Buying a home
Purchasing a home is a big decision! Whether you are a first time homebuyer or a veteran when it comes to real estate, there are many steps that should be taken to make sure your investment is a good one. I know how important this is to you and I have an large network of experts and sources to make sure we find the perfect property for your individual circumstances.
Helping you find the perfect property is not the only way I can help you with your home buying experience. As a real estate agent, I have access to experts in many related fields from relocation specialists to lenders. It is my mission to do everything in my power to ensure you are completely guided through the entire process and provided with necessary advice.
Because I am also a long time resident of this area, I can provide you with loads of market information and analysis. I know the ins and outs of the local area and have a wide variety of homes for you to view. I also have full access to our Multiple Listing Service (MLS) so you are able to browse homes online from the comfort of your own home. Be sure to create a list of all the homes you love and we can tour them together.
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6 Steps to Consider when Buying a Home
Step 1: What to Consider When Choosing to Buy
Whether you are making the leap to purchase your first home or upgrade your home, choosing to buy a home is one of the largest and best decisions you could ever make. After all, a home is the biggest – and most incredible – investment most people will encounter in their lifetime. So, how do you know if it’s the right time for you to buy?
There is never a wrong time to buy the home you’ve been waiting for. The key is finding the right house for you and taking the time to carefully configure your finances.
Purchasing a home is an important step that can provide many advantages. A home is a valuable investment that can deliver several financial benefits – equity build up, value appreciation, automatic savings plan – not to mention something to be proud of!
Outside of a home being an investment, it is also a place everyone wants to make into their sanctuary. Here are a few things to ask yourself when considering to buy a house:
- What monthly payment can I afford each month? (Find this number prior to meeting with your loan officer and be sure include utilities, cable and maintenance).
- What city is ideal for you and your family? (Be sure to consider job opportunities, commuting, schools, hobbies, and other factors that impact your lifestyle).
- Are you hands on? (Knowing this from the start will help you determine if searching for homes that need a little TLC would be a good fit for you). If you determine that you are hands on, know exactly what those projects include so you don’t end buying a home that becomes a time and money pit.
Start discovering your options today. We are ready to help you through every step of the way.
Step 2: Choose A Loan Officer and Get Pre-Approved
If you are in the market to buy a new home than it is likely that you will need the assistance of a mortgage lender to secure a mortgage loan. With numerous lenders and loan officers out there, it is good to find the right fit for you. Here are some questions to ask when interviewing loan officers to work with:
- What is your fee and how is the fee paid?
- How many lenders do you deal with?
- How long have you been in the mortgage business?
- Do you have any special area of expertise?
- Does your company hold loans or flip them after they are originated?
- What can I expect in terms of time frame and experience if I choose to work with you?
- What is the pre-approval process?
- What is the closing process?
Step 3: Choose Your Real Estate Agent
When you’re looking for a real estate professional to assist you, know that, great agents put their clients first. Purchasing a home dramatically impacts your lifestyle so having a an agent that walks you through all things to consider prior to making an offer is essential. Additionally, you can expect to visit homes that meet your needs in an organized manner.
A good real estate agent will:
- Educate you about the recent conditions of the market.
- Analyze what you would like and what you need in your next home.
- Combine the work of other necessary professionals throughout the process.
- Show you to homes that are right for your criteria and budget.
- Negotiate on your behalf to get you the deal you want.
- Double-check paperwork and deadlines so that nothing is overlooked.
- Inform you about ideas, and find solutions to solve any problems that occur.
Step 4: Make an Offer
Once we’ve found a home you love, the next step is configuring the right price. Something to remember is that a buying home is an investment. As your agent we can give you information on other properties in the neighborhood to help you be certain you made a well informed decision when it comes to price. Look to us as your agent to assist you through the offer process.
Things to consider when deciding the right price point:
- List price – Start with the price that the home is listed at. This will give you an idea when looking at the home’s value.
- Market Analysis – Your agent will give you an example of comparable home values in the neighborhood to help you decide if the price point is on point.
- Improvements – Your agent can give you a list of improvements made to the home and help you determine its market value.
Step 5: Close
Once you’ve determined a price point you’re comfortable with, you’re in the “home” stretch! But, in order to ensure that you don’t put the property purchase at risk, you have a couple responsibilities that you’ll need to keep in mind:
- Staying in control of your credit and finances – Do not make any large purchases during this time. It’s important to keep your financials steady throughout the buying process. Talk to your financial consultant for guidance.
- Keeping in touch with your agent and financial consultant – It’s important to stay in constant communication with your agent and financial guide during this process. Be sure to return all phone calls and complete paperwork promptly. Also, don’t be afraid to ask questions. Your team is there to help you!
Step 6: Protect Your Investment
Congrats, proud homeowner! The buying process has come to an end, which means it’s time for a maintenance plan! It’s now in your hands, and best financial interest, to protect your investment of a home for many future years ahead. Performing routine maintenance on your home’s systems is much more affordable than having to fix big accidents the occur later on. Make sure to watch for early signs of leaks, damage and wear.
Remember, just because the sale of your house has come to an end that shouldn’t have to change your relationship with your agent! After purchasing, your agent can still assist you by providing information on the real estate market, finding contractors and repair services, and even checking your home’s up-to-date value.