TIPS FOR BUYERS
In today's market buyers have MANY choices. Many of you may be asking, what is a short sale? What is an REO? Is it better to buy a short sale, or a bank-owned home? Which neighborhoods are holding their value, which are increasing and which are decreasing?
Our team of professionals can help you answer all your questions from entry level homes and condos to exquisite estates.The purchase of a home is a tremendous investment, both monetarily and emotionally. The purpose of this page is to provide you with information that will promote a smooth & easy transaction.
- Get help! 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 vital that you choose the right agent to represent your interests. The right agent will be someone who is experience, knowledgeable of the the market area you are considering.
- Get pre-approved. 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.
- 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 an impact on the amount of the loan that the lender will finance.
- Sign up for Property Watch. 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. 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.
- Ask Questions. 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 water heating. Asking the right questions now can end up saving you a lot of money in the long run.