Buying A Home or Business
Contact a Real Estate Agent
As an experienced real estate agency, we can assist you through the entire process of buying a home or business, should begin with an interview with the real estate agent. Providing information to your agent about your needs and desires along with your qualifications that will enable you to get financing.
Get Pre-approved for a Loan
Your agent can suggest lenders based on your particular situation. It is always a good idea to contact several lenders, and determine which one will give you the best deal.
Determine Your Price Range and Area(s) in which you’re Interested.
By now, you should have a good idea of what is affordable for your buget and this will help you narrow down your search.
Decide Which Amenities and Features You Must Have – and Which Ones Would Be Nice but not Necessary
For the commercial properties knowing the square footage of the building that you need and other features required will be an asset to finding that perfect location.
For residential purchases determine how many bedrooms and bathrooms that you want? Would you prefer a newer home or an older one with established landscaping? Which features would you be willing to give up if you were to find the otherwise perfect home?
With Your Agent, Begin Seriously Looking at Property
Your agent can compile a list of homes based on your criteria, or show you any homes you might have already found, including any that might have just been placed on the market.
Look at homes with a critical eye – does the floor plan work for you? Is the property in good condition? Would it be right for your lifestyle? In short, can you imagine yourself and your family living there?
Take notes at each home you visit. What are your likes and dislikes? Narrow down your choices; revisit homes in which you’re interested. See them at different times of the day.
Make an Offer
When you’ve identified the home or business you want to buy, be ready to help your agent prepare a written offer quickly. Your agent will be familiar with market values and will help you arrive at a price that gives your offer the best chance of being accepted.
At this stage, try not to become emotionally attached to a home. Your offer may not be accepted for any number of reasons. Have backup homes or property in mind. Be prepared to negotiate through your agent with the sellers.
Have the property professionally inspected, and if necessary, request repairs. Obtain homeowner’s insurance. Contact the local utility companies (phone, water, electricity, etc.).
A few days before closing, stage a walkthrough. Also, you will want to obtain a cashier’s check for the down payment, as well as for any closing costs.
At Closing
-Make sure the terms and conditions of the loan statement are correct
-Carefully read everything before you sign
