Benefits for a First Time Rancher Home Buyer
Your friends and relations keep telling you to buy a home but is that right for you? Before committing to this decision make a list of the benefits of becoming a home owner and particularly of becoming a rancher home owner. And when this process confirms this is the right decision for you then proceed in the next step to buying your first rancher home.
Considerations for the First Time Rancher Home Buyer
The first thing a first time home buyer needs to do is to talk with a Bank or Mortgage Broker to determine the value of the home you can afford. Then approximately 90% of all home searches begin on the Internet using the price limit that has already been determined. The Internet allows you to search through thousands of listings quickly and easily in this manner. Some of the specialized web sites, like www.VancouverIslandRanchers.ca allow you to narrow your search, to see any virtual tours, to view all property photos, to locate the property via sites such as Google Earth, to see the Walking Score of the home, to view the location of the property relative to schools, attractions, shopping, public transportation, to save your narrowed searches, to save your preferred property listings, and to email select home listings that you feel may interest other friends and relatives. For select properties you can also use a Mortgage Calculator to make certain you can afford those homes that interest you. This quick and easy search capability should allow you to be very specific when you meet with a REALTOR® to begin the home purchase process.
How Long does it take to Buy Your First Rancher Home?
Most Buyers will find their new rancher home within a couple of weeks or less. The key is how motivated are you? If you are not committed to buying that first rancher home then it may never happen. Good REALTOR®s will determine if you are really committed to your first rancher home purchase and if so what you are looking for in a home and why. Your REALTOR® will then only show you those rancher homes that are still available (with no accepted offers) and that meet this criteria. In some instances a REALTOR® may also preview those rancher homes whose criteria is questionable in order that they and you do not waste time.
How many Rancher showings should you expect to see?
The general average number of rancher homes shown to a Buyer in one day is six. You will find that any more than that and you will find the features of the rancher homes start to run together and it will be more difficult to determine which rancher home/s your prefer. Most REALTOR®s will not be able to dedicate every day to finding, previewing if neccessary, scheduling, confirming, and then touring with you and so expect to maybe do showings every other day for the two weeks. That means you may see up to 36 rancher homes over this period.
How to assess the features of each Rancher home showing?
- Take a close-up picture with your phone or camera of each rancher home address as your home showing tour continues.
- Note those features you like about each rancher and highlight those features that are "deal-breakers" for you.
- Check out the location of each rancher, it's neighbourhood, and what is next door.
- Right after each rancher home showing rate the rancher.
- If there was no clear choice after seeing all the rancher homes decide on which of your highly rated ranchers you would like to view a second time.
- You will probably notice features of each rancher - good and bad - that you did not notice the first time.
- When you have made your final rancher home selection your REALTOR® will then complete a Current Market Analysis and recommend an offer or range of offers. It is then your decision on what offer you wish to present. Your REALTOR® can review the strategy of presenting your first offer relative to the end price you wish to pay and considering the market at the time. In a Seller Market for instance you may not have much opportunity to negotiate price. And in fact should there be multiple offers the accepted offer may even be more than the asking price.