Buying a Home



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8/2/2017 Kitchen Remodels & ROIs: What Buyers Are Looking for Today

In 2017, a minor kitchen remodel offers the 4th best return on investment (ROI) out of any home improvement projects, so when doing so, it’s important to do it right. Since the kitchen is likely one of the first things potential buyers see when going through your home on an open house or showing, it’s easy to see how making a good impression with your kitchen can help sell your home quicker and for more money. However, you do want to be sure not to overdo it. As a general ... Read more

Are You Ready to Buy a Home?

Knowledge and Experience are the keys to successful real estate transactions. The Internet is an enormous library of valuable real estate related information. Doing your research to gather knowledge as well as working with local REALTORS®, whose expertise and experience can interpret and guide you through the information, is essential to your success in buying a home that is right for you.

Planning is one of the keys to making the home buying process easier and more understandable. With research and planning, you'll be able to anticipate requests from lenders, lawyers, and other professionals. This will allow you to move with more ease through the home buying process.

Do You Know What You Want in Your Home?

Whether or not you are a first time home buyer, you need to ask yourself: "Why do I Want to Buy?" Do you need to move, or is buying an option and not  a requirement? What property features do you want that you do not have now? Do you have a purchasing time frame?

Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define and achieve your real estate goals.

Once you get an idea of what you want in a home, it is very helpful  and practical to talk to an experienced REALTOR® who knows the local markets, current market conditions, and the many facets of the comples business of real estate. An agent can answer your questions, give you a realistic picture of the market, and help you clarify your real estate goals.


Do You Have the Finances to Buy a Home?

It is important to get prequalified for a mortage before you begin your house hunting quest. This way, you will only view homes you can afford and get excited about.

Homes and financing are closely intertwined. Financing is the difference between the purchase price and the down payment and is commonly referred to as debt for the mortgage. There are many different types of mortgages and many different lenders. Be sure to shope around to make sure you get the mortgage that best meets your needs at the best price.

In addition to a down payment, purchasers also need cash for closing costs (the final costs associated withe completing the transaction). Some mortgage programs not only allow the purchase of a home with no money down, but also include the closing costs.

While some people purchase with little or no money down, it means higher monthly mortgage payments, so most homebuyers choose to put down some cash.

As for closing costs, in buyer's markets it may be possible to negotiate an offer that requires the owner to pay some or all of your settlement expenses. Speak with a REALTOR® for details.

Get Your Financial House in Order- Establish Your Credit

You need good credit to get a mortgage. For a least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment, and other debt is paid in full an on time.

Prepare yourself for the complex adventure of buying a home: Do your research, work with a REALTOR®, plan ahead, know what you want, what you can afford, and establish your credit. This will make your real estate experience run smoothly. Contact Us to schedule a free buyer consultation!