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Buyers!!!
The real estate market is experiencing an over supply of housing and a reduction in qualified buyers. What does that mean to you? Everything! The news media reports the condition of the real estate market from the viewpoint of the seller. A bad market for a seller is a great market for a buyer! It means that home sellers and builders are making deals to sell houses! Now is the time to buy a home! Prices are low and so are interest rates!
We can help save you time, provide maximum security, help you find your dream home and negotiate favorable prices and terms to assure that you get the best home for your money!
Best of all, our services are FREE TO YOU!
As your Personal Buyer's Representatives, we will:
- Explain the home buying process in detail.
- Discuss the current market conditions and how they effect you and your goals.
- Provide you with references and guidance in obtaining the best financing options available to you.
- Assist in helping you select the best home for you and your money.
- Discuss your short and long term goals in detail with you in order to determine the best offer and negotiation strategies.
- Write your offer to purchase clearly and correctly so as to express and achieve your goals.
- Present your offer to purchase in a manner that presents you in the most favorable position.
- Review and discuss all counter offers with you so that you fully understand the implications of any proposed changes and how they might effect your goals.
- Finalize the contract and coordinate the closing process with other Realtors, the lender, the inspectors, appraisers, attorneys, escrow officers and title insurance companies.
- Communicate with you every step of the way so that you know where the process is at any time.
- Follow up after the sale closes to assist with any problems that may arise and to make certain that you are completely satisfied with the transaction.
The 9 Steps to Home Ownership-Step - 1 Make the Decision to Buy-It seems obvious, but it's good to note that the first step to buying a house is making the decision to buy. Consider the reasons you want a new house and write them down. Determine how long you want to live in the new house - does buying still make good financial sense? Can you afford a house that will meet your list of requirements? A good rule of thumb is your mortgage payment should not exceed 1/3 of your net monthly income. Click Here
Buying Bank Owned Properties-REO stands for “Real Estate Owned”. These are properties that have gone through foreclosure and are now owned by the bank or mortgage company. This is not the same as a property up for foreclosure auction. When buying a property during a foreclosure sale, you must pay at least the loan balance plus any interest and other fees accumulated during the foreclosure process. You must also be prepared to pay with cash in hand. And on top of all that, you’ll receive the property 100% “as is”. That could include existing liens and even current occupants that need to be evicted. A REO, by contrast, is a much “cleaner” and attractive transaction. There is a lot of interest in buying bank owned properties these days. A lot of information, some good and some bad, is floating around about the subject. Often the information offered is for sale, with the promise that you can make a lot of money with little effort once you know “the secret formula”. The fact is that there are no secrets, and to make money does require effort. Click Here
First Time Home Buyers Click Here
Fixer-uppers-The often heard phrase "Buyer Beware" is never more appropriate than when considering the purchase of a fixer-upper.You really need to know exactly what you’re getting into before buying. It’s commonly believed that fixer-upper properties represent easy money - that you can buy it, do a little work on it in your spare time, and resell quickly for a large profit. Usually, this simply isn't the case. Although, with proper planning and foresight, good profits can be made by buying "distressed" properties at less than market value, making appropriate improvements and repairs, and then reselling. And for many first time buyers who intend to live in the house while working on it, buying a fixer-upper can be the very best option. Click Here
Gated Communities-The popularity of living in gated, or private communities has been rising in recent years. It used to be that gated communities were thought of as being only for the rich. Click Here
Home Buyer Checklist-The Home Buyer Checklist identifies some of the important factors to consider when choosing a home. In addition to an affordable sales price, you will also want to be sure that the neighborhood and house meet the needs of your family. Click Here
Inspection Tips-When interviewing a home inspector, ask the inspector what type of report format he or she provides. There are many styles of reports used by property inspectors, including the checklist, computer generated using inspection programs, and the narrative style. Click Here
Mold In The Home-The first thing to understand about mold is that there is a little mold everywhere - indoors and outdoors. It's in the air and can be found on plants, foods, dry leaves, and other organic materials. Click Here
Seller Paid Closing Costs-Many buyers (particularly first-time buyers) are short the cash they need for the down payment and closing costs. One way to overcome this cash shortage is for the seller to pay a portion of the closing costs. How much the seller is allowed to contribute depends on the type of mortgage loan. Click Here
Staying Approved-Your mortgage lender may run a second credit report just prior to closing. Red flags that appear in this credit report can disqualify you for the mortgage loan. Major credit purchases such as furniture, vehicles, etc. can greatly affect your debt-to-income ratio and disqualify you for the loan. The rule of thumb is..."Do not make any major credit purchases until AFTER you close on your new home!" Click Here
Earnest money shows you’re serious-Typically when an offer to purchase a house is made, you, as the buyer, will also pay an “earnest money” or "escrow" deposit. This deposit shows the seller that you’re serious about the offer to purchase the property. The amount of earnest money deposit varies based on the type of property being purchased and local market conditions. Click Here
Why you should get an Inspection-If you are buying a home, you need to know exactly what you are getting. A home inspection, performed by a professional home inspector, will reveal any hidden problems with the home so that they may be addressed BEFORE the deal is closed. You should require an inspection at the time you make a formal offer. Click Here
Title Insurance = Peace of Mind-Purchasing a home is probably the single biggest investment you will ever make. Before closing on the house, you'll want to know that no other individual or entity has a right, lien or claim to the property. Click Here
Writing the Offer - Financial Considerations-It is standard practice to make a purchase offer contingent upon obtaining a mortgage. Because of this contingency, the seller will want the details of your financing plan included in the offer. Click Here
Your Buying Power-Experienced home buyers know that one of the first-steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how we write the offer, which mortgage programs you will qualify for, shopping for the best mortgage loan and which homes are truly in your price range. Click Here
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