Whether you're a first-time homebuyer or looking to upgrade, there are several things you need to know before making your purchase. In this post, we'll cover five important tips from Betsy Heller, a real estate agent from Achievers Realty in San Diego.

1. Get pre-approved for a loan

The first thing you need to do before buying a home is to get pre-approved for a loan. A lender will ask you questions and require you to provide paperwork, including pulling your credit. The loan officer will then get you a total loan balance or total purchase price. If you're considering a condo or townhome, you'll need to get a maximum payment. On condos and townhomes, HOA payments can vary greatly, and it's essential to factor them into your budget.

2. Make a list of must-haves for the property

Before you start looking at homes, make a list of your must-haves for the property. This list should include the minimum number of bedrooms, bathrooms, and off-street parking spaces or garage spaces. It may also include needing handicap accommodations or a view from the kitchen to the backyard to watch kids playing outside.

3. Consider your commuting time

The maximum time you feel comfortable commuting to work during your normal commuting hours is important to consider. You may still walk, bike, or take mass transit to work, but there are always times when you'll be stuck driving. This "windshield time" can be a significant factor in your quality of life and should not be overlooked.

4. List your neighborhood must-haves

Your neighborhood must-haves can vary greatly depending on your lifestyle and needs. If you're young and single, you may need a neighborhood with great restaurants or clubs nearby, or maybe a gym or the beach. If you have small children, you may need a backyard and a good elementary school. If you love hiking, being close to trails may be a top priority. Make a list of your must-haves in a neighborhood to help you narrow down your search.

5. Have an exit strategy

Even before you buy a home, it's essential to have an exit strategy in mind. Will you rent it, sell it, or let family members stay in it? This will change how you think about potential repairs or maintenance when you are shopping. It's always wise to consider the long-term implications of buying a home and have a plan in place for the future.

In conclusion, buying a home can be a complex process, but with these five tips, you'll be well on your way to finding the right home for you. If you're in San Diego, contact Betsy Heller from Achievers Realty for more expert advice and assistance in finding the perfect home.