Home Buyers

First Time Home Buyers

Tips for Home Buyers

  1. Define your goals, research your options, make plans. Establish what your needs are so that you can present that information to the Realtor that will help you find your home
  2. Have earnest money and deposit money readily available.
  3. Have a little extra money to do a home inspection. This can range from $100-$800 depending on the inspection. Additional inspections can run more.
  4. Avoid big ticket  purchases before the closing of your home
  5. Contact a Realtor. Establishing a relationship with a Realtor provides you with guidance through the property search, financing, and negotiations.
  6. Talk to a lender about pre-approval. This process involves meeting with a lender and authorizing them to examine your current financial situation and credit history. On the basis of this examination the lender will provide you with a document that details how much you can borrow to buy a home. Your lender can also advice if you are eligible for mortgage down payment assistance.
  7. Find the one. Take the time to look at the homes that you and your Realtor have determined are the best matches to your needs. Narrow your choices then pick the right home for you
  8. Make an offer and negotiate.Your REALTOR will write the offer based on your guidance and present it to the listing agent. There are then three options: 1.) the seller can accept your offer; 2.) the seller can reject your offer; or 3.) the seller can present the buyer with a counter-offer. A counter-offer opens the offer up for negotiation. We can help you through these negotiations.
  9. Inspections. After receiving an inspection report, you do have to option to negotiate with the seller again. Negotiate what is most important to you in the sale of the home. Many times these are safety issues or things that would really make or break the sale. Again, our experienced REALTORS can help you through these negotiations.
  10. During the time between the acceptance of the inspection and closing there is a brief time of silence where you might feel no one is doing anything. But this is the time where all the folks behind the scenes really start their work. Escrow agents, lenders, and REALTORS, need to start their work to make sure underwriters have all the paperwork, title is cleared etc… so that everyone gets to the closing table

10 Things to Expect From Your Realtor

  1. Advice on how to get mortgage down payment assistance
  2. Advice on getting pre-approved by a lender
  3. Identify and show homes that meet your needs
  4. Provide representation/ advocacy
  5. Determine value of prospective homes
  6. Prepare your offer and guide you during negotiations
  7. Keep the transaction on track from start to finish
  8. Adhere to the Realtor code of ethics
  9. Have local and knowledge of the market and community
  10. Provide vendor and home service recommendations

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