Buying A Home

Buying a Home

Why Sparen? Bespoke means “Made To Order” and that’s how we approach our home buyers, with a package customized to your needs. We spend a huge amount of time upfront so you don’t have to. Our background in real estate construction, renovation and economics also differentiates us. We’re the perfect fit.

Buying an Investment Property

We have over 10 years’ experience in everything related to investment properties; construction, renovation and rehabilitation of both modern and historic properties as well as financial analysis. We cater to both new investors and can provide consultations as well as supporting more tenured investors with transactions such as a 1031 like-kind exchange.

Assessing Your Criteria For A Home

Buying a property is a major decision so understanding your criteria is a critical part of the journey. Sparen Realty offers a team of individuals with unique real estate and economic experience to support you in every aspect. Check out our 8 steps to Buying a Property as well as some of the key variables to keep in mind during the process.

Our Process To Buying A Property

1. Planning

Buying a home is a major investment so it’s important that you’re all in before taking the next step and contact a realtor.

2. Hiring

We want to be your partner in this journey, call us and let’s make it official. We’ll schedule a sit down to go through a detailed proprietary questionnaire, helping us understand who you are and what you’re looking for. It’s this Q&A that is the basis for our tailored approach.

3. Financing

Take time to understand your budget. Lenders generally recommend homes that cost no more than three to five times their annual household income if the home buyers plan to make a 20% down payment and have a moderate amount of other debt, but this is based on your own financial situation. Getting a mortgage? Get prequalified and pre-approved for credit to understand your budget. We can support with referrals because finding the right lender is a critical part of the overall process.

4. Customizing

Based on the results of our Q&A session we’ll start the property search, customizing an innately detailed package for your review within 2 weeks of our sit down. We will never recommend a home that we haven’t seen and inspected with our own eyes. We won’t send you 100 hyperlinks to waste your time sorting through. The package we provide will be completely tailored to your requirements and lifestyle, then you choose what you want to see.

5. Offering

Once you’ve selected the perfect fit we’ll start the process of making an offer. We have a team of experienced negotiators equipped with functional tools to help you understand where to start.

6. Inspect

We include a lite inspection highlighting potential issues as part of our bespoke package, but having a complete detailed inspection is critical to closing on time. As a bespoke brokerage with deep construction knowledge we also offer services to support with this and can help with any fixes that may be required. We understand the bones of real estate.

7. Mortgage

Your pre-approval should be in hand, now it’s a matter of aligning it all – our process based approach and deep relationships in the realty space provide an advantage. Coordinating the appraisal with your bank, the paperwork and pre-paring for closing is made seamless as a result.

8. Closing

We set a date that works for you and ensure you’re in lock step with your bank to make sure everything goes as planned. You sign, we celebrate!

Lifestyle is a contributing factor to all other considerations. How big is your family – home size? Do you have pets – yard required? Are outdoor activities, sports important - proximity? Do you entertain a lot? We provide a concierge style service to ensuring your needs are met.

Home criteria . . . How many total sq. ft. do you want? Bedrooms? Bathrooms? Big yard or small? What is your garage preference? Tall ceilings? We understand home construction and can renovate.

Location is a critical consideration. What part of town, urban or suburban? What proximity to work, entertainment and shopping is ideal? How important are school districts? We know the Greater Cincinnati community well.

Neighborhood understanding is vital, are you open to paying a Home Owners Association fee? Do you prefer urban living in a high rise with shared facilities or a home with yard? School district considerations? Security and crime considerations?

Awareness of Unseen Costs is important. Tax considerations? Are you open to HOA and/or maintenance fee costs? Will the home require any renovations and is that within your budget?

Having the right Agent is essential to success. Sparen Realty agents have a deep understanding of the Greater Cincinnati community and all things real estate. You’ll see the difference immediately.