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home buying mistakes: 25 Biggest Mistakes - Mistake #11 - Not putting the mortgage and closing costs up for bid. - 04/02/09 09:07 AM
Many Real Estate Closing Costs ARE negotiable. A proper bid program can save thousands of dollars in both the long and short run.
The role of the HBE Mortgage Advisor is:
1. Has a second informational meeting to discuss your OTHER purchase. (We at HBE feel that your mortgage loan is also a purchase, and a very important one at that)
2. Review your financial situation.
3. Help you determine your ability to achieve financing.
4. Helps make clear the tax effects of your home purchase.
5. Determines the affordable home cost.
6. Helps identify your ideal home features.
7. Bids … (0 comments)

home buying mistakes: 25 Biggest Mistakes - Mistake #10 - Waiting too long. - 03/30/09 09:52 PM
Don’t wait, buy now!
I know it sounds like a pushy salesman trick taught on every car lot in the country…”It might not be here tomorrow!” But when it comes time to making a home purchase, there is never a better time than right now!
Let’s preface that with a couple of things.
1. You must get your credit in line
2. You must have income
3. You must be able to get qualified for a loan
I guess what I am trying to say is that if it is your time to buy then you need to be ready to … (0 comments)

home buying mistakes: 25 Biggest Mistakes - Mistake #8 - Waiting for a better market or interest rates. - 03/01/09 05:37 PM
We are in historic low times for interest rates. There have been few if any markets that were this attractive to buyers in terms of both selection and housing prices.
Warren Buffett says “the rear view mirror is always clearer than the windshield.”.
And if you are a first time buyer add together great selection, low interest rates, lower housing prices, and the new $8,000 tax credit available for homes purchased after Jan 1st, 2009 and before Dec 1st, 2009 it all adds up to a great time to get off the sidelines and see if its your time to buy!
… (0 comments)

home buying mistakes: 25 Biggest Mistakes - Buying more home than you can afford. Mistake #6 - 02/18/09 10:48 PM
There is a rule of thumb that says you should not buy a home that costs you more per month that 20 to 25% of your take home pay. We rarely see anyone following that rule of thumb today.Too many consumers are buying homes that take a large part of their monthly income. This leaves little room in their finances for emergencies, furniture, vacations, investing, etc. With the past relaxed lending requirements, people were buying way more home than what they could realistically afford. If you go down this road, chances are that you’ll grow to hate this home. You should … (0 comments)

home buying mistakes: 25 Biggest Mistakes - Control those emotions. Mistake #5 - 02/18/09 10:15 PM
Emotions can cost a Buyer tons of money! Here in the Northeast Ohio real estate market we sometimes see buyers and sellers getting together either on-purpose or by accident before there is a ratified sales contract. This is VERY dangerous. It can affect the whole negotiation process. If you are the buyer and you get all excited about the property in front of the seller, it is equivalent to playing poker with your cards on the table. “You’re never going to win!”. So keep your emotions and your tongue in check. If you know you are the kind of person that … (0 comments)

home buying mistakes: 25 Biggest Mistakes - Not getting a home warranty. Mistake #4 - 02/18/09 10:05 PM
Would you buy a car without getting a warranty?
I think not! Even if you go to “buy a used car you are going to want at least a short-term warranty to make sure that by the time you get home you don’t have to call a tow-truck! So why should a house be any different. Our advice is, GET A WARRANTY! It’s not going to cover everything but it will sure make that first year of home ownership a lot easier to deal with and you can extend it for another year if you find it useful. Where would you … (2 comments)

home buying mistakes: Mistake #3 - People don't plan to fail they just fail to plan! - 02/06/09 12:00 PM
3. Not doing a proper financial plan.
 We are seeing record foreclosures today. While there are some which were due to product mistakes, most were a result of improper planning! Setting up reasonable realistic budgets with proper forecasting can alleviate this problem. This kind of work will help you match your cash flow to the proper cost home and correct mortgage product. If possible, do this work with a professional financial planner.
If you are buying a home in the next 6 months and want to learn more about the process from an Exclusive Buyer Agent. Call HomeBuyer Experts at 330-328-3170 … (0 comments)

home buying mistakes: 25 common mistakes Home buyers make. Mistake #1 - 02/01/09 09:49 PM
1. Seeking a Loan without Pre-qualificationNot being pre-approved prior to shopping for a home is the number one cause of headaches and delayed closings.  When shopping for a loan you have two options; to get a pre-approval or to simply pre-qualify.  Pre-approval and pre-qualification are two different things.  During the pre-qualification process, a loan officer asks you a few questions and provides you a "pre-qual" letter in good faith, based on the unverifiedinformation you provided.   This pre-qualification is 100% contingent on the information you provided being accurate; and is therefore unreliable as a true measure of your borrowing capability. The pre-approval … (0 comments)

 

Chris Whitehead

Bath, OH

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HomeBuyer Experts

Address: 3075 Smith Rd., Suite 101, Fairlawn, Ohio, 44333

Office Phone: (330) 826-1282

Cell Phone: (330) 328-3170

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