Realtor's Home Buying Guide

NINE EASY STEPS TO YOUR BUYING SUCCESS...

INTRODUCTION

Buying a home can seem like a frightening prospect. Whether it’s your first home or your fifth, so much is at stake: your savings, your credit rating, and your financial freedom. It is difficult to find the courage to sign on the dotted line even if you want that home very, very badly.

How do you determine whether the purchase of a home makes sense?
What is the easiest way to examine the whole picture, from emotions to economics?

I want to share with you my Seven Steps For Success plan. If you read this plan, you will learn how to separate whims from true needs. You will discover how to prepare a game plan for your real estate venture, how to research effectively, choose wisely, finance appropriately, and survive the whole procedure with your smile in place.

01.

ESTABLISH YOUR NEEDS/WANTS

START WITH SOME SIMPLE SELF EVALUATION AND A DROP OF RESEARCH

Begin your search for a perfect home by making a careful assessment of the kind of home you need and want and its ideal location. We recommend that you write it down. Take time, right now, to be as specific as you can about your particular requirements. First, make a list of “necessities” in your home. Next, list the features that you “desire.”

02.

MAKE A BUDGET

DETERMINE HOW MUCH YOU CAN AFFORD

Set up a budget for yourself. Decide how much you can really afford to invest and be comfortable with, for your monthly house payment. Be realistic.  Don’t forget to include taxes and insurance.   Understand what lenders suggest that your payments be in relationship to your total monthly income.

03.

GET PRE-QUALIFIED OR

PRE-APPROVED

USE A LENDER TO GET PRE-QUALIFIED OR PRE-APPROVED

You will want to meet with a lender before you start your search for a home. A lender can let you know what specific loan program(s) would be best for you and help you understand what it takes to qualify for the loan that you want. By taking a look at your financial situation and credit history, a lender can give you a good idea if you can qualify for the loan amount that you want.

To be absolutely certain that you can be approved for a loan, you will want to ask to be “pre-approved.” As a result of this process,  you will receive is a letter of loan qualification from a lender – your pre-approval. Ask for current references and check them. Ask references if there were any problems during escrow and did escrow close within 30 days?

Your real estate agent can recommend several good lender resources.

04.

FIND YOUR AGENT

FIND A GOOD REAL ESTATE AGENT TO HELP YOU

Not all agent are the same.

You can learn a lot about agents by just letting them talk to you about how they help their buyers. Within a few minutes, you will probably be able to determine if an agent’s style is in line with yours. Ask as many questions as you can up front. Finding a good agent will save you huge amounts of time, effort, and frustration.

Remember, a “buyer’s agent” is working for YOU and costs you nothing!

Be sure that you agent is organized, can provide relevant references and has industry contacts such as mortgage, attorney and trade resources. Read through their references to be sure that what you see from prior clients is what you expect as well.

05.

FIND YOUR HOME

FIND A HOME THAT MEETS YOUR NEEDS

Consider these tips for successful house hunting:

  1. Your agent should take time to walk you through this process in advance.
  2. Be sure that your agent is familiar with and is aware of the local current market conditions and that he or she keeps you abreast of changes as they occur.
  3. Your agent should provide you with a list of possible properties based on your needs and update this list as new properties become available.
  4. Keep an organized record of all your research data.
  5. Write down comments about the homes that you see.
  6. Keep track of your likes and dislikes. Make sure that your agent is aware of your time schedule and your expectations.
  7. Tell your agent about any homes that perk your interest and those you’d like to know more about, including personal finds, newspaper advertisements, and drive-by homes.
  8. You must be straightforward about your likes and dislikes to enable the agent to do the best job for you. Honest communication is essential. Remember, the homes don’t belong to the agent!

06.

MAKE AN OFFER

MAKE AN OFFER TO BUY A HOME

Your real estate agent can help you make an offer to buy the home that you select. By looking at homes selling in the area and the length of time it takes to sell, you should be able to get a good idea of value.

Also, your agent should be able to give you all the supplemental local market information necessary to make an intelligent offer in your best interests.

07.

SAVE ON INVESTMENT

SAVE AS MUCH AS YOU CAN ON YOUR INITIAL INVESTMENT

There are only two major investments to consider when buying a home. These are the initial investment (including down payment and closing costs) and the monthly payment (including principle, interest, taxes, and insurance).

Click below for Tips and Ideas on how to save on your initial investment.

08.

READY? DOWNLOAD YOUR FREE GUIDE!

GET EXPERT ADVICE ON HOW TO BUY YOUR HOME!

Now that you have an idea of how the process works, download my 20+ page in-depth guide for buying your home! This contains up-to-date marketing conditions as well as tips and guides for the ultimate purchasing success.

09.

CONTACT JOE!

HAVE ALL YOUR QUESTIONS ANSWERED AND MORE!

See why Joe is one of Hunterdon, Somerset, and Warren County’s leading real estate agents. With over twenty years of experience, Joe can help you achieve your goals and dreams!  Let Joe introduce himself!

It's Time To Go Out And Find The Home Of Your Dreams!

 CONGRATULATIONS!