Tips for Buyers
First, you need to speak to a lender:
The guidelines for loans keep changing so make sure to ask him/her lots of questions. We have several lenders that we can recommend that we work with on a regular basis. Of course you are welcome to choose your own. We will need to be in contact with them as well before we go out shopping for your home. Communication with the lender is key.
By contacting the lender first, you will be aware of how much your payments will be and you’ll be better informed about the choices for the best type of financing for you. There are differences between conventional loans, 10% down vs 20% down and FHA loans. These are the details you want to go over with the lender before you go out shopping and we can also help guide you through this process. You may even want to talk to your tax professional before or during … everyone’s situation is unique.
Also, by speaking with the lender you will find out about how much your closing costs will be so you're not surprised at the end. This also helps to determine if you may need a co signer or to save more money, pay some bills off etc.
These and more are the details you want to go over with the lender before you go out shopping. We can also help guide you through this process. By consulting with the lender, you will also find out about how much your closing costs will be so you're not surprised at the end. Make sure to ask him/her lots of questions and take notes.
Make a list of what you need:
The list should include what you’d like to find in your new home, and prioritize them. Involve all the decision makers in this step. You may find that your financial partner’s wants or concerns are the same as yours, or maybe some new ideas will develop! You can always make changes & adjustments as you go along. We know the areas and floor plans very well and can help you with this when we get together.
Let us set you up with a Listingbook account so you can follow the market in areas where you are interested. Listingbook is also a fantastic research tool so you can educate your self on the current market trends in real time. Listingbook is not a public site like Trulia or Zillow. Those are fine for basic information but are often inaccurate and not timely. Listingbook searches real time MLS information and is very accurate.
Patience and education are the keys:
Don't be afraid to ask us questions, we are your consultants.
Realize the process takes some time:
Real Estate markets go in trends and it is very helpful to know what the current trend is when you are shopping for a home. The more you know about the market the better it is for you when decision time comes, you'll know when a property is right for you.