BUYERSPurchasing a home is probably the biggest financial decision you will ever make. Whether this is your first purchase or you are moving on to a different home that better meets your needs, this decision must be made carefully. Why Do You Want To Buy? - Are you tired of paying rent? Have you outgrown your current home? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right home. Has Your Income Grown? - Home ownership can be a very good investment. As you pay down the principal part of your loan, you are building equity over time in addition to any market appreciation on your property. Can You Afford To Buy? - Experts recommend spending between 33-40% of your income on housing. The tax benefits of home ownership can provide a considerable advantage over renting. Before you start shopping for your dream home, it's a good idea to make some preparations Build your 'Green File' - A green file contains all your important financial documents. You'll need it to secure financing for your home. The typical green file should contain:
- Financial statements
- Bank accounts
- Credit card
- Auto loans
- Recent pay stubs
- Tax returns for two years
- Look for a full-time agent who has experience completing transactions similar to yours.
- Interview a few agents: Are they familiar with the area you are interested in?
- Ask how much time the agent will have for you, and if they have a licensed assistant.
- Ask about their credentials and education: A good agent will continually strive to improve and gain knowledge of the latest real estate trends.
- Does the agent return your calls promptly? Time is money when attempting to buy a home.
- Ask for a list of homes they've sold or a list of references.
- Choose an agent who listens attentively to your needs and concerns. Pick an agent with whom you feel comfortable.
Contact us today to find your piece of paradise: