Chances are that buying a home is going to be one of the biggest transactions of your life. In order to demystify this daunting process and get the most out of the purchase, let’s take a look at a few things you should consider before you buy, during the process, and after you close.

Determine Your Long-term Goals

Consider what type of home best suits your needs: a traditional single-family home, a condo, or a multi-family building? As you weigh the pros and cons of each, you should also create a wants vs. needs list in order to narrow down what your ideal home looks like. Furthermore, getting in touch with a lender to determine how much mortgage you qualify for is of the utmost importance before you start shopping. Once you figure out your financing options, getting in touch with a real estate agent can help make the rest of the process less stressful and much more straightforward.

Negotiate, Make an Offer, & Close

Your agent will present your offer to the seller’s agent who will either accept or issue a counter-offer. Working with a real estate agent with proven negotiation skills is of the utmost importance during this step. Once you reach an agreement, you’ll make a good-faith deposit and the process then transitions into escrow which often takes about 30 days. During this time, it’s best to get a home inspection just to make sure everything is in order. If the inspection didn’t reveal any significant problems, you should be ready to close. 

Keep Saving

Congratulations on becoming a new homeowner! Now this is where the fun really begins. Keep in mind that homeownership involves major unexpected expenses. It’s recommended that you start an emergency fund for your home so you won’t be caught off-guard. Performing regular maintenance can help decrease your repair costs and make things more manageable. Finally, keep in mind that even though you own a home which can be sold for extra retirement money down the line, you should still continue to save the maximum in your retirement savings account each year. This will help maximize your return on investment. 

If you have any real estate-related questions or are interested in buying or selling, don’t hesitate to contact me, Kim Rievley, today. I can be reached at 951-377-3955 or by email at


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