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