|
|
North Andover, Andover, Methuen, Haverhill and Merrimack Valley MA Real Estate home sale and home buyer representation.
Working together on
your real estate goals.
|
|
Ron Carpenito's
Prime Property Team
powered by:
Keller Williams Realty
168 North Main St
Andover, MA
Mon-Fri 9:30-5:00 EST
Sat-Sun By Appointment
617-797-8710 Mobile
978-475-2111 Office
978-327-5182 Fax
|
|
Lucky 7's - 7 Tips for a smooth home purchase
If you are unfamiliar with the home purchase process these are some points to consider to make the transaction as smooth as possible. Contact us to discuss and to see how our buyer representation services and network of resources can help.
CHECK YOUR CREDIT SCORE
Before even looking at property or thinking about relaxing by the new pool check your credit score and history. Clean up any flaws or problems with your credit, it may make the difference between getting a mortgage at a reasonable rate or paying through the nose for the privilege.
GET PRE APPROVED FOR A MORTGAGE
It is not that we want to know how much you can "really" spend. Its so when we find the property you really want, we will be able to proceed quickly with an offer. In any market sellers are more likely to take your offer seriously if you are Pre-Approved as opposed to simply Pre-Qualified. Remember Pre-Approved means you've passed the more stringent requirements of your lender making you a stronger buyer. We have an in-house mortgage partner, Metro Cities Mortgage, as well as a network of lenders, to make this process as quick and easy as possible.
KEEP EMOTIONS OUT OF THE PROCESS
Once you fall in love with a home it is very difficult to look at it objectively. You need to hold your emotions at bay until after the close. This is a serious investment in your life and future and it needs to be dealt with a level head. Remember there are plenty of homes to choose from. Working with us as your Buyers Agent will remove some of that emotion and preserve your edge during negotiations with the sellers.
WORK WITH A PROFESSIONAL REALTOR®
Working with a Realtor® will help you find a property faster, its as simple as that. You may also want to work with a buyer's agent (see what is buyers agency anyways), who specifically represents the buyer in the home purchase transaction. If not, at least recognize that the agent who shows you properties most likely represents the sellers and, under the law, must protect their interests, not yours.
HIRE AN ATTORNEY
You will be signing an offer, a purchase and sales agreement, and a multitude of additional documents on your new home. These agreements are legal and binding documents. Realtors® are NOT attorneys and cannot offer legal advice. Although we can explain the documents to you, if you are uncomfortable with them you should consult an attorney to review. Also, you should have your attorney (not the banks) present at the closing to assist with anything that could go wrong. If you do not know of a reputable real estate attorney, we are happy to recommend a few that we have relationships with for you to choose from.
ALWAYS GET A HOME INSPECTION
Having a home inspection is always a no brainer. Realtors® are NOT home inspectors and cannot offer you definitive guidance or guarantees on the true condition of a property. You are spending possibly the most amount of money in your life, why wouldn't you want to spend the $300-$500 to have a professional point out what may or may not be an issue down the road. Also, if needed get a lead, radon, mold or any other issue you are concerned about inspected. There is no price on peace of mind.
CHECK WITH YOUR INSURER ABOUT INSURABILITY
Insurance companies are reluctant to cover homes with past claims for water-related damage. If you're not going to be able to insure a home, or insure it at reasonable cost, you will not want to purchase it and the bank with most likely not give you a mortgage with it.
<< Back
|
|
|
