questions at all, please don’t hesitate to reach out to me.