selecting a home in today's real estate market

Selecting A Home In Today's Real Estate Market

It's probably the most common loan in use right now. You can talk to your local bank, but you

should also consult a mortgage broker for a second opinion and competitive quote. Each

lender can charge their own origination fee and rates will vary from lenders to lenders and

from day to day.

Now that you have done your due diligence, it's time to really speak openly with your Realtor

about what you need in a home and what you want in a home. This will include things like

bedrooms, bathrooms, schools, and commute times. Your agent will set up a good home

search for you that incorporates a broad sweep of what you are looking for. Narrowing the

field too much will cause you to miss out on a home that might otherwise have worked

beautifully for you.

Starting with your real estate professional by your side, you can look at both new and resale

homes available in your price range and in areas that appeal to you. This should still provide

you with an ample amount of homes to weed through. Keep in mind that this is an elimination

process, before long, you will know what type of home really appeals to you at which point,

you can really start to clean up the home search.

So, now that you are buying a home, remember that before you hire an inspector to ask if

they are licensed and what exactly will you be getting with the home inspection. Ask

questions to see if your inspector is going to provide a written report that includes pictures of

any items in need of repair. It's not about the money, it's the quality and knowledge of the

services they provide. The inspector's job is to give you all the information about the home

you are buying-good and bad. Most home inspectors have a 48 hour turnaround on their

reports, complete with pictures and full explainations.

So, you find your dream home and now you don't know how much to offer. Talk with your

real estate professional and they will research the area home prices and together you will

create an offer to purchase. This is the true beginning of negotiations.

Making an offer is exciting and nerve-wracking at times. Consider your budget and start by

making an offer that allows room to negotiate. The goal is to stay within that budget even

after negotiations have been made, so keep it in mind when making that initial offer.

Try not to get heated during the negotiation process. This part of the transaction always

brings up areas of concern that neither party has put much thought in to. Things like the

moving date, the coordination of all things moving in and out of the house as well as the

bottom line of what this is going to cost both the seller and the buyer. Take a deep breath as

you are just getting started.

You would think that once your negotiations are completed and you are under contract to buy

the home, that your job would be done. No, not even close. The reason you hired that

buyer's agent is that there is a whole lot more to get done to secure the home.

Recommendations On Procuring Real Estate