Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
Get your finances in order.
Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.
Find a house you can afford.
As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.
Hire a professional.
While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.
Do your homework.
Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.
Think long term.
Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.
Author:Mary Baggett Phone: 850-524-2777 Dated: July 28th 2016 Views: 144 About Mary: About Mary Baggett
I feel it is important to serve my clients tirelessly from that initial conver...
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I feel it is important to serve my clients tirelessly from that initial conversation all the way to the closing table, and I do so with integrity. I believe that a good deal should never be one-sided. If you want to list your home, there is someone out there who will love your home. If you are looking for a new home, there is someone out there who is putting your dream home on the market and we would love to facilitate that process for you from start to finish!
Buying or selling a home can be a challenging process because it is a transaction involving numerous parties, steps, and decisions. But, it is more than just an involved transaction; it’s a transition, both in your home and your life. If you are moving, selling a rental, buying an investment property, this transaction is likely only one part of a new chapter in a larger story. Let me help you by making this part of your transition as smooth a process as possible.
I use the latest technologies, market research, and strategies to help you in your Real Estate needs. But perhaps more to the point, I bring our experience. Not just professional experience, but personal experience. I've bought and sold homes, and I know what it is like when it goes well. I also know what it is like when it does not go well. Every transaction is different. I listen to you, bring my experience to bear, anticipate difficulties, and help you through the entire process. From working with lenders, title agents, home inspectors, to closing companies, and much more.
My Mission Statement
To Make the Buying and Selling of Real Estate as fun and exciting as possible while providing the knowledge, sincerity and care my customers deserve.
My 5 Core Values
Looking to buy a home? Here are five essential tips for making the pro
"We had a great home buying experience with Mary. This was mine and my husband’s very 1st home and we had a lot of questions, she was very knowledgeable and very quick to answer all my questions. She worked in a very proficient and timely manner and never made us feel crazy for asking so many questions. We have recommended Mary and Jeff to several people that were interested in buying a home. My husband and I would most definitely use them again if we decide to buy.