Sotheby’s Realtor Barbara Daly advises buyers on the first three steps to buy a home
A question we Realtors are often asked is what a prospective buyer should do to ready themselves for purchasing a house. In general, there are three components to this answer, made somewhat different in dealing with the Greenwich market in particular. These have to do with identifying exactly what you want and where, arranging your financial situation and hiring a Realtor.
First, it is important to consider where you want to live and in what type and size of home. With the various neighborhoods that comprise our town, this is an important consideration. Have some core ideas of what you want and where, but be flexible to what the market has to offer.
Second, after identifying what it is you want, make sure your financials are ready to go. This is best done in conjunction with your financial advisor, bank or mortgage company. In a market like Greenwich, where inventory is tight and homes shift quickly, it is key to have the ability to move fast if you find that home that fits your parameters. It also allows you to most clearly understand the price ranges you will be working within.
Lastly, find a Realtor who you feel comfortable with, both in their professional acumen and your personal relationship. This is a person whom you will be working with closely and you will want that interaction to be efficient and pleasant. As well, if you have had any issues with the first two components, your Realtor can help you navigate through those processes.
Being prepared to begin the buying process of your new home will increase your chances of finding the home you will love and the efficiency in acquiring it.
Barbara Daly,
Senior Global Real Estate Advisor,
Sotheby’s International Realty,
203-618-3171 cell, barbara.daly@sothebys.realty