SIX Tips for Buyers
when purchasing a HOME
Preparation is the cornerstone of any success, including the purchase of a home.
Buying property is a tremendous investment of time, money, and energy. The process can even be a little scary for some, if not most. Avoiding buyer’s remorse is often on the minds of homebuyers. An experienced real estate professional knows and accepts the responsibility of heading off any negative experiences at the pass.
Kelli Grant Group is committed to providing the highest level of industry expertise, market knowledge, and negotiation skills to ensure a happy homeowner.
We offer you the following SIX tips to ensure a smooth transaction from start to finish. And when you’re ready, we are here to answer your questions, discuss the current market, and discern the next best step for you and your real estate goals.
TIP #1 – GET HELP
Your home is likely to represent one of the largest investments in your life. To ensure that the transaction goes smoothly, it is of vital importance that you choose the right agent to represent your interests. The right agent will be someone whose experience and personality makes you feel comfortable. Look for an agent that is familiar with and knowledgeable about your desired neighborhoods and locations.
TIP #2 – GET PRE-APPROVED
Do you already know how much home you can afford? There is nothing more frustrating than looking for a home, finding the perfect home, and then discovering that it is out of your price range. Speak with a lender to learn about the different financing options available to you. When you find the right lender, get the paperwork processed so that you will be ready to buy when you find the right home. This will also help to give you a leg up on other offers that might be presented alongside yours.
TIP #3 – AVOID MAJOR PURCHASES
In order to determine the amount of home you can afford, a lender uses your debt-to-income ratio. This ratio is the percentage of your pre-tax income that you spend on debt. Your debt ratio will include: monthly housing costs, car payments, credit cards, student loans, and any other installment debt. If you take on more debt right before buying a home, it will impact the loan amount the lender will finance.
TIP #4 – GET VIP ACCESS
Sign up as a VIP on our website. In order to make an educated decision, you need to know what homes are available and for what price homes are selling. You can browse all the active listings from our website. Once you have found some homes you like, save those searches and sign up for Property Watch. New listings will be emailed to you automatically. The best homes move fast. The Property Watch feature will alert you on available inventory at all times so you do not miss out.
TIP #5 – ASK QUESTIONS
No one knows the home better than the seller of the property; however it is not always in the seller's best interest to disclose all the information. If you find out the seller's motivation for selling, you might be able to negotiate a better deal on the home. Try to find out the last time service was performed on the roof, furnace, and water heating. Asking the right questions now can end up saving you a lot of money in the long run.
TIP #6 – GET INSPECTED
Save yourself time and money in future renovations and/or possible litigation by hiring a licensed home inspector before you buy. If any major problems are found, it will steer you away from a bad decision or help you negotiate a better price. The last thing you want to discover after you have bought a home is that you have purchased a "money pit" that is full of costly repairs.