 |
Buyers Tools
Buyers
Tips
If you are first time home
buyer or a seasoned veteran: Buying a property is probably one of
the biggest investments you will make in your life. Let’s face
it buying a property can either be an enjoyable experience or
flat out disaster.
I personally have experienced both sides as an investor my self
so I speak from experience, it involves careful planning and
extensive market research. Due to the complex nature, having a
loyal realtor on your side that keeps your interests first will
save you time, money and being stress free to find the right
home.
Jayson’s knowledge to help you find the property that fits your
needs for the best possible price in the shortest period of
time. He will also advise you on financing options, recommend
other industry professionals such lawyers, notaries, home
inspectors anyone who is needed to complete the sale.
Here are some pointers which may
help you when planning
buying your next home!
-
Get a Mortgage Pre Approval before Anything, what’s the
benefit:
This is a smart thing to do by being pre approved you can
shop with confidence knowing that the biggest hurdle in home
buying has been taken care of ahead of time. It not only
helps you determine what you can afford, as well it will
narrow your search parameters and present a stronger
purchase offer as a buyer in competing in similar offers.
You will find any credit problems that have to be addressed
if any, and the interest rate is locked in for a period of
time if the rate should rise. (Depending on Financial
institution). Most lenders will reduce their interest rate
so why not bargain “you have nothing to lose” how
much the rate is lowered will depend on how much business
you do have with the institution. After contacting your
local banks & credit unions another option is sitting down
with a Mortgage broker who will help you find a lender &
find the right mortgage package tailored to your needs.
“NO DOWN SIDES JUST BENEFITS”
[Back to Top]
-
Location, Location,
Location
Make a list with first, second and third choice. For example
access to public transit, schools, supermarkets, shopping,
recreation centers, all amenities, parks, view, direction
facing south, north, east, west these are some factors in
maintaining or increasing home values in Neighborhoods. All
property does not increase equally in all neighborhoods.
Quick ideas in coming up with preference list.
There are several issues to consider these are some to start
with!.
- Location
- Neighborhood
- Direction – North, South, East, West
- View ( Is this important for you or not)
- Transportation
- # of Beds & Baths (Min to Max)
- Square Footage
- Garage single or double
- Amenities
- Exterior
- Age of property
- Budget how much can I afford (back to pre approval)
[Back to Top]
-
Determining your
wants and needs
By doing this it will save you time when house hunting.
[Back to Top]
-
Know
the features that help or hurt resale.
Your Remax Associate can help you point out what may hurt or
help the resale value.
[Back to Top]
-
Rate the houses
as you tour them
After touring each home develop a rating grid so u can list
the one you liked the most and compare all other houses to
it, then if you get a new favorite use the new one as your
new standard. This will help you narrow down your search
after viewing multiple houses & ask your Remax Associate
to arrange showings and to keep an up to date track of all
the properties you will be seeing.
Make a note of the “condition” has the property been
well cared for interior & exterior?
Take in consideration of repair and replacement costs if
they seem excessive you might want to keep looking or if you
still want the house you can ask the seller to make some
repairs, or negotiate a lower price “the cost of repairs
should be considered when making a final offer”.
[Back to Top]
-
Found your place to call home Lets get started & make an
offer
Your Remax Associate will guide you every step of the way
with the entire contractual & financial side of the
purchase, right to the end so the entire process is
enjoyable and stress free for you.
[Back to Top]
-
Consider having
a Home Inspection
Finding a Reputable Inspector can be time consuming
Leave that to your Associate, once the inspection is done if
any common problems occur such as leaks, cracks, foundations
issues, then your Associate will negotiate to get you the
most for your money once the report is finalized.
[Back to Top]
-
Completion
Once your offer has been accepted, your associate will guide
you through the contracts & agreements & answer any
questions that you may have. Will refer other professionals
to get the transaction complete. Example: pay deposit, the
conditions and subjects clauses, obtain a notary or lawyer,
finalize mortgage, Insurance (Home owners).
[Back to Top]
These are just a few
considerations when purchasing a new home. Fill out your
information below and I will take the info collected and
will send you the homes for sale that match your criteria or
call me to set up a time to meet and get you on your way!
|
 |
