The Home Hunt Journey
Your Home Hunt Journey Begins! If you are one of our clients or website visitors and you’ve been diligently researching the home buying steps from the beginning, congratulations on the start of your home hunt! You deserve a pat on the back and we promise, it’s going to pay off in the end!
You are now in the absolute best position to search homes to buy on the MLS. Once you find your perfect home you’re ready to buy it more quickly, efficiently, with reduced stress, and at the best price possible.
Let’s assume you are now serious and ready to start house hunting. You’ve enlisted the services of a realtor, obtained loan pre approval, downloaded our home search app to your phone or tablet, and your strategy is in place.
As you receive notifications from your MLS search account, the insights below should prepare you for what to expect during your home search. Should you have any questions please don’t hesitate to contact us anytime!
Home Hunt Journey Insights
- Since you’ve been searching homes for sale using your new online MLS home search account, forward to your realtor your list of possibilities matching your criteria. If you selected the right realtor, he or she will vet of each home on the list. To avoid wasting your time, they may even go have a look at the home in advance, to verify it fits you search criteria.
- After your realtor finishes vetting, he or she will explain the pros and cons for each of the homes on your list. Together you will mutually eliminate those homes not making the grade.
- The next step in the home hunt is for your agent to schedule viewings of only those homes best matching your criteria. If the selling agents are responsive, this should take a couple hours.
- Don’t be discouraged if you don’t hit gold on your first visits. It’s not often buyers find their home immediately after they begin searching. At least you’ve got a good feel for the neighborhoods and home types available in your price range. This is a normal part of any home hunt journey.
- Moving forward, when you receive notification about a new listing of a home matching your criteria, if it did not come from your agent, immediately forward the listing to him or her. Your agent then pre qualify the home, exactly as was done with your first list.
- Your agent will notify you, explain the pros and cons and if you determine it’s worth a look, he or she will schedule a time for a visit.
- If the home in question is a hot new listing, you and your agent need to move fast. If it’s been on the market a while and is a price drop, you likely have a bit more time. This is important because the home’s hot factor determines how quickly you need act.
IMPORTANT TIME SAVING NOTE: If you are using our home search mobile app for your search, it is set up so you can communicate directly with Matt & Meray and they will automatically know of the listing you are interested in.
The process above is repeated until finding that one special home. Remember, you no longer need to waste time scouring the MLS. Try to avoid this because it’s really NOT needed. Have faith in your agent and your home search tools. Believe me, you will be notified if a new listing pops up or if there are any price changes to the existing listings. In fact, homes you previously disqualified because of price sometimes magically reappear at a lower price. Also, homes previously sold can reappear back on the market.
What are Pocket Listings?
Also, in the background, your realtor will be working his networks to find homes before they go on the market. These homes are referred to as “Pocket Listings!” When an agent takes a new listing from a home seller, there’s often a short period of time before it actually goes live and is entered in the MLS. It’s not uncommon for the HOT pocket listings to be sold before they even hit the MLS.
This is why it’s important your agent is well known and respected within the real estate community. Listing agents always prefer to work with other agents they know and respect. That’s also why we suggested Choosing an ABR Designated Realtor. Accredited Buyer’s Agents are known for playing well with others and this is an added benefit for the buyer.
Six Tips for Your Home Hunt Journey
- If possible, make advance preparations with your employer so you’ll be able to leave work early to view a home. You would only do this if a hot listing comes on the market
- If you have children, decide if you are going to take them with you when viewing homes. If so, be sure to keep a few toys or games to help keep them occupied. Here’s a link to a post we did some time back about tips on taking the kids house hunting.
- Take photos and keep notes on each home you’ve viewed. It can become a little confusing later on, so you’ll want to refer to your notes, especially if making an offer
- During your home hunt journey, don’t waste time driving around searching for homes with a for sale sign. This is a waste of your time! Almost all agents leave the signs up long after the home has already been spoken for. They do this for marketing
- If stopping in on open houses be sure to take your agent’s business card and do not sign in on anyone’s list. Just give the open house agent your realtor’s business card and they will leave you alone
- Do not visit new developments without your agent. Once you do, especially if you sign in, your agent can no longer represent you with your sale. You will be stuck with representation from the company handling the sales for the development. I don’t know about you, but I would NOT want my best interests being looked after from the person I’m buying from.
When you find the right home, your offer to buy must be prepared, submitted, and it must be accepted. Even then, there are roadblocks to endure before the home is yours.
Once you’ve submitted an offer don’t disregard your home search notifications. There’s still a chance your home hunt must continue. Just keep moving forward until the process is complete. Once your offer is accepted, you’ll move on to the home buying process. This is where the stress can begin to be a problem.
Really, it doesn’t matter where you live, the home hunt journey is the same. Next, find out more information and insights about writing purchase offers and please feel free to contact us should you have any questions.
We hope you found this page helpful as should provide you with a less stressful and more successful home hunt.