Buyer's TIP

Choosing your real estate professional is, perhaps, the most important decision you will make when buying property. We believe the more you look around, the more you will see the value of working with us.

However, no matter whom you choose, these simple tips will help you find and purchase the home of your dreams more quickly and efficiently. If you're a first-time buyer you can find more information here.

Before you shop:

Be a smart consumer. Learn the financing basics. Know how to shop for a home loan that's right for you.

Get pre-approved. This takes very little time and lets you know the price range that fits your lifestyle.

Know what you want. The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time and necessary repairs.

Keep your debt load to a minimum. Don't make major purchases or incur any additional debt until after your purchase. Pay down credit cards and don't apply for new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.

Be prepared to view new properties quickly. Sometimes homes sell quickly, so be ready to make fast decisions. Be accessible to change the terms.

Have instant access to your agent. Instant communication can mean the difference in purchasing the property of your choice.

Before you buy:

Submit a strong competitive offer.

Include a substantial earnest money deposit. Sometimes offers are accepted based on the amount of the deposit.

Try to minimize the number of contingencies. Fewer contingencies mean a stronger offer.

Hire an inspector. A professional building inspector or appraiser will make sure the house of your choice is in satisfactory condition.

Check zoning regulations and covenants. Good residential neighborhoods will be zoned to keep out commercial and industrial users. Read any restrictive covenants and make sure they fit your lifestyle.

Request an updated property survey. Be sure it clearly marks boundaries. Check for problems.

Make sure you know what stays or goes. Your contract should be very specific about which items (appliances, etc) are included in the sale.

Get agreements in writing. Make certain verbal agreements are written into the final contract to avoid any stressful and expensive issues later.

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First Time Buyers

Dreaming of owning your first home? Tired of shoveling out rent for a home or apartment that doesn't feel like yours? Take heart, changing from renter to homeowner may be easier than you think. We're here to help.

Where do you start?

First of all, learn the financing basics. Get pre-approved and become a smart shopper.

When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options to make buying your first home a happy reality.

Programs for first-time buyers. There are several local or federal government programs that help first time buyers get into the housing market. Ask us about these options.

Your lender. Your bank or credit union may help as well. Are you debt free and own something free and clear, like a car? Your lender may lend you the down-payment by securing it against this asset.

Private contracts. Look for a seller to help you buy and finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage installments.

Need financial solutions?

Credit or tax problems. Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down- payment.

If necessary, contact a financial advisor or tax resolution service.

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