Choosing your real estate professional is, perhaps, the most important decision you will make when buying property. I believe the more you look around, the more you will see the value of working with me. And like any employment opportunity, it is a relationship of trust, loyalty, honesty, and value. Those are the basic reasons why I'm confident in my skills and personality.
However, no matter whom you choose, these simple tips will help you find and purchase the home of your dreams more quickly and efficiently. If you're a first-time buyer you can find more information here.
Before you shop:
Be a smart consumer. Learn the financing basics. Know how to shop for a home loan that's right for you. Please consider allowing me the opportunity to connect you with some great lenders ... ones that are not only knowledgable, but honest and sincere. It's a process that is emotional and trying at times, but the people I work with have proven themselves over and over by treating people fairly and compassionately. It helps!!
Get pre-approved. This takes very little time and lets you know the price range that fits your lifestyle. Plus, in todays market - the preparation ahead of time can make the difference in YOU getting the property you want before someone else does. It is a very strong tool to use when making an offer.
Know what you want. The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time and necessary repairs. Being clear is very important, because once you go "beyond the normal" negotiations to the point you get exactly the deal you want ... it becomes a moral obligation to follow through with the deal. Otherwise you end up putting several lives on hold, including your own. Be fair and honest with everyone involved.
Keep your debt load to a minimum. Don't make major purchases or incur any additional debt until after your purchase. Pay down credit cards and don't apply for new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.
Be prepared to view new properties quickly. Sometimes homes sell quickly, so be ready to make fast decisions. Be accessible to change the terms.
Have instant access to your agent. Instant communication can mean the difference in purchasing the property of your choice.
Before you buy:
Submit a strong competitive offer.
Include a substantial earnest money deposit. Sometimes offers are accepted based on the amount of the deposit.
Try to minimize the number of contingencies. Fewer contingencies mean a stronger offer.
Hire an inspector. A professional building inspector or appraiser will make sure the house of your choice is in satisfactory condition.
Check zoning regulations and covenants. Good residential neighborhoods will be zoned to keep out commercial and industrial users. Read any restrictive covenants and make sure they fit your lifestyle.
Request an updated property survey. Be sure it clearly marks boundaries. Check for problems.
Make sure you know what stays or goes.
Your contract should be very specific about which items (appliances, etc) are included in the sale.
Get agreements in writing. Make certain verbal agreements are written into the final contract to avoid any stressful and expensive issues later. This is an absolute necessity, but having a realtor you trust and that keeps their word is equally important when these things arise. Surprises are good for birthdays, anniversarys, and holidays.