1.
Get pre-qualified with a lender: This is the most
important step, because it lets you know what your financial
situation is. It can tell you how much you are able to borrow,
what monthly payments would be on the amount borrowed, and even
if selling your current home would be advisable. This step also
saves time when you are looking for a new home by eliminating to
expensive or uneconomical homes.
2.
Search Local listings: After you have been
pre-approved and know how much your monthly payments will be-
start searching for property within your price range. See what
properties are on the market and if the house that you are able
to buy is suitable to your needs. If you would like to view
homes for sale in your area Click Here.
3.
Set a showing for the property: If you find a
property you like, set a showing for that property. Going to
open houses on a Sunday afternoon is the worst way to find
property. You should make a list of properties that you would like
to see, then plan to view all properties in the same
day. Why? Because, it will give you a better perspective of how
each property compares. And besides, if you go to an open house-
there will be a lot of pressure on you to buy that particular
house. You should preferably view homes with a real estate agent
that represents only you. Your RealtorŪ will help you choose
homes to view.
4.
Research the properties you've seen and write offers: If
you found the house of your dreams, make sure you know all of the
facts. Your RealtorŪ will be able to help you with
research on any specific property. The RealtorŪ that we connect
you with will find tax data, review the auditors website,
generate a comparative market analysis, and suggest home
inspectors. When all the facts are in
place, make an offer on the property. Bare in mind, that most
property sells for at least 97% of its asking price. Offers too low will
be a waste of time and offers too high are a waste of value.
Make an offer that is fair according to your RealtorsŪ research
on the property.
5.
Inspections- It is advisable to always order an
inspection. Why? most of the time sellers will repair things
that are broken for free. In most cases, you should put an
inspection clause in your contract that allows you to bring an
inspector through the house before you close. The inspector will
make a list of items that are in bad shape or need repaired.
This inspection is EXTENSIVE and will include even very minor
things. It doesn't hurt to request that the seller fix major
items. Remember if you are buying a used house, it will not be
in the shape it was when the original owner purchased it.
6.
Title, closing, and moving in- Request to use
your title company when you are purchasing a home. Closing with
a respectable title company is very important. Remember to check
the HUD settlement statement very carefully at the closing and ask
questions if you have them. If you are working with a good
company, all questions will be answered before the closing and
it should be as simple as writing your own name. (probably a lot
of times though)
After you have
closed, make moving in an event. Don't get frustrated-
congratulations you have a new home! Take the time to move
furniture in safely and if you can afford a moving company- We
highly suggest hiring one. If a moving company damages your home
or its contents, more than likely they have insurance to cover
the damages.
Steps to a
successful Sellers experience:
By following these
steps, you will not only have a more satisfying and valuable
experience when selling a property- You will also eliminate
many of the stresses that come with selling a property.
Before selling any real estate, you should first set up an
appointment with your agent and evaluate your needs. Your agent will help you
evaluate your current real estate market and will provide you with
comparable sales and analysis. We have provided a
brief synopsis of what will happen as you prepare to invest in
your new home.
1.
Prepare yourself to list: This is the most
important step, because it lets you know what your financial and
personal
situation is. It can tell you how much you are able to borrow,
what monthly payments would be on the amount borrowed, and even
if selling your current home would be advisable. This step also
saves time when you are looking for a new home by eliminating to
expensive or uneconomical homes. To adequately prepare yourself
to list your home for sale, you should contact your bank and
make sure you can financially afford buying another home after
you sell your home. Make sure that
2.
Schedule at meeting with your agent: While you
are preparing yourself to list, plan a meeting with your real
estate agent. At this meeting your real estate agent will show
you the sales prices of comparable homes and suggest
improvements that will help you sell your home both quickly and
at the maximum market price. If it is suggested that the home is
in a good condition to list, you may want to consider getting
the home on the market as soon as possible.
3.
When the property is listed: A good real estate
agent will automatically put your home on a listing schedule.
This schedule will spell out specifically what the listing real
estate agent will be responsible for over the course of the
listing. This schedule should include open house arrangements,
timelines for making price adjustments, dates of new
advertisements, and more.
4.
Offers: When you get an offer on your property,
your agent will explain all of the conditions of the contract
and give advice on accepting, making a counter-offer, and other
programs that deal with real estate offers.
5.
Closing: Closing your property is not an exact
science. Almost everything that is needed to close the property
will be dependent on the contract that your agent helped you
negotiate. Your real estate agent will have to schedule
inspections, an appraisal, a final walk through, etc. The inspector will
make a list of items that are in bad shape or need repaired. The inspection is EXTENSIVE and will include even very minor
things. Sellers might be requested to fix major repairs to the
home if needed, but are not required to. Remember you are
selling a used house, it will not be
in the shape it was when you purchased it.
6.
Title, closing, and moving out- Request to use
your title company when you are purchasing a home. Closing with
a respectable title company is very important. Remember to check
the HUD settlement statement very carefully at the closing and ask
questions if you have them. If you are working with a good
company, all questions will be answered before the closing and
it should be as simple as writing your own name.
Make moving out an event. Don't get frustrated- congratulations
you have sold your home! Take the time to move
furniture out safely and if you can afford a moving company- We highly suggest
hiring one. If a moving company damages your home or its
contents, more
than likely they have insurance to cover the damages.
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links soon!
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