"For Sale to Sold"
Tips for Buyers
I can not stress enough how important it is to be prepared when buying a home. I walk my clients through a step by step check list of every aspect in the homebuying process from A-Z in a "FREE" Buyer Consult.
The best way to make sure that you choose the right home is to properly prepare yourself. The purchase of a home is a tremendous investment, both monetarily and emotionally. The purpose of this page is to provide you with some tips that will help your transaction progress go smoothly and result in you being a happy homeowner or an investor with instant cash flow!
No one wants to contract a case of buyer's remorse, especially on one of the largest purchases you will make in your life. You want to avoid that feeling that you've either paid too much or received too little. In most cases, there is no recourse for the buyer to receive recompense once the contract has been signed.
Your home is likely to represent one of the largest investments in your life. In order to make sure that the transaction goes smoothly it is of vital importance that you choose a qualified agent, full service, full time agent, like myself, to represent your interests. A qualified agent will be someone whose experienced and their level of professionalism makes you feel comfortable. Your agent should be familiar and knowledgeable about the area you plan to move into and the current market.
Do you already know how much home you can afford? There is nothing more frustrating than looking for a home, finding the perfect home, and then discovering that it is out of your price range. Speak with a lender to learn about the different financing options available to you. When you find the right lender get the paperwork processed so that you will be ready to buy when you find the right home. This will also help to give you a leg up on other offers that might be presented alongside yours.
Avoid major purchases
In order to determine the amount of home you can afford a lender uses your debt-to-income ratio. This ratio is the percentage of your pre-tax income that you spend on debt. Your debt ratio will include: monthly housing costs, car payments, credit cards, student loans, and any other installment debt. If you take on more debt right before buying a home it is going to have a major impact on loan approval and/or the amount you are qualfied for.
Sign up as a VIP on my website
In order to make an educated decision you need to know what is available and how much it is going for. You can browse all the active listings from my website. Once you have found some homes you like save those searches and sign up for property watch so that new listings will be emailed to you automatically. The best homes move fast so you need to make sure that you are on top of the available inventory at all times so you do not miss out.
Keep in mind, if you are considering new construction, it is important to share this with me so I can register you with the home sites you have interest in. We can discuss this in detail and I will go with you to the new construction home sites you are interested in.
No one knows the home better than the seller of the property; however it is not always in the seller's best interest to disclose all the information. If you find out the seller's motivation for selling, you might be able to negotiate a better deal on the home. Try to find out the last time service was performed on the roof, furnace, and air conditioning. If there is a pool, look to see if there are visible cracks when looking at the home. Asking the right questions now can end up saving you a lot of money in the long run.
Remember, if you have any questions I am always just a phone call or email away. Please be sure to see "Win the Bidding War" for more details on becoming a savvy home buyer.