Buying a home is one of the biggest decisions you may ever make. Not only are you choosing your home, and the place in which you will live, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. There are many different types of loans available these days and you need to find the one that is right for you. I can provide you with names of several lenders that provide loans that will suit your needs. Please know, I do not get any "kick-
When buying a home in Bastrop County Texas, it usually costs nothing to hire a real estate professional to help you find and purchase a home-
Determine how much money you can raise for your down payment and how much you can afford to pay on a monthly basis. Go to a lender to find out the size of mortgage you qualify for and get pre-
Determining how much cash you will need on hand to purchase is dependent upon a number of variables. You will need your down-
Any purchase offer you make should be contingent upon your approval of a qualified home inspector's report, even when buying a new or almost new home. I can provide a list of local inspectors, or you can contact the Better Business Bureau or check the local Yellow Pages. Even if your lender does not require it, you may want to consider conducting a full land survey-
I usually recommend purchasing a 10-
It's up to you to tell your agent what you want and how you want to be involved in the home search process. Some buyers prefer their agents to handpick properties for their consideration; others want to receive the hot sheets on a daily basis so they can comb through the new listings themselves. You should listen to your REALTOR®'s advice, but always remember that you're the boss. And speaking of bosses, it's a good idea for ALL decision-
Good communication is the cornerstone of any successful relationship. You can count on me to provide you with the information you need on a schedule and in a manner that suits you best, and you will always have 24 X 7 access to a wealth of online resources through your private Web page. If need be, you can get in touch with me day or night via e-
Every one of my clients is unique, and that is exactly how I treat him or her. I'm proud to say that a high percentage of my business comes from past clients-
Before you shop:
Be a smart consumer. Learn the financing basics. Know how to shop for a home loan that's right for you.
Know what you want. The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time and necessary repairs.
Keep your debt load to a minimum. Don't make major purchases or incur any additional debt until after your purchase. Pay down credit cards and don't apply for new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.
Be prepared to view new properties quickly. Sometimes homes sell quickly, so be ready to make fast decisions. Be accessible to change the terms.
Have instant access to your agent. Instant communication can mean the difference in purchasing the property of your choice.
Before you buy:
Submit a strong competitive offer. Your REALTOR® should be able to tell you what percentage of the asking price most homes in the area are selling for.
Include a substantial earnest money deposit. Sometimes offers are accepted based on the amount of the deposit.
Try to minimize the number of contingencies. Fewer contingencies mean a stronger offer.
Hire an inspector. A professional building inspector will make sure the house of your choice is in satisfactory condition.
Check zoning regulations and covenants. Good residential neighborhoods will be zoned to keep out commercial and industrial users. Read any restrictive covenants and make sure they fit your lifestyle.
Request an updated property survey. Be sure it clearly marks boundaries. Check for problems.
Make sure you know what stays or goes. Your contract should be very specific about which items (appliances, etc) are included in the sale.
Get agreements in writing. Make certain verbal agreements are written into the final contract to avoid any stressful and expensive issues later.