to Select an Agent
Reasons to buy a home
to Find a Home
"Things To Watch"
when viewing a home
Types of Loans You Should Know
is a Sales Contract
Ways to Ascertain a Down Payment
Lenders Approve Loan Applicants
of Closing Costs
Buyers' Resource Section:
I.- The Setup – You have decided to
buy a home, great decision. The question now at hand, how do I start
the process of buying my dream home? For obvious reasons this task
requires a little planning.
1st --Decide why you are moving? This
answer could be as simple as "My Job", "Bigger House", "Stop Paying
Reasons to Buy a Home-
2nd --What do you want this house to offer? This
answer should include any hard numbers you require (square feet,
stories, bedrooms, bathrooms, etc.). Also include basic neighborhood
preferences (suburban, urban, mature neighborhood, new homes, north,
south, etc.). And finally choose what style of house you want.
Paint a broad picture of what you want so you can inform your agent
properly. A properly informed agent works more productively for
3rd --Choose an Agent! This decision is probably
the most important. Now that you have selected a neighborhood,
choose a local agent. Your Agent, Realtor, or Relocation Specialist
will work to guide you smoothly through the rest of the process
involved in buying a home. This is a very important decision.
to Choose a Quality Agent-
here for Types of Agents -
These professionals are invaluable at closing, offer local information
otherwise unattainable, and know exactly what you are going to need
to finish this task smoothly.
4th --What can you afford! The easiest
way to determine this lies in the sum of money you can come up with
up front plus the amount you can borrow. Your agent will be happy
to assist you in the search for a good lender and mortgage rate.
However, you as the buyer need to know that most lenders will not
allow you to spend more than 28% of your gross monthly income on
a loan, insurance, and taxes for your home .
Difference Between Pre-Approved and Pre-Qualified for a Loan-
Types of Loans You Should Know About-
5th --Tell the Kids! Often overlooked,
rarely used effectively. When you alert your child in advance to
the coming events, expect objections. The easiest way to overcome
these objections is to let them be involved in some of the decisions.
Let them know that their needs and wants are important too! This
simple step allows parents to point out these needs and wants as
amenities in the new location whenever possible.
about Moving With Teenagers-
Now you are ready to go shopping for a home and
a loan -The Selection-