Tips for Homebuyers: How to Set Yourself Up for Success

by Michael Hamrac, MBA, MRP, GRI 05/07/2019

If you want to find and purchase a great house at a budget-friendly price, it helps to enter the homebuying journey with a plan in hand. Lucky for you, we're here to help you prepare for all stages of the homebuying journey.

Now, let's take a look at three tips so you can set yourself up for success as you search for your dream residence.

1. Make a List of Home Must-Haves

The definition of a dream home varies from buyer to buyer. To define your dream home, you should craft a list of house must-haves and use this list to streamline your quest to acquire your ideal residence.

Think about which home features you need. For instance, if you require a house that boasts multiple bedrooms, you can tailor your house search accordingly. Or, if you need a home that is close to your office, you can search for a residence that provides convenient access to your office.

You may want to make a list of preferred cities and towns, too. This list will enable you to focus on available houses in cities and towns that match your expectations.

2. Create a Homebuying Budget

Learn about different types of mortgages – you'll be glad you did. Because if you make an informed mortgage selection, you can begin your home search with a budget at your disposal.

Generally, it is a good idea to meet with banks and credit unions before you launch a house search. Banks and credit unions are happy to teach you about myriad types of home financing. Then, you can select a mortgage that can help you make your homeownership dream come true.

If you are unsure about how various mortgage options work, there is no need to stress. Banks and credit unions employ courteous, knowledgeable mortgage specialists, and these professionals can teach you everything you need to know about home financing.

3. Collaborate with a Real Estate Agent

A real estate agent is a homebuying expert who is happy to share his or her housing market insights with you. By doing so, a real estate agent will help you achieve your desired homebuying results as quickly as possible.

Typically, a real estate agent takes an in-depth approach to the homebuying journey. He or she first will learn about you and find out what you want to find in your dream residence. Next, a real estate agent will help you narrow your house search to residences that satisfy your needs and keep you up to date about available homes that may suit you perfectly. If you find a home you want to buy, a real estate agent then will help you craft a competitive offer to purchase this residence. Finally, if your offer to purchase a house is accepted, a real estate agent will help you complete the homebuying journey.

Want to acquire your ideal residence? Take advantage of the aforementioned tips, and you can put yourself in position to succeed as you pursue your dream home.

About the Author
Author

Michael Hamrac, MBA, MRP, GRI

Michael Hamrac, MBA, CMR, MRP, GRI, Army Veteran, is a prominent Tampa REALTOR® and strategic leader who combines his skills of real estate with a diversified business background to deliver the highest level of client satisfaction. Prior to full time real estate sales, Michael sharpened his skill for contract negotiation while developing international business relationships for a major Central Florida healthcare organization. His professional career was dedicated to negotiating strategic business affiliations with major hospitals, physician groups, and health insurance companies throughout Europe, the Middle East, South America, Mexico and the Caribbean. Michael also developed and managed private real estate investments.

A seasoned real estate professional with over 12 years experience, Michael is results oriented, efficient, and quality focused while ensuring customer service remains a top priority. Michael, among many accomplishments, is an Orlando Business Journal Top 40 Under 40 award winner, Keller Williams Silver Award winner, and AmeriVet Top Producer.

Grounded with the core values obtained during his military service, Michael works hard to create a positive environment that fosters teamwork and organizational achievement. As an MRP, Military Relocation Professional, and former Army Infantry Squad Leader, Michael understands military relocation procedures and how they impact our service member's and veteran's relocation and housing choices. He will help in finding the housing solutions that best suit service member needs while facilitating awareness of available VA benefits and support.

Education:

MBA, Crummer Graduate School of Business, Rollins College, Winter Park, Florida

BS, University of South Alabama, Mobile, Alabama

CMR, Certified Military Relocator

MRP, Military Relocation Professional Certification, Tampa, Florida

GRI, Graduate Realtor Institute, Tampa, Florida

Expertise:

Home and Property Listing Services, Existing Home Sales, New Construction Home Sales, Income Properties, Luxury Home Sales, Military Relocation Professional, Short Sales, Condos, Townhomes, Vacant Land, and Foreclosures. 

Professional Associations:

National Association of Realtors

Florida Association of Realtors

Greater Tampa Association of Realtors