This video explains the "typical" home buying process. Your Agent A successful purchase starts with the right representative. In fact, once you've selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.
The typical journey of buying a home consists of several main processes. We like to say, "buying a home is not an event, it's a process." Although usually the home search is the fun part in many people's minds, there several are steps that take place before and after the home tours.
Technology keeps making our lives easier (as long as it's working:) and never more true than in the search for a new home. Mobile apps are appearing on the market every day that help buyers find what they want and need in their search.
One of the first questions that a home buyer asks is, "How much house can I afford to buy?" It's best if this important question is answered from the very beginning of the home buying process. That's why we refer a home buyer to one of our preferred lenders before we even take them out to look at homes.
Step 1: Submit a lowball offer. After your Buyer's Agent has advised you, "All the comparables indicate that this is a great price." After the seller has reduced the price by $30,000.
Condominium living is a lifestyle choice that has many perks. The turn-key lifestyle appeals to many people at various stages of life from the first-time single buyer to the retiring boomer couple looking for no maintenance to invade their well-earned freedom. Condo life, however is not for everyone.
Buying a home is probably one of the biggest purchases most people ever make. It is certainly an important part of a life-long financial plan. If you're thinking about becoming a homeowner, there are at least six things to consider before you buy your first home: Is your credit healthy?
Most home buyers make a choice on a home purchase with a combination of emotion and reason. The best approach is to get your financial situation figured out, and only see homes in the price range you can afford. Inevitably, as you search, you will find a home that touches your sensitivities...
Declined. It happens. It's kind of a negative topic, but it is something that home buyers may deal with sometimes, especially in these days of tighter lending standards. The good news is that it isn't a final sentence. It's just a temporary situation that can be fixed.
Finding a Buyer's Agent who is skilled in negotiating is a great start to buying a home. Negotiating in real estate is not like negotiating in the street market, or across the desk from a car salesman...thank goodness! In real estate, there are many moving parts.
Buying a Frederick Md home is usually the largest financial investment the average person makes. As with any purchase, no matter how large or small, it is important to know what you are buying before you buy it. Let me point out the importance of a home inspection.
Many first time buyers may not be aware of the mortgage application process. There is some preparation involved, usually starting weeks or even months before a buyer decides to purchase a home. Here are 5 helpful tips for making a mortgage application that will end in success: 1.
Before you make a loan application, you'll need to gather up some documentation for your lender. Each lender has their list of needed items, but most include these basic things: Your landlord's ( for the last 2 years) contact information. W-2's for each one on the mortgage.
Sellers are mostly concerned with the price of their home. They naturally want to get as much as the market will bear for their home/nest/investment. Buyers should consider the cost of buying the home. The cost involves much more than just the price.
Ensuring a successful real estate closing, the topic of this video chat with Dave Gormley, real estate attorney with Andrews Bongar Gormley & Clagett, Law offices in Southern Maryland. Dave shares tips applicable to all types of real estate transactions, tips for buyers, sellers, commercial real estate and short sales.
What takes place during the settlement or closing? Here are some definitions that will help explain the process. Closing or Settlement - The house is sold when the buyer and seller have reached a "meeting of the minds" and the contract has been ratified, or all signatures are final.
The American Dream for the majority of people still includes home ownership, even after a decade of housing woes. The intrinsic reasons for wanting to own a home are very strong, wanting to decorate and have a yard for the kids. There are also strong financial and practical reasons...this posts explores how both sides of the brain can play their proper part in the home buying process...and buyers can have the best success.