Choose Your Home
Okay, you’ve done your research and you’re ready to finally choose the home that you want to make yours. Whether this is an investment property, new construction, or first time home, this is a big decision that’s often a bit scary, so you want to make sure it’s done right. An experienced Realtor can ensure this.
The homes that you have been researching have a specific asking price decided upon by the seller. This is the point where you decide what you are going to offer that seller. You can easily offer the seller’s list price and create a contract, offer a price less than the list price, or make an offer with specific terms that you need as a buyer. From here, the seller may accept, reject, or make a counter-offer. Negotiating between buyers and sellers can be a daunting task that’s often quite complex and variable, so the value of an established Realtor is crucial. Let an experienced Realtor ease this process for you. He or she will know the community and local values and have spent years negotiating realty transactions.
Is it the right one?
A home is far more than just a shelter to live under. It’s where you should feel the most comfortable and at ease, where you relax and entertain friends and family. You will raise your own families and create undeniable memories there. Since you spend a great deal of time in your home, don’t rush the process of finding the ideal one. This is an enormous decision that shouldn’t have any specific time constraints.
Can you really afford the house you are interested in?
A crucial step in this process is to get pre-approved for your loan. Many people are deterred from this because they feel it is a loan commitment; however, it’s simply a way for lenders to check items such as appraisals and the latest credit reports. It also ensures sellers that Realtors are only bringing in buyers that can afford their list price. Despite fluctuating interest rates, pre-approval provides a reasoned, careful analysis of what you can afford. After all, loan officers are routinely paid only when loans are originated, so it doesn’t make much sense for loan offers to suggest high loan limits that later can’t be delivered. Getting pre-approved is just another step in making the whole process run faster and smoother.