BUYING A HOME

Step - 1  The Duities of  the Seller's Agent


Most homeowner hire a qualified agent to sell their homes.  It's a challenging task for an owner to price their house to meet the demands of the market.  To know if a buyer is window shopping or pre- qualified.  Understand the latest real estate regulations, the agent could be available to show a prospective buyer the property prepare contracts and coordinate the details of a closing.


Knowing the market sales, comparing home conditions and the advertising of the property makes a winning sale of your home.  Agents have tools to put your house in the best position to be sold, some example:


  • Having the resources to buyers looking to buy homes
  • Agents can pre-qualify buyer and compare their needs to buy
  • List your property in the MLS (Multi- Listing Search)
  • Contract that help protect all parties interest.


Step - 2  When and how long to the Sale Date


Average selling time are between 15 through 90 days, it depends on the market, price, condition of the house, and exposure.


The price of a house is only the value a person want to pay, but an Agent will get close with the sale price that a sense of demand will see high number of showings to the marketplace.  Qualified buyers who been working with a Agent, already seen other properties in the area, and have a great understanding about the area prices and sales.  So when your house hit the market place they are now prepared to make offers when they see the right home at the right price.


Buyer and Agents watch the days a house is on the market.  The first couple days the property will sell at it highest price, but the longer the property sits, the buyers watching may think the seller needs to sell or be willing to lower the price and negotiate terms.  If the property sit for a longer time, the buyer may wonder why the property has not sold and what is wrong.


 



 

Selling Your Home


Step -3  Investing in repairs or renovations


Before you start on the repairs or renovation of your home,  you should start with contacting a licensed home-improvement company or consultant to help you make the best decision for updates to your home, especially for high cost repairs such as: (heating, electrical and plumbing).


Spending $2,000.00 or up to $50,000.00 on repairs still will not sell your house more than 10% over the other house in your areas. The reason to ask your broker's opinion about the cost to improve or update certain area of your home, verse the return on the value to the home after the repairs.  This is important to know which repair will add value to the home for a higher sales price.


Step - 4  Closing Day


Your agent will help you get ready for closing day, by going over the necessary paper work of the closing process and what will be expected of you that final day.  Your agent will re-check all documents and other information prior to the closing date.


Just a Big reminder when you sell, you'll owe your agent's broker a commission.  This was the most important matter you discuss at the time of listing your house with a broker.


Today's Best Homes, we will make the selling of  your home as pleasant as possible.  So even if you're not so sure to list your home right at this moment, by reading this information on this web-site it will have you better prepared and an insight on details of selling your home.   

Step -1 Make the Decision to Buy


It seems obvious, but it's good to note that the first step to buying a house is making the decision to buy.  Consider the reasons you want a new house and write them down.  Determine how long you want to live in the new house, does buying still make good financial sense?  Can you afford a house that will meet your list of requirements?  A good rule of thumb is your mortgage payment should not exceed 2/3 of your net monthly income.


Step-2 Seek Professional guidance


We would like to schedule a time to meet with you to hear the reasons you want to buy a house and your plans for the future.  We'll talk about neighborhoods, school, economic factors liable to affect the market today and tomorrow, as well as how you would like your house and neighborhood to grow with you.  At this time, we will also help you get pre-qualified for a mortgage loan.  Pre-qualification is a written statement from a loan officer indicating his or her opinion that you will be approved for a mortgage loan up to a certain amount.  The fact that you are prequalified will help us when we are negotiation the deal.


Step - 3 Begin the Hunt


After our initial meeting, we will search all our resources for houses on the market that fit your criteria.  We will preview these houses to eliminate the not so favorable.  Then, we will schedule appointments to tour the houses at times convenient to you.  As we tour houses.  We will point out positive features that you desire and show the not so desire as well.  We will ask you to tell us what you like and what you didn't like.  You'll will do a check and balance with your "whish list" as we tour houses, some things will become more important and others less important.  With this list of likes and dislikes from the toured houses, we will tighten our search criteria to narrow in on the house of your dreams.


Step - 4 Knowing the Market


Our knowledge of the local market is an essential factor in the house search. We'll let you know when the market in a particular neighborhood is "hot" and requires immediate action or when the market is "slow motion" and allows for thoughtful consideration.  As we tour houses, we'll let you know when the asking price has negotiation room and when the house is "priced to sell".  Our unique market tools and knowledge will keep you a step ahead of the "house hunting competition".


In a "seller's market", it is not unusual to see multiple offers on a property, full-price offers and even above the price offers.  On the flip side, during a "buyer's market" there are more houses for sale than buyers.  this gives us more negotiation room as houses are taking longer to sell.


Step - 5 Finding Your Dream House


We're confident we'll find your dream house.  When we do, we'll put together the purchase offer tailored for your needs including appropriate contingencies, (such as obtaining financing, favorable home inspection, clear title, etc.).  The offer is normally presented with "earnest  money".  This is a cash deposit made to a home seller to secure an offer to buy the property.  The amount is applied to closing costs.  If the seller accepts the offer, generally closing is held 30-60 days from the offer date.


 



Step - 6  Negotiate the Deal


It is not uncommon to receive a counter offer when the initial purchase offer is submitted.  Don't let this discourage you, we'll discuss the counter offer and decide whether or not to accept the counter offer and submit our own counter offer, or reject the counter offer and move on.  Market condition will play a role in how aggressively we negotiate the deal.  We will also work within your goals set.  It's better to set the goals prior to negotiating an offer and stick to these goals.


Step - 7  Get The Money


During the closing period, you will be working with your mortgage lender to close the loan.  Since you are pre-qualified for the loan before starting your home search, you will be that much closer to the closing on the house of your dream.  We'll have all the property information your lender will need to close the loan.


Step - 8  Close the Deal


You will  get a "Good faith Estimate" of closing costs at the time the loan application is submitted to the lender.  The estimate is based on the loan officer's past experience and may no include all the closing costs.  We will be glad to review the "Good Faith Estimate," answers question and highlighting missing costs and estimates we believe to be average.


Step - 9 "There's No Place Like Home"


Congratulation!  It's time to move into your new house and make it your home.  Enjoy the single moment of peace after the closing.