Common Homebuying Concerns, and How to Resolve Them

by Zarine, REALTOR® 04/28/2019

If you plan to buy a home in the immediate future, there are several concerns that you should address before you embark on your house search. In fact, some of the most common homebuying concerns include:

1. Lack of Home Financing

You know you want to purchase a house, but obtaining financing sometimes is difficult. Fortunately, if you meet with various banks and credit unions, you can review all of the home financing options at your disposal and map out your home search accordingly.

Remember, there is no such thing as a "bad" question to ask a bank or credit union relative to home financing. Banks and credit unions employ courteous, knowledgeable home financing specialists who are happy to assist you in any way possible. These specialists can respond to your home financing concerns, and as a result, help you make an informed mortgage selection.

2. Tight Homebuying Timeline

If you are tasked with relocating to a new home as quickly as possible, you may have to conduct a fast house search. But if you explore ways to maximize your time and resources, you could boost the likelihood of conducting a successful home search, regardless of your homebuying timeline.

Oftentimes, it helps to make a list of homebuying tasks that you need to complete. You then can establish goals designed to help you stay on track with your homebuying timeline.

You also should keep a close eye on the housing sector in your preferred cities and towns. That way, if a great home at a budget-friendly price becomes available, you can instantly pounce at this homebuying opportunity.

3. Establishing Realistic Homebuying Expectations

The homebuying journey offers no guarantees. If you enter the housing market with realistic expectations, however, you can avoid potential disappointments during your home search.

To establish realistic homebuying expectations, it generally is a good idea to make a list of home must-haves and wants. This list will allow you to hone your house search to residences that meet your criteria. It also can help focus on available residences that fall within your price range.

In addition, it often helps to hire a real estate agent before you conduct a house search. A real estate agent can teach you everything you need to know about finding and purchasing a house. Plus, he or she can provide expert insights at each stage of the homebuying journey.

Let's not forget about the assistance that a real estate agent provides when you are ready to submit an offer to purchase a home, either. At this point, a real estate agent will help you craft a competitive homebuying proposal and submit it to a seller. If a seller accepts your offer, a real estate agent then will help you finalize your house purchase.

Ready to embark on the homebuying journey? Address your homebuying concerns, and you can minimize risk as you begin your search for your ideal residence.

About the Author
Author

Zarine, REALTOR®

With over two decades of real estate industry experience, Zarine focuses on the San Francisco Bay Area marketplace. From single family homes, condos, townhouses to multi-family residences. She works extensively with investors to upgrade, remodel sell residential and commercial properties. She has consistently been in the top 5 agents out of over 300 agents in the Company.

Zarine has been a Bay Area resident since 1977. She has been active in real estate since 1988. In addition to helping buyers and sellers find their dream home, Zarine and her husband Neville started investing in Real Estate in the Bay Area since 1978. They own and maintain several rental properties and also regularly purchase, fix, and sell homes. They have a team of contractors, landscapers, and tradespeople that they can recommend. They built our own home from scratch and worked closely with the architect in the vision and design. Together, they are involved in every aspect of real estate and live it daily.

Having traveled extensively around the world, Zarine is able to accommodate each of her clients’ unique needs, and prides herself on being a strong listener and communicator. Zarine’ s communication skills are an integral part of her success in real estate. She meets clients from all walks of life and dedicates herself to understanding each of their needs and goals. Zarine and Neville love what they do and have won several awards over the years. They are dedicated and have been with J.F.Finnegan brokers since 1995. In turn their clients are loyal as 95% of their business is from referrals. Real estate is more than just a profession to them; it is their hobby and passion.

PERSONAL INTERESTS:

Originally from Bombay, Zarine and Neville go back to India to visit family. They have travelled extensively around the world and love their annual escape to Maui. Zarine enjoys cooking, entertaining, gardening, reading, movies, and life! They have two daughters who live in San Francisco and their joy in their life are their three grandchildren.

AWARDS:

  • 2016 Emerald Elite #2 in the whole Company
  • 2015 Emerald Elite # 3 in the whole Company
  • 2014 Platinum Award #5 in the Company
  • 2013 Emerald Elite #1 Team in the Company
  • 2012 Platinum Award #1 Team in the Company
  • 2011 Platinum Award #1 Team in the Company
  • 2010 Masters Award #1 Team in the Company
  • Consistently Among the top 3 individual agents of over 300 agents at BHG
  • Chairman's Circle (Consistent Winners 2001, 2002, 2003,2004,2005,2006,2007,2008,2009)
  • Winners of SAMCAR “SAMMY AWARDS”
  • San Mateo Association of Realtors (SAMCAR),California Association of Realtors (CAR), National Association of Realtors (NAR) San Jose Apartment Owners Association
  • Fine Homes Specialists, E Certified, Bankers Preferred Mortgage, CARTUS Relocation Certified