INSIDER INFO: EASY WAY TO BUY A HOME IN LYNCHBURG - GREAT TIPS

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Mortgage and Lending with America One Mortgage Advisors CA DRE #02062657

BUYING A HOME MADE EASY - LYNCHBURG TIPS

The very best and most enjoyable reason to purchase real estate in Lynchburg by far is in buying a property in which your family will live and grow together. There is a lot of fun involved in finding the perfect place for you and your family to call home. There is also a great deal of stress involved as well and that should not be overlooked. Kellie Shearer a local Realtor (MLS) with Keller Williams Realty shares with us some tips to make buying your next home easy and much less stressful. 

SEARCH LYNCHBURG MLS HOMES FOR SALE

Kellie Shearer shares things to keep in mind when searching for the perfect property for your family are the following: 

1) Make your first step the step of finding a local Lynchburg REALTOR or buyer’s agent that you are confident has your needs, desires, and best interests at heart. Your Lynchburg REALTOR can prove to be a lifesaver when you’ve reached the final hours before closing and the sky looks as though it’s going to fall. Far more than that though, your REALTOR can help you find the home that you simply cannot see your family living without. 

2) Once you’ve found a Lynchburg real estate agent that you trust to help you find a home for your family, it is time to identify the things that are absolute necessities in your search and those things you can live without. The most important thing to decide upon is a budget that you are comfortable living with. 

3) Once you’ve established a budget you need to decide the features that are important to meet the needs of your family. The number of bedrooms, bathrooms, square footage, and yard space. Do you need a fenced in yard or a basement? These things are important as they do affect the comfort and in some cases safety of your family. They can also be eaisily searched on the MLS. 

4) Another important thing that must be considered when purchasing a home for your family is the neighborhood. This is more important than many people may realize. It is well worth having a smaller home in a neighborhood that is poised for growth rather than a larger home in a neighborhood that is in the state of decline or on the verge of the state of decline. Crime rates in the neighborhood and the school district are other things that need to be considered as well before deciding to view a potential home. 

5) Kellie Shearer recommends you should also take the time to look at several properties before deciding on one property over another. The more properties you see, the better the chances are that you will actually find the one perfect property for the needs of your family home. The more homes you see the more you will learn about your likes and dislikes. You will also get ideas about possibilities and things that can be added on to the home you eventually select. Regardless, the more homes you see, the more choices you have when the time comes to make a decision. 

6) Trust your agent to help you determine the best asking price and leave some room for negotiation. Even if you are willing to pay the full asking price, offer something a little lower and allow some negotiating room. Be sure, if you truly want the house in question then make your offer strong with minimal contingencies. Some things you may want to consider when you make your offer is how quickly you are likely to need a new roof, new flooring, new heating or air conditioning, and countless other improvements that may need to be made on the property. Each of these things costs money and they add up over time. If everything is fairly recent and in good working order you may want to consider that when making your offer as well. 

You will find many houses along the way but few will reach out and impress themselves upon you as home. Those are the ones you should consider long and hard. Weigh the options, the prices, and your likes and dislikes. If you do all of this you should be well on your way to the home of your dreams. 

The difference between a buyer’s and a seller’s broker

 

If, you are in the process of submitting a deal to purchase a property that you want and make an offer for x amount of dollars. But, you tell the REALTOR(r) that you are willing to go to x amount of dollars above. If the REALTOR(r) is the sellers, then they have an obligation to tell the seller that you are willing to pay above the initial asking price by x amount of dollars. In most states, the seller’s real estate agent is not bound by any confidentiality laws as they are with your own REALTOR(r). So, hiring your own REALTOR(r) is a must for you to get the best deal and the ability to negotiate properly. 

When selling a home, there is nothing more valuable than choosing the correct REALTOR(r) to help you. Well, selecting the best one with the right qualifications is the first step. So, as a prerequisite to hiring a REALTOR(r) for your home make sure they are licensed by the state in which you reside. You can usually find this information on there the state REALTOR(r) board website of your qualifying state. Each license that is granted comes with a minimum of certain qualifications in education that must be met on an ongoing basis. 

Using an agent and the obligations what they can do for you:

 

There are many legal obligations that are owed to you when a REALTOR(r) you hire has chosen to work with you.

 

Some of the common laws are the following:

 

  • Put the clients interest above your own.
  • Keep client information confidential
  • Obey lawful instruction.
  • Account to all money owed or due

 

 

 

 

Posted by

Christopher Shearer is a multi-family / commercial real estate consultant achieving property owners the highest possible NOI through the implementation of optimal rents for the property, accomplished through careful market, property, comparison grid analysis, effective cost control and revenue improvement programs; identify and analyze trends and recommending appropriate strategies to increase a properties maximum efficiency. Expert at Preparing new investment analysis presentations, offering memoranda and marketing materials, including key investment metrics. IRR, COC, DCR, CR etc.

A seasoned professional, with over 15 years' experience in real estate and finance management. A real estate broker licensed in Florida and Virginia specializing in real estate and asset management of multi-family and commercial properties. Christopher is currently pursuing his M.B.A. in real estate, he holds a B.A. in business as well as an A.A. in business management. Christopher has the following state licenses; Virginia Real Estate Broker, Florida Real Estate Broker, Florida Mortgage Broker and Colorado Mortgage Broker.

Contact me for a consultation and analysis of your commercial or multi-family properties.

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Rainmaker
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Scott Fogleman
New Home Team 804-573-9592 - Richmond, VA
New Home Team

Kellie- great post and very informative! 

Aug 23, 2013 09:25 PM #1
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