Buyers

Buying Homes and Land

Dream Home Finder

Image of woman thinking about buying a homeWhat Kind of Home Should You Get?

You should begin focusing on what you’re looking for in a home. Establish priorities in the following areas:

Location: Are you relocating to a new town because of a new job or to be closer to your current job? How will the location of schools, shops, and transportation affect your choice of neighborhood?

Personal Tastes: How large of a home do you need? What style of architecture do you prefer? What type of lot do you prefer? Depending on where you move to, you may have a choice of homes in dozens of styles, sizes, and settings.

Budget: How much home can you comfortably afford?

Research: As you consider these issues, do a little research of your own. Look through magazines for ideas about home styles and features. Drive through neighborhoods that appeal to you to see what’s available.
You can check online to learn about current prices in the areas you’re considering. Talk to friends about the features that you’d really like to have in your home. The more knowledgeable you become, the better your final decision is likely to be.

Decide: Consider carefully all the things you’re looking for in a home. The Homebuyer’s Checklist worksheet is a good starting point. When you’ve filled it out, you’ll begin to get a good idea of what you’d like your dream home to be.

 

Image of house on a calculatorMortgages and You

Affordability is probably the single biggest concern of today’s first-time home buyers. Given the wide range of media coverage regularly devoted to the issue, it’s not surprising that many young families wonder how long it will take them to afford their first home.

The best advice is: Don’t sell yourself short.

Talk to your real estate professional. He is committed to honestly and responsibly working with you to determine your affordable price range. Your real estate agent can provide you with choices on lenders in your local market, and in finding out about the best mortgage programs.

 

Image of house keys and contractSteps in the Buying Process

Get Pre-Approved for a Mortgage – so you know how much home you can purchase

Make a Wish List – what you must have, would like to have, and “Wow, it even has…!” – for your new home

Find the Home – review properties your REALTOR® will find for you.

Make an Offer – a written offer to purchase. If buyers and sellers are in agreement and all sign, then we have a Contract.

Inspections, Insurance and More – once you have a contract, it’s time to have the home inspected, to get homeowner’s insurance, and prepare for moving day

Closing – signing the paperwork at either an attorney or title company’s offices, getting the keys to your new home.

Move In Day – after you’ve closed on your new home, it’s time to get everything moved from your old place to your new home! Remember to change the locks and alarm codes, and get all the utilities transferred into your name.

 

Image of a warped and damaged homeREO & Foreclosure Properties

Everyone loves to get a great deal. Whether on a car, a boat or a home. Purchasing a foreclosed house can sometimes be a good deal too.

There are a lot of things to think about when you consider purchasing a foreclosed or REO (Real Estate Owned by banks) home. And there’s a process for evaluating this type of home, to make sure it’s what you really want or need.

Some REO homes are almost like new, most are not. All of them will at least require repainting, and possibly new carpet. Many of those in bad condition will need a lot of cleaning, new appliances, floors, and more.

My experience working with REO properties can be to your benefit. If you are an investor, or a home buyer just looking for a good deal that may require work, give me a call. I can help you in your home search.

 Buyer Assist