10 Free Buyers Tips

1. Have a Plan

Interview and hire an agent. This usually doesn’t cost you a fee, unless you step outside of your agreement with the agent. Talk to at least 2 lenders to determine how much you can spend and what it will cost you every month. Remember credit rating is very important.

2. Research is Key

Make sure you use effective online property search tools to keep you informed of the current market. You will want to research other homes in the area in your price range. Consult with your Realtor and have them run a comparative market analysis to make sure that the house supports the asking price. A good agent can help educate you in this aspect of the home buying process.

3. Complexity of the Paperwork

It is no longer a smiple thing to buy a home. The contract, disclosures and addendum’s for purchasing a home can easily number a couple of dozen pages. The agent you choose should have the experience to complete the paperwork to your benefit, to negotiate your needs into the transaction and be there to help you understand what the forms say and what the contract deadlines mean.

4. Velocity of the Market

The right home at the right price sells almost immediately. Other homes that were poorly priced or lack condition may take weeks or even months to sell. Your agent’s job is to give you immediate access to new listings so you are one of the first people to say yes or no.

5. Committment of Time and Energy

Once you decide the time is right to purchase a home it is very important that you make a committment to respond to the market quickly. Whatever your price point or location needs the best properties are often selling within days, if not hours of being in the market place. The Thoeming Group will get you the information, but you need to be available. What is important that you are one of the first to say yes or no to new listings.

6. Get the House Inspected

This is one of the most overlooked aspects of buying a new home. When making an offer on a home, it is a good idea to make your offer contingent on the home inspection conducted by independent authorized inspector. You ought to pay for this inspection yourself to keep you from buying a house that will cost you far more in repairs down the road. If you’re satisfied with the results of the inspection, then your offer can proceed. If you aren’t, you may want to negotiate, asking the seller pay for repairs or asking for a lower price.

7. Take Photos

In today’s world, everybody has a digital camera with them most of the time. Make sure you use it to take lots of photos of the home you are interested in, especially specific areas of the home such as the bedroom, bathroom, and kitchen. This way you can go back and view the photos to refresh your memory.

8. Have Properties Emailed Directly to You

It is so simple nowadays to have properties that match your criteria automatically e-mailed to you as soon as a property hits the market with the exact criteria you’re looking for in a new property. Consult with your local Realtor in getting signed up for your very own eProperty Notice and sit back and look for properties delivered right to your inbox.

9. Other Players in Your Transaction

Inspectors, lenders, title officers, trades persons and contractors are all individuals that you may come to work with during or after your purchase of a new home. The Thoeming Group maintains excellent working relationships with individuals that will be there for you when you need them.

10. Have Fun

Whether you are a first time homebuyer or looking for your dream home, shopping for a home should be an enjoyable experience. Have your loan processing started so the seller knows you are qualified to buy their home. Rely on your real estate professional’s expertise to take away some of the stress and just have fun.