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WHAT ARE MY
ADVANTAGES IN BUYING A HOME?
There are many benefits such as pride of ownership, an
increased sense of security, the ability to make improvements
of your choice, and not least of all, tax benefits.
- SHOULD I WORK WITH MANY
REALTORSŪ AT THE SAME TIME?
Because all RealtorsŪ have access to MLS (Multiple Listing
Service) and all of the available listings, one RealtorŪ with
whom you feel comfortable will save you time, and you won't
need to be re-qualified each time you work with a new RealtorŪ.
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HOW SHOULD WE
PREPARE FOR THE FIRST MEETING WITH OUR REALTORŪ?
Decide which features you have in your present home that you
would like in your next home. You should also decide what
additional features you would find appealing. Be certain to
list all of your income and its sources, as well as your debt
information which will hasten your qualification process.
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HOW LONG
SHOULD IT TAKE FOR US TO FIND THE RIGHT HOME?
Because the Realtor'sŪ job is to consider your needs and
match them with the best house, you may be surprised to
discover that you find your next home the very first day you
look.
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WHAT AM I
SUPPOSED TO DO AT THE SHOWINGS?
Make a mental list of everything you like and don't like as
you go through each home. Then, as you travel to the next
house, you can review this information with the RealtorŪ.
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WHAT SPECIFIC
THINGS SHOULD I LOOK FOR IN A HOME?
Look for features that you really would enjoy. Try to picture
in your imagination your family and your furniture in the
home.
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WHAT
QUESTIONS SHOULD I ASK ABOUT THE SCHOOLS?
You would want to know how the state ranks the school(s), test
scores, sports programs, gifted and special programs. You may
even arrange to visit potential schools.
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IS IT
POSSIBLE FOR US TO FIND OUR DREAM HOME?
Yes, however, no house is perfect in every way. There will
always be something that is not exactly right or in accordance
with criteria. A home has a multitude of advantages and
features. If you are able to get approximately 90% of those
features in a specific house, this may be the one for you?
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I'M
TRANSFERRING TO A DIFFERENT CITY. WHAT DO I DO DIFFERENTLY IN
THIS CASE?
As a transferee, you should try to get a feel for the entire
city and the neighborhoods. This will help you find an area
where you think you would be the most comfortable, before you
begin to look at specific houses.
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WHAT SHOULD I
KNOW ABOUT THE CONTRACT FOR SALE AND/OR THE OFFER TO PURCHASE?
Ask your RealtorŪ for a sample blank copy of the contract.
There are differences in financing, contingencies, inclusions,
exclusions, and specific dates of importance.
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DO I NEED TO
HAVE ANY INSPECTIONS ON THE HOME?
You should consult with your RealtorŪ about this. Regulations
and requirements regarding home inspections, and reports about
mechanical, electrical, and structural features differ widely
throughout the country.
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CAN I ADD
EXTRA INCLUSIONS INTO THE CONTRACT THAT ARE NOT IN THE
LISTING?
You should consider the possibility that the seller had
personal or financial reasons to exclude these items. However,
you may try to negotiate their inclusion through your RealtorŪ.
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HOW DO I
NEGOTIATE WITH THE SELLER TO GET A CONTRACT TO MY ADVANTAGE?
Your RealtorŪ can negotiate using the fair market value
of similar properties that have been sold. The comparable
sales will show the sellers that your offer is accurate, given
these standards.
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WHAT KIND OF
PRESSURE SHOULD I PUT ON MYSELF WHEN I'M ABOUT TO SIGN A
PURCHASE OFFER?
If you should find a house that feels right for you , place
pressure on yourself to make an offer. After all, there may be
another potential buyer who also finds this house appealing
and while you are delaying a decision, the other buyer could
conceivably offer a purchase agreement first.
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WHEN SHOULD I
BEGIN TO LOOK INTO FINANCING?
At the time you sit down for the qualification interview, you
may wish to bring up the issue of alternate financing. Then at
the time you are ready to decide on the contract, your methods
of financing are already taken care of.
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WHAT
DOCUMENTS SHOULD I BRING TO THE LENDER?
Your RealtorŪ will give you a list of all the items
pertaining to income and debts that your lender will require
in order the hasten the process of approval.
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WHAT TYPE OF
FINANCING SHOULD I CHOOSE?
Ask your lender about the various types of financing
available. In recent years, many various types and terms of
financing have become commonplace. You may also wish to speak
with various lenders regarding their programs and how they
might fit your needs.
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WHAT IS
"BUYER'S REMORSE"?
Buyers usually second-guess themselves as to whether or not
they made the correct decision. This normally sets in between
the time the contract is signed and is closed. You may want to
contact your RealtorŪ if and when you begin to get these
feelings and discuss it with him or her.
