So, you want to buy a house or condo in this buyers' market? Great idea! ;) For you first-time buyers (and those of you who haven't done this in a while), there's lots that you need to know - not just about the market, but about the process. We share with all of our buyers a fairly comprehensive, custom Home Buyer Guide. We're not talking rocket science here, but almost every purchase or sale has something unique about it. Knowing the basics will help you to prepare yourself for your experience. The following is by no means a comprehensive list; rather, it's sort of a "Top 5" - or better yet, a "First 5" things you should know:
· Be an educated Buyer. Learn as much as you can about the market before you buy. (We help all of our clients with this stage.)
· Be honest and open with your Realtors®. We work for you and can best help you if we have a good understanding of your needs. Once we know your needs, our job is to be the objective medium in the process to ensure your needs and interests are met and protected.
· Get pre-approved for your mortgage as soon as possible. This helps you to determine your budget, and locks in today’s best rate for you.
· Buy the best home you can afford in the best neighborhood you can afford. You are almost always better off with the least expensive home in the area rather than the most expensive. That said, we recommend that you be conservative with your budget.
· There are no perfect homes. Be ready to make compromises and concessions. Know what’s most important to you and ‘give’ on those things that aren’t.
There you have it: five basic principles to get you started on your new home search. Be sure to visit our blog again for more tips - and please do contact us if you want more help! Start at our web site: www.SimonMilberry.com!
Friday, January 16, 2009
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