Let me help you every step of the way
When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.
With You for every step
While at your side each step of the way, I will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. I will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.
I am always familiar with the current homes on the market, and I know neighborhood values well, so I can help you determine which properties are fairly-priced and in good condition before you start your search.
Your first step
Your first step to buying a home is to first ask yourself why you want to buy a home: to stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house? Next, list what kind of home you’d like and where you would like to be. Be specific. Separate the “must haves” from the “want to haves.”
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighbourhood, country); community (north, south, east, or west side); neighbourhood (older and settled or sparkling new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). Ask yourself how many minutes you are willing to commute to work.
Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Consider size and kind of property. Do you want a newer home, or maybe an older one to fix up? Someday you or your heirs will want to sell. Consider how long you expect to live in this particular home.
Your next step: Loan Pre-Qualification
Once you have addressed the above needs, your next step in the purchasing process is to get pre-qualified with a mortgage company. This can be done over the phone or even online in a matter of minutes.
Call me and I will connect you with a mortgage professional with an excellent reputation and track record for successfully acquiring loan approval for his/her clients.
I will find the right homes for You
Once you’ve been pre-qualified and know what price range you want to stay in, I can help you determine which properties fit your needs by using the (MLS) Multiple Listing Service system to locate them.
I have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can even search my listings here at my website.
I will help You every step of the way
I will help you complete your financing and inspections, and close on the transaction. My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful.
Understanding Market Conditions
The real estate market is always changing and it helps you to understand how market conditions can affect your position as a Buyer.
Each local market is unique and requires its own assessment. Below is a practical table that can help you understand the implications and characteristics of your market:
The supply of homes in the market exceeds the demand by sellers. High inventory of homes. Few buyers compared to availability. Homes on the market stay longer. Prices tend to drop. More time to look for a home. More negotiating leverage.
The number of buyers looking for a home exceeds the supply or number of existing homes in the market. Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase. May have to pay more. Make decisions quickly. Conditional offers may be rejected.
The number of homes on the market is roughly equal to the demand or number of buyers. Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable. More relaxed atmosphere. Reasonable number of homes to choose from.
Obtaining a Pre-approved mortgage:
Having a pre-approved mortgage will give you the confidence of knowing exactly how much you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home. However, it is critical to remember that pre-approved financing is not a guarantee that you will qualify for financing on a specific property.
As a Realtor, I work closely with a team that includes Mortgage Specialists to help you determine the right home and select the best financing that is best for you.
Finalizing your mortgage:
Once you have found the home you would like to purchase, there are some documents you will probably be asked for in order to finalize your financing. They may include:
- A copy of the real estate listing of the property. If the home is still to be finished, the mortgage lender will need to see the architect’s or builder’s plans and details on lot size and location;
- A copy of the offer to purchase or the building contract, if this document has been prepared;
- Documents to confirm employment, income and source of pre-approval.
If you have a pre-approved mortgage, it’s generally a simple matter of finalizing a few details, which your Mortgage Specialist will explain to you.