Choosing your real estate professional is one of the most important decisions you will make when buying property.
The more you look around, the more you will see the value of working with me.
However, no matter whom you choose, these simple tips will help you find and purchase the home of your dreams more quickly and efficiently.
Before you shop:
- Be a smart consumer. Learn the financing basics. Know how to shop for a home loan that's right for you.
- Get pre-approved. This takes very little time and lets you know the price range that fits your lifestyle.
- Know what you want. The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time and necessary repairs.
- 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 homes sell quickly, so be ready to make fast decisions. Be accessible to change the terms.
- Have instant access to your agent. Instant communication can mean the difference in purchasing the property of your choice.
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. Good residential neighborhoods will be zoned to keep out commercial and industrial users. Read any restrictive covenants and make sure they fit your lifestyle.
- Request an updated property survey. Be sure it clearly marks boundaries. Check for problems.
Having a little excess funds available is always a smart plan of attack as well.
You want funds for earnest money deposit, inspection costs and closing costs. Some of these can be built into the overall loan but check with your lender for more exact figures to have on hand.
Again, real estate is my life and I love helping people, especially first time home buyers into the right home. Give me a call today or start your search online. My website is constantly updated with the latest listings as well as valuable articles and resources for finding and buying or selling Sierra Vista real estate.