subject: Make Great Real Estate Decisions That Benefit The Whole Family [print this page] One of the biggest financial decisions you will make in your life will be to buy a home. When you have children to consider, it becomes an even bigger task. But completing a successful real estate transaction and move will go much more smoothly if you work together as a family. This simply requires that you communicate, cooperate and develop a clear plan together.
Choose a Full Time Real Estate Professional with Experience
An experienced real estate agent is your greatest ally in the home buying process. An agent that has worked with families before and knows the local area well can help you find all the information you need to make an educated decision about where to buy. A full time agent, that makes customer service a priority, understands the importance of finding a home that works for your family and has the time needed to help you explore all of your options.
If You Are Moving to a New Area Request a Relocation Package
A real estate broker with experience knows helping families learn about the local region, neighborhoods, schools, the job market and more is essential. Oftentimes you can request a Relocation Package containing this information prior to signing any contracts. If a real estate agent can provide this it is a good sign they are a reliable resource for information.
Carefully Consider the Local Schools When You Buy a Property
In many cities and towns there are multiple school districts and most parents want to give their kids the best. There are both public and private options to consider, even if the price influences where you can buy. Learn as much as possible about the local schools. Check out websites and find out what your children think about the situation. Although school might not matter now it will soon if you have an infant or toddler remember. Plan ahead and imagine where you want to be when it is time for the baby to start pre-school or kindergarten.
Choosing the Right Amount of Bedrooms When You Buy a Family Home
Another important consideration for families with young children is to choose a carefully planned time frame for ownership. The kind of home you need when you have a 3 year old and an infant is not always the same kind you want when you have a 14 and a 16 year old. Think of ways the home can grow as your family grows and make a plan with the future in mind. You can't predict everything that will to happen but setting goals and accomplishing them as a family ensures a smoother ride.
Be Aware of the Current Real Estate Market
2009 was not the best year for the real estate market, but the extended homebuyers tax credit and the general improvement of the economy indicate 2010 holds a much better outlook. The key in the current real estate market is to think about your real estate purchase as a long-term investment. Most buyers need to look at a 3 to 5 year plan and if you want or need to move before that renting may be the best option. The days of buying and selling homes quickly have passed, but the market does offer some excellent advantages. Today's buyer's market allows you to purchase a much larger home for less money. Also foreclosures and short sales can provide opportunities for families.
