How To Land Your Dream Home Fast
Say you want to buy a home, and you want to do it fast, how would you go about it? Here are a few tips you can use to land your dream house as fast as possible without compromising on quality:
Know What You Want
Don't have an "I'll know it when I see it" attitude" if you want to find your dream house fast. Have a firm list of your needs; include what you can ignore and what you can't ignore. Give your agent the list so that they don't waste your time with properties that don't interest you. That will also save you from viewing or bidding on houses that you have no intention of buying.
Go Easy on the Contingencies
Home purchase contingencies are a great way of protecting your rights during a home purchase, but you should keep the contingency list short if you don't want delays. For example, placing the purchase contract contingent on a trouble-free inspection report is reasonable. However, adding a contingency of you selling your current house fast will just slow things down. The seller will also come with their own list of contingencies; you can reject or negotiate the ones you feel are unreasonable to speed up the process.
Use a Local Agent
Using a real estate agent who understands and has experience working in your area of interest also helps. The agent already knows the neighborhood; they can dismiss neighborhoods that don't fit your criteria without much research. On top of that, a local agent is also likely to have prior experience with other professionals who can help you with the purchase. For example, they may connect you with an efficient real estate attorney or home inspector who will not slow you down.
Buy Cash
Lastly, you should know that a cash purchase can cut down the purchase process tremendously. If you look at the house purchase process, considerable time is spent on mortgage-related processes. You don't have to go through the process of getting a mortgage or complying with lender requirements (such as appraisals). The closing process will also be fast if you are buying the house in cash.
The above tips will go a long way in hastening your home-buying process; hopefully, you will get one soon enough. Don't forget, however, to follow the due process so that you don't risk your investment. For example, don't skip important steps such as home inspection or viewing since they help you ascertain the quality of what you are buying.
