Let’s Take Some of The Confusion Out of The Planning Process
1. SOME ESSENTIAL QUESTIONS TO ASK YOURSELF:
- What kind of neighborhood do you want?
- Is commuting distance to work, schools, shopping important?
- What are the features you absolutely need at your new home?
many bed/bathrooms, AC, exposure to sun, yard size, basement, attic…….
Make sure you know how much space your furniture needs!
- What kind of insurance will you need depending on the area?
- What will your property taxes be?
2. HAVE YOU TALKED TO A LENDER?
- Do you know exactly how much money you can spend?
- Know what that amounts to in terms of monthly payments.
- Be ready to disclose all your finances to your lender.
- Determine the amount of down payment you can afford.
- Get pre-approved.
3. HOW TO CHOOSE A REALTOR:
- Check the ZILLOW Reviews for most sales and five star reviews.
with someone who is local and has been so for a good while. Nothing
beats a realtor who knows the area like the back of his/her hand.
- What real estate team has the most marketing resources?
- Does this person fit your personality and does he/she ask the right questions?
first house they suggest to you will tell you that they understood
completely what you asked them to find for you and your family. If it’s
not right, start over explaining, or look for a different person
- The right realtor will have to work with you very closely, and, if they’re right, will become a trusted friend.
4. MAKING A CHOICE! Time to look at some homes..
online these days that you can take a look at what’s out there from the
convenience of your own home. Try some of these:
5. YOU FOUND IT! Now what?
- Now you and your realtor write up an offer and start the negotiations.
- Your experienced realtor will be your voice and know the tools you can use to get the price to a level you need it to be.
- During this time, make sure your realtor can reach you at all times to review counter offers and come to an agreement.
your offer was accepted, the house has to be inspected. You should be
present for this to see exactly what the inspector sees.
with your realtor, the inspector, and your lender, what repairs need to
be made immediately, and what could wait a few years.
- Does the seller offer a home warranty?
- Make any necessary adjustments to your offer, and get approval from the seller.
6. CLOSING on your new home.
- Lucky for you, all the tedious paperwork will be done by your
realtor, your lender, and your title company. Together they make sure
that all records are correct, the title is clear, and the money
transactions will be taken care of.
- Do you have to read all
those papers? Well…. your lawyer would say yes. However, your escrow
officer will explain all the documents at the time of closing.
7. LAST BUT NOT LEAST:
of social media, you have a plethora of choices: The realtor’s own
website, Zillow, Facebook…