Buyers

Don't Miss Out On Your Dream Home

When you find your dream home, time is of the essence.  Wasting precious time to get your pre-approval is not something you want to do.  Many Buyers are under the assumption that they can make their offer conditional upon financing and cover the financing aspect once their offer is accepted.  Although this may be true, if you have to compete against other offers for your dream home, your offer will not be taken as seriously.  The reason is because despite the other offers being conditional upon financing; the Seller's Realtor will ask which Buyers are actually pre-approved.

Another great reason for getting pre-approved is to save yourself time and money.  Once pre-qualified you will know exactly what homes you can afford helping you to narrow your search saving you time.  Plus, once pre-approved you are guaranteed the current interest rate for up to 90 days (depending on the lender).  This is very beneficial because you are guaranteed the current interest rate even if interest rates increase which can svae you thousands! 

You're probably wondering, "but what if the rates decrease?"  No need to worry, you can still qualify for the lower interest rate if the rates drop before you buy your home.

If you have not already been pre-approved to purchase a home, click here and we can link you to our trusted lenders.

Should I Sell My Home Before Purchasing A New One?
 

When purchasing a home, if you have not yet sold your own home there are a few things that you must consider. 

1) When is the closing date?  Depending upon the situation of the Seller; a long closing may work.  Considering, the average home takes approximately 3 months to sell; you need to select a closing date that gives you enough time.  If you don’t give yourself enough time to sell your own home before closing, you are going to be stuck carrying two homes.  Can you afford this risk?

2) Is this a seller's market?  Look at the homes that have recently sold in your area, and find out how many days they took to sell.  If you need to be sold in 60 days but the average house is taking 90 days you may run into problems.

3) How many homes are on the market?  If there are a lot of homes on the market, you may have a Buyer's market which could make it difficult to sell your home at the price you desire. 

When answering these questions it should become clear whether or not you should purchase a home before you have sold your own home.

10 Tips For Picking the Right Home

1. Drive the streets, stand on the front porch and check out the surrounding homes to determine to get a good feel for the neighborhood.  The neighborhood affects not only the price you should pay for the home but what the future value will be when you go to sell.  You can usually get a good feel for the neighborhood by looking at the roofs, driveways, cars, lawns and other exterior features.  If the trend for the street is poor exterior maintenance; it's usually a good indicator of the interior condition.  With that in mind, poor exterior appeal of surrounding homes can make it difficult for you to sell when it comes time to move.