Home buying can be a daunting and complex process. But with me at your side, it doesn't have to be. Remember, I work for you and I am there to look after your best interests. So take a few minutes and learn how I can help you find what you're looking for.
Make sure you're ready to buy
If you're thinking of buying a home, you've come to the right place. This web site can turn you into a house-hunting master. But before we jump right in, you have to make sure three things are ready: you, your bank account, and the real estate market.......... Read More
Decide what you want to buy
Nowadays, there are many different types of homes to choose from. And there are pros and cons to each. Take a minute to reflect on your lifestyle and based on that, decide what best fits you..Read more
Needs VS Wants:
Real Estate professionals label Must-have features in a home as "Needs", and Features you'd like to have are called "wants". Your plans to buying a house should be to find a home within your price range that fulfills all or most of your 'needs', and as many of your 'wants' as possible.... Read more
Sell your current home
Most people can not afford to hold onto two homes at the same time, if you own the home you have now, you'll probably need to sell it.
When should you sell?
Seller's market: When there are lots of people looking for homes but not many for sale,
Buyer market: When there are lots of homes for sale and not many people buying them.. Read more
Find out how much you can afford
Before you start looking for your new home, figuring out your budget is the first and most essential step in buying a home. It's probably the most expensive thing you'll ever buy, and there are lots of expenses you might not even know about. Some of them include:
Cost of buying a Home:
One Time Costs: Down payment , Legal fees , Title insurance , Inspection fees , Property Transfer Taxes
Mortgage: Determine how much a bank will lend you.
The first step in determining how much a bank will lend you is to understand how much you can afford each month. This is determined by using two lending principals.
1- Gross Debt Service Ratio (GDS): Your monthly housing cost should not exceed 32% of your gross monthly family income.
2- Total Debt Service Ratio (TDS): Your monthly housing cost and payments on all of your other debts (including loans, credit card and lease payments) should not exceed 40% of your gross monthly income...... Read more
Arrange a Mortgage
There are many banks, credit unions and other lenders out there who would love your monthly mortgage payments. So talk to everybody and don't be money-shy! Talk to your banker, other banks and people you know. Real Estate Sales representatives can be very knowledgeable about mortgages and have lots of good advice..... Read More
Actively looking for your dream home
Once you have a firm understanding of your wants and needs, your mortgage affordability, the costs associated with obtaining a mortgage and interest rate. Now is the time to see what's available out there. This step can be either a lot of fun or very tiring. But with me at your side, you'll be able to find to your desired home much more productively. We will visit the areas you're considering to get a feel for them. Make note of surrounding schools, shopping and recreational areas. Keep an eye out for not-so-great things like large industrial areas, railway tracks and airports. Visit during the day and at night..... Read More
Make an offer
You've found a home? Congratulations! Now, if you actually want to make it yours, you have to make a successful offer, one that the seller will accept.
Preparing the offer
I can prepare the offer for you. Here are some terms you'll see in the offer..... Read More
Find a home inspector
When you're buying a home, you'll want to scrutinize every last detail. Home inspections rarely cost more than a few hundred dollars, and can save you from unpleasant surprises. I can help recommend several home inspection companies to choose from.
Make a conditional offer based upon a satisfactory home inspection This is an increasingly standard condition on any resale home. If the seller doesn't... Read More
Finding a lawyer
Buying a home involves piles of legal documents. You need someone to translate the 'legalese' and ensure your best interests are protected. Your lawyer is here to help you. Ask questions if you don't understand anything. Explaining legal jargon in plain language... Read More
Close the purchase
When your offer gets accepted, the lawyer and I will do most of the closing work needed, but you still have some work to do. Immediately begin satisfying any conditions of the agreement that require action on your part. I can fill out the documents stating that the conditions have been satisfied. Have your lawyer begin searching.. Read More
Moving day will come sooner than you think, so get planning now.
It may or may not be practical to move in on the closing date. You may not get the keys to your new home until late in the day. So you may want to try and schedule the actual move for a day or so after closing. If you intend to move at the end of the month, contact a moving company or truck rental company now before they're all booked. If you can move mid-week or mid-month, a moving company might cut you a deal. Go with a reputable moving company. Go with an established, insured mover, so your items are protected.
Pack it yourself, and pack early. Nobody will take the.. Read More