Types of Agents
How to Select an Agent
Prequalified or Pre-Approved
7 Reasons to buy a home
Moving with Teenagers
How to Find a Home
50 "Things To Watch"
when viewing a home
9
Types of Loans You Should Know
What is a Sales Contract
Finding Quality Inspectors
10 Ways to Ascertain a Down Payment
How Lenders Approve Loan Applicants
Definitions of Closing Costs
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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 Rent", Etc.
-7 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 you.
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.
-How to Choose a Quality Agent-
-Click 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 .
The Difference Between Pre-Approved
and Pre-Qualified for a Loan-
-9 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.
-More about Moving With Teenagers-
Now you are ready to go shopping for a home
and a loan -The Selection-
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