Buying A Home
Buying a home is one of the largest investments you'll ever make. Choosing a well-informed real estate professional to guide you through this important transaction can save time and make home buying easier.
After selecting a real estate agent with whom you are comfortable, you should meet with a lender to pre-qualify for a loan. Your lender will determine a maximum loan amount for which you are eligible.
Now, it is time to determine your housing needs. How many bathrooms and bedrooms does your family require? What type of neighborhood appeals to you? Do you prefer a restored Victorian or a contemporary ranch house?
After this is determined, your agent will show you prospective homes that fit these preferences and fall within a predetermined budget. When you've selected a home, your agent will help you prepare and present an offer to the seller.
An offer is a proposed sales contract. If the seller accepts it, you have a binding agreement. This is why your first offer should be as much in your favor as you can make it.
There is no standard real estate purchase contract. You can modify or add anything to a standard contract form. If the seller agrees, you have a deal. If not, you negotiate or keep looking.
Your offer should state.....what fixtures and personal property are to be sold with the home....that your deposit will be refunded and the sale cancelled if you are unable to abtain acceptable financing within a specified period of time.


FIVE WAYS TO SPEED UP YOUR SALE:
Price it right. Set a price at the lower end of your property's realistic price range.
Get your house market-ready for at least two weeks before you begin showing it.
Be flexible about showings. It's often disruptive to have a house ready to show on the spur of the moment, but the more often someone can see your home, the sooner you'll find a seller.
Be ready for the offers. Decide in advance what price and terms you'll find acceptable.
Don't refuse to drop the price. If your home has been on the market for more than 30 days without an offer, be prepared to lower your asking price.