Choosing
your real estate professional is, perhaps, the most important decision you will make when buying property. We believe the
more you look around, the more you will see the value of working with us.
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.
Get
pre-approved. This takes very little time and lets you know the price range that
fits your lifestyle.
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.
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
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.