When she was a first-time buyer, long before she became a columnist about real estate, Tara-Nicholle Nelson learned five lessons the hard way.
Her experience can be helpful to everyone who is looking for a new home, whether for the first time or not. In a nutshell, this is what Nelson confides (if that is possible on the Internet):
- When you don’t find what you want, tweak your price range up and down;
- Don’t get too excited about the property you select, certainly not until the contract is signed and any inspections and appraisals are completed;
- Be flexible, keeping deal-breakers and must-haves to a minimum while relying on your broker’s expertise;
- Take responsibility for thoroughly checking out the premises and building, especially if you don’t hire a professional inspector;
- Think deeply about what in life is important to you and your family when considering whether a home is the right fit beyond its physical characteristics.
That last point is a bit opaque, but the writer explains that she failed to reconcile her desire for a quiet neighborhood, the convenience of stores and the necessity of having playmates for her kids.
I’ve quoted Nelson in the past because she’s smart and reliably produces a good read. Her “5 Confessions of a First-Time Home Buyer” is one of her best columns, so I hope you’ll have a look at it.
Tomorrow: About Average
To take your own bite out of the Big Apple, you have the option here to search all available properties privately.
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022