House Hunting 101

by Don Russell 06/30/2019

Once you’ve made up your mind that you want to buy a house, either to decrease your rent or increase your income, the next hurdle will be choosing the right property. You will find no shortage of glossy brochures or recommendations from all sides telling you why this flat or that house is best for you. So, which of the many voices should you pay attention to? Here are some guiding principles to help you make the right choice:

What are your home ownership goals?

Why do you want to buy a house? Do you want to live in it for the rest of your life, or is it just a place to start as you save up for your dream home? Is it your retirement paradise or is it an investment that you will flip for a profit after a year or two? Alternatively, you could just be in the market for a getaway cabin for your family.

Problems or challenges you’re dealing with in your current residence may contribute to some of these goals. Put them down in a list as some of the criteria any potential new home has to meet.

What kind of neighborhood do you want to live in?

If you’re buying a dream home or retirement retreat, this will be particularly important as this is where you’ll be spending the rest of your life. You want to live in a place where your neighbors hold dear the same aesthetic values as you. If you enjoy your peace and quiet, you might not want to live in an area where residents are allowed to hold loud parties until the wee hours. 

How seriously is security taken in that neighborhood? How clean is the area? Is there a management committee or neighborhood association that looks into such issues?

Have you exhausted your options?

Before you seal any deal, ask yourself, “Can I do better?” You may have found a house that nearly checks all your must-have boxes, but there could be one down the street that does the same at a considerably lower asking price. Don’t assume there’s no better deal out there. Be willing to keep looking even if you feel you’ve been scouring the market for too long.

Write down your home ownership goals and hold them up against all the homes you’re considering for purchase. Make sure your real estate agent understands your goals so they can help you find the best home.

About the Author
Author

Don Russell

Originally from the San Francisco Bay Area, Don holds a Bachelor's Degree from the University of California At Berkeley. He has spent his career as a Real Estate and Development professional on the West Coast of the US, as well as holding many executive Real Estate positions with a large multi-national company. He speaks and reads Spanish fluently.

Don spent more than 15 years of his career living and working in Latin America and the Caribbean. In the late 1990's, he returned from living in Mexico City to reside and work out of South Florida. This was his first taste of the "Florida lifestyle" and he was "hooked". Prior to his last foreign venture in Los Cabos, Mexico, Don lived in South Beach, Palm Beach and Amelia Island, Florida.

In Los Cabos, Don oversaw the development of a large high-end golf course community. He was directly or indirectly responsible for the sales and development of many high-end oceanfront properties ranging from $5 to $10 million. Having a Real Estate and Development/Construction background all woven into one professional, Don was able to provide the necessary daily attention to detail to all aspects of his projects and maintain excellent relationships with the buyers. Known for his organizational skills, great communication skills and follow-up, he was always receiving great accolades from all parties involved in his work.

After more than 5 years in Los Cabos, Don made the decision it was time to return to the states. As in the past, Florida was harkening to him in the back of his mind. so he set out for a new adventure. A friend suggested he come take a look at the West Coast of Florida, particularly Sarasota, and after one trip, that new adventure started!

After moving to Sarasota 5 years ago, Don obtained his Florida Real Estate License and became a member of the industry in Sarasota. As your professional Realtor, whether you are buying or selling, Don will provide you with the best service available in the marketplace. Whether you are relocating to the Sarasota area or already living in this wonderful area, Don is here to make your Real Estate goals happen hassle free! Se habla Espanol!