Tips For Buying Your Next Home
It’s important that you choose an experienced agent who is there for you. Your agent should be actively finding you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and answering all of your questions with competence and speed.
First, find an agent who represents you and not the seller. This is beneficial during the negotiation process. If you are working with a buyer’s agent, he or she is required not to tell the seller of your top choice. In addition, he or she is also focused on getting you the lowest asking price.
Also, when you use a buyer’s agent, you will see more properties. Not only are they plugged into their Multiple Listing Service, but they are also actively finding homes that are listed as FSBO, or homes that sellers are thinking about listing.
Tips for Buyers
- Avoiding Financial Stress
- Build a Plan of Action and Get Ready
- Finding the Right Seller
- Getting a Legitimate Lender and Getting Pre-Approved
- Hot, Normal, and Cold Markets
- Importance of Inspection
- Is Buying a Home Still a Smart Plan
- Thinking About Buying a Foreclosure
- Use a Buyer’s Agent
- Why You Should Not Make Any Major Credit Purchases
Homeowner Information
Title and Escrow
- Closing and Title Costs
- Creative Financing
- Required Reporting to the IRS
- Statements of Information
- The Functions of an Escrow
- Title Insurance – Where Does Your Dollar Go?
- Title Insurance Requirements for Insuring Trusts
- Title Insurance When Refinancing Your Loan
- Understanding Preliminary Reports
- Understanding Title Insurance
- Why Do You Need Title Insurance
Real Estate Glossary
Mortgage Information
- Adjustable Rate Mortgages – The Pros and Cons
- Adjustable-Rate Mortgages-The Basics
- Closing Costs When Buying or Refinancing a Home
- Documenting Your Assets – Verifying Your Down Payment
- FICO® Score – a Brief Explanation
- FICO® Scores and Your Mortgage
- Items You Need When Applying For a Loan
- Land Contract
- The Advantages of Different Types of Mortgage Lenders
- The Biweekly Mortgage – Who Needs It?
- The No-Cost Thirty Year Fixed Rate Mortgage
- Types of Mortgage Lenders
- What’s a FICO®?
- Where Does the Money Come From for Mortgage Loans?
- Which ARM is the Best Alternative?
- Your Savings and Down Payment