6 Property Search Tips You Need to Know

1. Get pre-approved for a mortgage and know your price range

If you don’t know exactly how much you can afford on a home, don’t expect the search process to go smoothly. To enter the market with purpose, you need to know the exact price range you qualify for. This will drastically improve your chances of finding the best fit sooner rather than later.

2. Work with a realtor

A realtor isn’t a silver bullet, but can help you maximize your property search. They can inform you on new housing developments and feed you new listings daily. Once you’ve found something you like, they can help you put down an offer quickly.

3. Sign up for alerts

In addition to working with a realtor, you should be scanning property databases everyday for new listings. These databases allow you to set up alerts for property that match your criteria. If you’re looking for a 3-bedroom home in the $400,000 range, you’ll automatically receive a notification each time a property like that hits the market.

4. Check for liabilities

Purchasing property is probably the biggest investment of your life. The last thing you need is to finalize a purchase only to find out you’re liable for something that would’ve been a deal-breaker had you known earlier. Performing a search with the local land registry or other local authorities can help you uncover vital information about the land. Does it lay on a floodplain? Is there a planned infrastructure project nearby? These questions are important to consider when buying.

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