Tip #3 - Make an Impression on the SellerBe more than just Buyer #2. Meet the seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much. If you can't meet then writing short personal letter about your family and how much you love the house to be included with your offer can be helpful.Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like … (0 comments)
home buying in memphis tn: How to Win a Bidding War Part I
- 02/02/10 11:59 PM
Although multiple offer situations are almost non existent in most markets, here in Memphis we do occasionally see a property, usually an REO, that is priced well below the current market that attracts several buyers at once. One of the worst things that can happen during the home buying process is to finally find your dream home, only to discover that someone else is already bidding on it. When this happens, how can you win your dream house without losing your shirt in the process? In this article, weíll cover some of the more important points to winning a multiple offer … (1 comments)
home buying in memphis tn: Tips for Getting a Loan for Memphis TN Real Estate
- 02/02/10 01:04 PM
Getting a loan can be easier than you might think if you go into it prepared. For the first time buyer, itís important to prepare for your application properly, so that youíre more likely to get approved and so that the whole process will go smoothly. In this article, weíll talk about how to best prepare for your loan application.Step 1. Improve Your Credit Before You Apply (Optional but HIGHLY Recommended)First of all, know your credit scores. You can get all three credit bureau's reports online at no to little cost. Make sure you go through each of them and note … (0 comments)
home buying in memphis tn: When Is The Right Time To Buy a Home In Memphis TN?
- 02/01/10 11:46 AM
When is the right time to buy a home in Memphis? This is a question that so many people ask time and time again. The fact of the matter is that there is no right or wrong answer to this question. The right time to buy a home is when you are ready to do so. This is different for each person, so you will have to make your own mind up. But luckily, there are a few things that you can look at if you are thinking about buying a home. They may not point you in the right direction, … (1 comments)
home buying in memphis tn: Choosing a Home Loan Part 2
- 10/06/09 06:56 AM
Shopping For a Home Loan in the Memphis area.Choosing a Loan Now that you know the components of your home mortgage and the types of home mortgages you can choose, how exactly will you make a final decision? This will depend entirely upon your personal situation. As mentioned previously, the length of time you plan to live in the home is a key factor. You should also consider your career and salary for the length of time you will have your home mortgage. Do you expect your salary to remain the same or increase the length of your loan? Are you … (0 comments)
home buying in memphis tn: Choosing a Home Loan Part 1
- 10/06/09 06:52 AM
Shopping For a Home Loan in the Memphis area.Next to shopping for the home in the Greater Memphis TN area itself, shopping for the home loan can be just as cumbersome. For such a large amount of money, you want to make sure you are getting the best deal possible. Loan Elements There are four key elements of your home mortgage payment: the principle, interest, taxes, and insurance. The principle is the amount of money your are borrowing, less any down payment made. The interest is the cost of borrowing, expressed as a percentage of the total amount that you borrow. The money … (0 comments)
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