Steps To Find Your Focus And Purchase Your Dream Home
Steps To Find Your Focus And Purchase Your Dream Home
Buying real estate can seem like a daunting task. There is so much to learn, so much to read, so much information and so much to do that it can be very easy for one to get lost in the maze and just feel plain overwhelmed. I have seen more than one Buy/Seller simply get discouraged by it all and quit before even getting started. What can reduce these overwhelming feelings and put you on a path to success? A step by step plan can.
Just as you would likely not take a thousand mile journey without some kind of plan, neither should you begin your real estate journey without some kind of plan as well. This plan does not have to be perfect. In fact, you can expect many a detour. But ultimately it should get you to your destination. You plan should be manageable, a bit flexible and tailored to your own specific desires and circumstances. What steps should your plan include? Here are some suggestions.
Steps to Find Your Focus and Purchase Your Dream Home
Write Down Your Goals
I suggest some short, medium and long terms goals. You might, for example, pull your credit score,get pre qualified , know what area of the valley you would like to live . Whatever goals you decide upon, just do one thing with them: WRITE THEM DOWN!
Get Your Finances in Order
Do a personal financial statement to see where you stand. Set a household budget and clean up some debt if you need to. If possible, begin to build up some cash reserves and capital.
Pick a Strategy
Do you want to buy and hold, retail flip, or flip to other investors? After reading and learning about each strategy, decide which one is right for you. Ultimately you should be doing a bit of all three, but let’s not bite off more than we can chew right now. Pick one of the three based upon the goals you outlined above and your current financial status, and focus on starting there.
Pick a Place to Farm
Remember the three most important words in real estate are location, location, location. Not only is location key if you ever want to resale your property or investment property location will up the price considerately.
Learn who is buying and who is selling. All of this will be vital when you are ready to pull the trigger later on.
Pull the Trigger
You are ready. Do not let all of this action you have taken go to waste. Use it.
These few steps may seem like a lot and may also seem a bit vague. They have to be so you can tailor them to your specific circumstances. Follow and fine tune them, and they will help you focus and reduce that overwhelming feeling.
This should be an exciting journey as you learn new things and put that learning into practice. Just remember that every journey, no matter how long, begins with that first step. Be sure to take it.
Author:Michelle Mojica Phone: 602-687-0617 Dated: August 6th 2015 Views: 349 About Michelle: ...
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Mojica & Associates Real Estate has over 55 years of combined real estate experience here in the Valley. Concentrating on evolving trends in a rapidly growing market, we specialize in finding the perfect opportunity for first time buyers, families looking to upgrade their home, 2nd home buyers and investors. Whether you are looking for the perfect place to hang your hat or finding qualified buyers to purchase your current property at top market prices, we can get it done for you.
Mojica & Associates Real Estate professes that the only way to best serve our clients’ needs is to continually educate ourselves and our agents on the most current and future market trends. Whether it is cutting edge technology to showcase or find the perfect home, making sure our staff is the most knowledgeable in the Valley on contracts, current laws governing real estate sales, short sales, or simply updating our listings throughout the day, we deliver.
Available to you, our most important client, is a vast network of business professionals dedicated to every facet of the buying or selling experience. We specialize in “targeted” marketing that provides optimal exposure through every forum available in today’s competitive market.
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"Michelle Mojica became our real estate agent in 2008, when she represented my husband and I as the buyers on our first "second home / vacation rental" purchase in Avondale, Arizona (in the Coldwater Creek development). Over 4 years I've come to know Michelle and found that she is very smart, patient, responsive, cheerful, professional, and an overall likable lady. We went back to Michelle, and her husband, Juan, when we were ready to sell the same Avondale house in 2012. Even though the real estate market had changed over the 4 years we owned it and we didn't know just how long it could take to sell it, Michelle amazed us with a record breaking one week escrow that opened on a Monday and closed on Friday, all in the same week! And, it was the hottest time of the year in Arizona and difficult for us to get away from our jobs to make the 5 hour drive from our primary residence in California, and Michelle and Juan flawlessly handled the transaction entirely by phone, fax and email. It was incredible how easy they made it for us as the sellers, as well as the buyers and their agent. It took Michelle's knowledge, all her contacts, and her professional mannerism, to get the job done. We can't say enough good things about our experiences with Michelle and her husband Juan. I would highly recommend either or both as a team to anyone looking to buy or sell real estate in the greater Phoenix area. Nice and caring people!"