Choosing your real estate professional is one of the most important decisions you will make when buying property. I believe the more you look around, the more you will see the value of working with me.
However, no matter who you choose, these tips will help you find and purchase the property of your dreams more quickly and efficiently.
Before you shop:
Be a smart consumer. Learn the financing basics. Know how to shop for a property loan that is right for you. Home loans are simpler – custom construction loans, land loans and seller financing are areas that I have a lot of resources and experience with.
Get pre-approved. This takes very little time and lets you know the price range that fits your situation. I require it before helping you find your property.
Know what you want. The last thing you need is to close a deal and realize you bought a property you don’t want. Ask yourself what you’re looking for in a property, before you shop. Think about size, commute time, budget and necessary repairs, or upgrades.
Keep your debt load to a minimum. Don’t make major purchases or incur any additional debt until after your purchase. Pay down credit cards and don’t apply for new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.
Be prepared to view new properties quickly. Sometimes properties sell quickly, so be ready to make fast decisions. Be accessible to change the terms.
Have quick access to your agent. Great communication can mean the difference in purchasing the property of your choice. I’m just a phone call. text, or email away, and I respond quickly to urgent messages.
Before you buy:
Submit a strong competitive offer.
Include a substantial earnest money deposit. Sometimes offers are accepted based on the amount of the deposit.
Try to minimize the number of contingencies. Fewer contingencies mean a stronger offer.
Hire an inspector. A professional building inspector or appraiser will make sure the house of your choice is in satisfactory condition.
Check zoning regulations and covenants. Read the title report and any restrictive covenants and make sure they fit your use.
Request an updated property survey. Be sure it clearly marks boundaries. Check for problems.
Make sure you know what stays or goes.
Your contract should be very specific about which items may be are included in the sale.
Get agreements in writing. Make certain verbal agreements are written into the final contract to avoid any stressful and expensive issues later.