"Six Time Tested Homebuyer Tips"
By Richard Lerma-Lerma Real Estate Services, LLC.
Buying a home is most likely the single largest investment someone will make in their lifetime. Like any major decision in life, you'll want to educate yourself first and get all of the facts before diving in with both feet. Read "Six Time Tested Homebuyer Tips" before you take the plunge into the real estate pool and insure your buying success.
We have 25 years of real estate experience and have successfully helped hundreds of buyers achieve the dream of home ownership. During our time in real estate, we've certainly see our share of successful transactions and not so successful ones. Let us share with you what we believe to be valuable time tested tips that will help you save thousands of dollars when buying a home and help you sleep better at night about your investment.
1. Select a real estate agent to represent you. The sellers agent represents the seller and owes certain duties to the seller. You'll want someone in your corner to negotiate and work hard for you. Ask a trusted source for a referral to a reputable real estate agent that they or someone they have used in the past to buy or sell a home.
2. Get pre-approved with a mortgage specialist. Know how much home you can afford before you start looking for a homes. A strong pre-approval is like money in the bank, it strengthens your negotiating position with the seller. Keep in mind that there's nothing more dis-heartening than finding the perfect home, than finding out that you're not qualified to purchase it. Get pre-approved!
3. Now the fun starts. Take the time upfront to communicate your buying needs with your REALTOR. Let them know the type of home that you're looking for, i.e. price, neighborhood, size, bedrooms, features, etc. A smart agent will take the time upfront to consult with you before wasting your time showing you homes that don't meet your buying criteria. There's nothing more frustrating than looking at homes that don't match your needs.
4. Once you've identified where you want to live and the details of the type of home your interested in, have your agent sign you up for a detailed property search that alerts you by email of the newest listings and price changes in the neighborhood you've chosen, example (www.homesalesbullheadlaughlin.com). Be aggressive and stay abreast of the newest listings in your area, as you don't want to miss out on the right home.
5. You've located the perfect home...Make an offer based on the sellers motivation, condition of home, and comparable closed sales in the neighborhood. If you're in a multiple offer situation, you may want to make a strong offer so, that you don't lose the deal to another party. Your agent can help you identify an potential weaknesses in the seller's position to help you negotiate the best possible deal. Once again, buyer representation is critical.
6. Negotiations are complete. You're going to make sure that you do your due diligence and have the home inspected by a licensed home inspector. Your real estate agent can refer you to three reputable inspectors in town that you can call and interview. The cost typically ranges from $300 and up depending on the size of the home, this may be the best money ever spent. You're going to want to be concerned about the condition of the roof, plumbing, electrical, hvac, and most major mechanical items of the home. If any of the mentioned items are not working, don't be afraid to ask the seller to fix them or give you a credit to fix them at close of escrow.
In our opinion, these are important steps to insuring a positive buying experience. Buying a home doesn't have to be hard or stressful, follow these buying tips and make your dream of homeownership one that will keep you smiling. Thank you for allowing us to share this with you!