Tips for Buyers
Advice for Buying a Home | Tips Before You Buy Real Estate
Simplify Your Home Buying Experience
Buying a home can be an enormous undertaking – be sure to retain the services of a qualified Realtor. You can trust our Realtors to always keep your interest first and foremost. As qualified professionals, they’ll guide you through the entire home buying experience and assist you in being an informed buyer.
Simplify Your Search
What features do you require in a home to satisfy your lifestyle now and in the future? Knowing your range of affordability you can explore your needs from design preferences to neighborhood choices.
Once you have found the home that is right for you, move forward to present an offer. This will consist of earnest money to be held in an escrow account and a written agreement. This agreement will set forth your terms of the purchase and a schedule of events in order to own the property. This extremely important document is a legally binding agreement and should be carefully prepared by knowledgeable Realtors who are qualified to cover all your interests.
Upon your complete satisfaction, arrangements will be made to attend a closing. Coordinating the closing will usually be a title company who has your escrow money in account. After furnishing the down payment and whatever other applicable fees have been agreed upon prior to closing, final papers will be signed. The deed and mortgage will need be recorded in the state Registry of Deeds, and you will be a homeowner.
It is highly rewarding to buy, own and maintain your own home. Whether this is your first home or you have experience with the home buying process, we can help. When you have the tools at your fingertips, you can be confident in your ability to search, finance your home, negotiate terms and be prepared at closing.
Purchasing a new home can be overwhelming. Without the right resources and information, the buy process can be stressful and frustrating. With our online services, you can avoid the pitfalls. We’ll be there to help every step of the way.
Drive To Learn
Evaluate as you drive though a community. Consider the following questions as a basis for determining your location needs:
- Where is the nearest shopping center, bus line, police station and Library?
- What schools are available and school district are you in?
- What types of homes (single family, apartments, condominiums) are in the neighborhood?
- How far apart are the homes?
- How far is it to your work?
- What community resources are available?
- Generally, where are the cars parked (driveways, garages, street)?
- Do you notice a lot of noise, traffic or pollution?
- Are the homes in good repair and the landscaping well kept?
Finding The Right Home
Keep your eyes open and your notebook in hand as you walk through a potential home. Consider the following questions as a basis for determining your needs as a homeowner:
- How long has the home been on the market?
- Why is the home being sold?
- What is the asking price of the home?
- Has the price been lowered?
- Is the price comparable to other homes in the neighborhood?
- What is the down payment required?
- Is the house structurally sound?
- Is there room enough for the present and the future?
- Do you like the floor plan of the home?
- What condition is the yard in?
- What improvements must be made?
- Will the seller repair or replace any items that need repair or replacement?
Think carefully about each house you see and don’t be in a hurry. Your real estate agent can point out the pros and cons of each home from a professional standpoint.
Making an offer to buy a home entails many factors. You and your Sales Associate will discuss the following factors prior to putting the offer on the table:
- Amount of earnest money
- Down payment
- Price you are offering
- Details of financing
- Proposed move in date
- Proposed closing date
- Details of the sale
- How long the offer is valid
The seller will either accept the offer as presented, or make a counter offer and ask you to resubmit a proposal. When all the parties involved have agreed upon the details, initialed any revisions and signed the final agreement then an offer becomes a contract.