buying & selling tips
ON YOUR WAY TO YOUR NEW HOME
As a Real Estate Professional, I understand that buying a home is one of the most important personal and financial decisions that you will make in your life. This is why I am committed to guiding you step-by-step, answering all your questions along the way, to ensure that your experience is as pleasant and successful as possible. In the following pages,you will find information that will help you to better understand the real estate process. This summary is intended as a general overview of a typical home purchase, and to identify the typical procedures followed.
Preparing Yourself For The Buy
• Keep Yourself Informed
• Choosing Your Real Estate Professional
• Your Savings
• Your Credit History
• Mortgage Pre-approval
• Closing and other additional costs
• Let’s Make an Offer
• The Deposit
• The Inspection
• The Final Visit
• Making your dreams a reality!
Now that you’ve decided to investigate home ownership, the best way to approach your purchase is as well informed consumer. It is very important to educate yourself on the process and requirements before you begin looking for a home.
Choosing to buy a home is one of the most important decisions of your life and should not be taken lightly. That’s why it is in your best interest to associate yourself with a good real estate agent who has experience, who works in the area where you would like to live, and with whom you feel comfortable.
Your Realtor should show you research to back up any recommendations. This includes information about recent sales, current listings and recent expired listings in your neighbourhood. Choose a local Realtor. Because he or she will know your area better than an outsider.. It is likely that any amount you might save by having a friend or relative from outside the area serve as your Realtor, will be lost in their lack of knowledge about the very specific local market. Ask for references from the Realtor. He or she should be willing to give you names of previous clients. Ask your friends and acquaintances for recommendations, but make your final choice based on your needs.
It is important to develop a financial plan so that you not only save money for the down payment, but for other costs that will come along later like the credit check, the mortgage application and the closing.
Having an established credit history is an important step in a smooth home buying process. Build a good credit history by trying to diversify how you pay for things and don’t pay for everything in cash. Pay your bills on time, limit your debt, reduce the amount of credit cards you have and use them responsibly. It is also important to review your credit report – a record of past and current debt that states when, how and if you paid. Make sure that the information contained in your credit report is accurate. You will have the opportunity to correct any errors.
A pre-approval is a simple calculation that tells you the amount you’ll be able to finance through a loan and what your monthly payment will be. A pre-approval also provides the “seller” some comfort that you have the financial means to purchase their home.
Closing is when ownership of your new home is officially transferred from the seller to you. You need to be prepared to pay this additional cost, which can range to be an additional two to five percent of the home purchase price. These costs can vary from state to state
Once you have found your dream home it will be necessary to act quickly. This is where our skills as highly skilled agents come into play. We will share our expertise and provide you with honest and straightforward advice and negotiating options. This will allow you to make a decision with confidence. After reviewing comparable sales, we will prepare your Agreement of Purchase and Sale. A thorough review and explanation of the conditions and clauses is conducted. If possible, we will present the offer on your behalf, convey negotiations and provide you with professional advice.
Along with your offer you must provide the amount of your deposit that is designed to, among other things, demonstrate to the seller the seriousness of your offer. This is one of the additional costs mentioned earlier. This money is only deposited once the offer has been negotiated and accepted by both parties.
When there is a serious interest in a property and an offer has been made, an inspection is often ordered. The seller should have the property available for inspection by a professional.
In a typical inspection, experts examine the existing conditions of the property.. The most common type of inspection is the General Home Inspection. A home inspector can provide you with a complete service, which may cover many areas of the home – from the basement to the attic, as well as the exterior of the home, walls, chimneys, and fixed appliances such as refrigerators and stoves.
The Final Visit provides a valuable opportunity to ensure that the house has been left in the expected condition.You should take this moment to make sure that all the items the owner agreed to leave behind are still there, such as kitchen appliances, and even furniture and accessories, depending on the details of the final sales contract.
Finding your new home can be a rewarding experience, especially when you have a real estate professional at your side, working and negotiating on your behalf, and guiding you throughout the real estate process. I know that you’re looking for more than just a roof over your head. You’re looking for a home to express your lifestyle and values, a place to spend time with family and friends, a place to retreat at the end of the day