IS THIS HOUSE RIGHT FOR US?

What should I be considering when purchasing a home? How do I know if this is the right house for me? How do I avoid buyer's remorse and risk losing my dream home?  Purchasing a house, especially a second home, can be a challenging task because most people want something different in a second home, but their frame of reference is usually their primary residence. Unfamiliar locations and styles can hold them back from making a decision.  Here are some thoughts you may want to consider:

Can I afford it?

Early on, in the process, look at your financial situation, meet with a mortgage broker or bank representative and get yourself a preapproval with a monthly payment that works for you.

Does this house/community have the amenities I want?

Research the area you're considering. This is where experienced Realtors provide an essential service.  We know the communities and amenities. Make a list of your must-haves - but be flexible, especially if it’s an existing home.  Remember, “Location, Location, Location!” Most amenities, like a pool, can be added, but waterfront is not something you can add later!

Is this house right for my future?

Is this a home you can grow in. Will this home accommodate my family and future family as it grows?  Is this the home I want to retire to?

What is the potential of this home?

Many properties on the market today have good bones, but, the style or overall interior may not be exactly what you want.  Your own upgrades, may give you a better return when you sell, and some leverage in buying it today. A renovated, “move-in,” home will likely cost you top dollar.

Sleep on it

It's easy to get swept up in the excitement when walking through a home for sale. Emotions have a way of taking over in this competitive market, and you may get caught up in bidding a property above your comfort level. What seemed like the perfect property yesterday, could feel like a financial stretch tomorrow.

Trust your instincts

You'll know when a house is right for you especially when you envision making it your own. Every home gets adapted, in some way, to its new owners – but if you see yourself living in the home - got for it!

We can help you sort things out in this complex, ever-changing marketplace.  Call us at 631 765 5333 or come see us at our headquarters at the corner of Horton’s Lane and Main Road in Southold!