As your real estate agent I guide you step by step to assist you in purchasing your home.
Here is a brief step by step look at what we will talk about when we get started:
- Get Pre-Approved: Meet with a mortgage broker and find out how much you can afford to pay for a home. You may find you qualify for more than you want to spend right now but this will give you a guideline. While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved for a mortgage loan. If you are paying cash, you should have your bank prepare a letter stating you have the funds on hand to purchase the home. With a Pre-Approval letter the seller knows immediately that you are a serious buyer for that property. The lender will review your credit report and income and debts. Costs for pre-approval are generally low and most lenders allow you to pay them when you close your loan.
- Prioritize your Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. You probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
- Representation by a Professional: As your real estate agent, I am working for you, the buyer, not the seller. Below are items that will assist you in maximizing your home search efforts:
- One or more detailed maps with your areas of interest highlighted.
- A file of the properties that your agent has shown to you, along with ads you have cut out from the newspaper.
- Paper and pen, for taking notes as you search.
- Instant or video camera to help refresh your memory on individual properties, especially if you are attending a series of showings.
Visualize the house empty & with your decor: Are the rooms laid out to fit your needs? Is there enough light?
- Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? What are the surrounding homes and business? They will influence your enjoyment as well as re-sale down the road.
- Location. Location will influence your long term enjoyment of the home. Check schools, crime reports, future road expansions, utility easements, proximity to rails, airports.
- Be Thorough: A few extra dollars well spent now may save you big expenses in the long run.
I recommend the following as standard contingencies in your offer to purchase a home:
- Include inspection & mortgage contingencies in your written offer.
- Have the property inspected by a professional inspector.
- Request a second walk-through to take place within 24 hours of closing.
- You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).
All the above may seem rather overwhelming. That is why I keep track of all the details for you. Please email me or call me directly to discuss any of these matters in further detail.
Pat Hensley 919-280-4567 email@example.com