Dear Home Buyer
Did you know there is a "one month marriage" you must enter when you are in the process of buying a home?
This will shock you, but it is true. When you decide you are in the buyers market there are two people you must "marry" from the moment you decide you want to buy a home until the day of closing. These are your agent and your mortgage broker. And guess what? not only you have to be in a "marriage with them but you must establish harmony among them! Crazy, Isn't it!I wish every Home Buyer knew this, and practiced it. It would bring so much understanding to the "buying process"of a home, and take away the nightmare out of it.
The Agent will come to you (when you have a Buyers Agreement which is so important), as an adviser. He or she will guide and show you the inventory. They will provide you with an arsenal of tools that are going to facilitate the process of acquiring that piece of home you will come to love. Also they provide you with lists of vendors and services necessary establish if the home you want is the proper and best for your life demands. In this one month marriage he will be the eyes and ears of the relationship. Still crazy ha!
The mortgage Broker will be your seeker. He will be making journeys and traveling just for you so you can have the best interest and loan out there. Keep in mind you can divorce him and move on to greener pastures, as long as you tell your agent and everything is done in a timely manner. Keep in mind that during this month "time is of essence". Always get the best and what is best for you and your budget. Go over what is the most important item in the loan that will decide if you will be able to afford the payment. Down payments are very nice gifts always. They bring more stability to the loan and aid on the terms.
And we all know the process of buying a home involves a lot of things, but my point is:
1. There must be a harmonious relationship between Agent, Mortgage Broker and Buyer.
2. There must be communication among the three parties.
3. A lot of honesty, to avoid surprises on closing date
4. Facilitation of needed documents and lots of copies of the same. Keep in mind things get misplaced and mishandled
In my own words, please have an awesome "One month Marriage" when in the process of acquiring your new home. Best wishes and happiness!!!