5 Essentials When Buying Real Estate

By
Real Estate Agent with Heisler and Mattson 9556777

Problems, and misunderstandings in the buying process lead to unhappy homeowners. A common one is buying close to their pre approval and then they are stretched financially. It may seem like a great purchase at the time, but will lead to frustration over time.   How do we limit these mistakes?

Homebuyers remember these five strategies when making your next real estate purchase.

#1 Stay Consistent : Real estate values tend to rise over time. If you give up on looking at properties, you will never find the home you are looking for. The key is to learn why you are losing out on your offers.

#2 Be Creative : Personalize your offer. A video or letter will be unique and may draw attention to your offer. It will stand out from the others. Make the video short and entertaining or the letter short and sweet. Your agent can use this to introduce your offer to purchase.

#3 Location: As months pass when you continue to look, the market may change. You may need to look in nearby towns and explore other options.

#4: Rely on Documents not Verbals: Written documentation is very important in real estate. If the seller says they will leave a refrigerator, make sure it is documented. Read through your offer letters and purchase and sale. Read through the clauses and make sure you understand what they are saying. Speak with your lawyer if unsure about a clause or phrase.

#5 After Offer Accepted.. The Real Work Begins: After accepted, the house is still the seller's until close. This can be between 30-60 days on average. The seller is responsible for insuring the property and keeping it in condition when the offer was accepted. You can schedule an inspection and re negotiate will the seller. You will review the purchase and sale. You will need a financing commitment from your lender.

Hopefully these 5 essential tips are helpful! Until you get the keys, the process is not officially over. If you found this article helpful, please share with a friend!

 

Posted by

Steve Bracero is a Real Estate Agent in Worcester County, Massachusetts and Real Estate Investor. Blog Topics include: Investing in Real Estate, Helpful Tips on House Hunting and Selling Homes. Areas of service include: Ashland, Blackstone, Douglas, Franklin, Grafton, Hopkinton, Hopedale, Medway, Milford, Millbury, Northboro, Northbridge, Shrewsbury, Southboro, Sutton, Westboro, Whitinsville, Worcester, Upton and Uxbridge.

 

   
Steve Bracero
Real Estate Agent, Heisler & Mattson
774-232-2526 | steve.bracero@heislerandmattson.com | www.stevebracerorealestate.com | 182 Turnpike Rd #209, Westborough, MA 01581

 



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Topic:
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Massachusetts Worcester County
Groups:
1st Time Buyers
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Tags:
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real estate
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Rainmaker
3,980,941
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

5 great points to keep in mind as we go about our day

Jul 11, 2017 03:43 AM #1
Rainmaker
5,346,578
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice to share with prospective home buyers.

Jul 11, 2017 04:20 AM #2
Rainmaker
4,064,691
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Steve, great post, and with low inventory in many markets, great advice for buyers!  

Jul 11, 2017 05:38 AM #3
Rainmaker
3,247,545
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Steve

Informative post . . . . Thanks for sharing your insight.

Good luck and success.

Lou Ludwig

Jul 11, 2017 07:36 PM #4
Rainer
65,072
Steve Bracero
Heisler and Mattson - Shrewsbury, MA
First Time Homebuyer and Investor Specialist

Hi Lou Ludwig  Thanks for reading! 

Jul 12, 2017 01:36 AM #5
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Rainer
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Steve Bracero

First Time Homebuyer and Investor Specialist
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