Buyers Tips

Buying a residence can be a stressful experience. You will experience a roller coaster of emotions while finding the right place, securing the loan and finally moving in. For most of us, the first time home purchase is the largest investment we’ve ever considered. The emotions of purchasing something so expensive and personal can often cloud our business judgment.

Imagine the Property Vacant
Your furnishings and decorations will be the ones filling this new residence, therefore try to picture the home with your personal decorating style.

Home + Lifestyle = Mortgage Payment
Sit down with your professional real estate agent and honestly discuss your income level and living expenses. Take into account future considerations, children, add-ons, amenities, and fix-ups. By getting pre-qualified you will avoid the disappointment of falling in love with a property you cannot afford. Your dream home is certainly worth a sacrifice but don’t mortgage your entire future.

View Several Homes
See at least 7-10 properties. Don’t move too slowly but don’t move on the first property you see. With your agent’s help you should be able to view enough properties to get a good overall perspective of the home market. When you find the right property all the leg work will be worth it.

Utilize Your Team
By aligning yourself with the right real estate professional you will have an entire team at your disposal. Utilize your lender, legal professional and agent, each of them should work hand in hand for your benefit. Explore all the options before you sign.

Be Columbo
Check out all costs and expenses before you sign including utilities, taxes, insurance, maintenance and home owner dues if applicable. Make sure all utilities (gas, electricity, and water) are on during your walk-through so you can inspect everything in working order. Ask lots of questions and be very detail conscious.  It is advisable to have a professional home inspection completed.

If It’s Not In Writing, It Doesn’t Exist
All promises and discussions should be in writing. Don’t make any assumptions or believe any assurances. Even the best intentions can be misinterpreted. Have your professional keep an ongoing log in writing of all discussions and get the seller’s written approval on all agreements.

Loyalty Breeds Loyalty
Be open, honest and up front with your team. Hard feelings and disloyalty will cause headaches, delays or may even keep you from getting into the home you worked so hard to locate. Take the time to select the right team in the beginning and your first home purchase will be a pleasing and memorable experience.

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