Buying A Home Involves Teamwork
The stress of moving is sometimes overwhelming to some clients and the realtors. Without teamwork, a simple transaction becomes a struggle between all parties involved.
The stress of moving is sometimes overwhelming to some clients and the realtors. Without teamwork, a simple transaction becomes a struggle between all parties involved.
The buyers and sellers are sometimes in the dark as to what is happening behind the scenes during the time a contract is signed and the title changes hands.
To educate the consumer, we hand out booklets to buyers and sellers to help answer some of the many questions. Here are a few tips for first time home buyers.
Do Your Homework. If schools are important to you, visit the local schools, check out the neighborhoods and have the realtor give you a list of available homes in your price range.
Start Planning. You need a list of service providers, loan officers. Do research on home buying, home financingThe perfect home won't find you by itself. The key step in buying a home is doing the proper research. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By reading available materials and talking with experts, you can start to put together your idea of the perfect home.
Get PreQualified. Some loan officers are willing to prequalify you over the telephone. Remember, prequalifying does not mean you can buy a home, but it does give you a general idea of your payments, taxes and insurance and private mortgage insurance if applicable. This will also reassure the seller you are a serious buyer.
Look for Value. Depending on the amount of time you plan to stay in the home, it is important to consider the future value of the home. Your realtor can give you history of closed sales in the neighborhood to assist you in pricing the home.
Narrow Down Your Search. If you are looking for the perfect home, you may have to build. Looking for a home with hardwood floors may narrow your search, but remember, you may be missing out of a great home where hardwood floors can be added.
Relax. Buying a home is a big decision. When you decide to make an offer, remember a contract is legal and binding. Some contracts can not be broken just because you have a change of heart. Also, check out the taxes and monthly utilities. Ask your realtor for help if you have any questions. This may make a huge difference in your monthly expenses of the home.
Protect Yourself. Always plan to pay for a home inspection and any other inspection applicable in your area. Even new homes have defects. You may save yourself a lot of money if the inspection reveals flaws that could cost you thousands of dollars to repair.
Eveyone involved becomes part of your team. Happy Home Buying!
Kay Van Kampen
