
Home buyers can avoid
costly mistakes when buying a house by heeding the advice of experts who
know that although your home purchase is traditionally an excellent
financial investment, there are ways to put more money in your pocket from
the transaction.
- Choose An Exclusive Buyer’s
Agent
Learn the local real estate market by choosing
an Exclusive Buyer’s Agent whose job is to educate you about homes
available and what you should offer by preparing a Comparative Market
Analysis (CMA) or property value study. Your exclusive Buyer’s
Agent will also protect your interests by including typical contingency
clauses for a satisfactory appraisal, home inspection, and mortgage
commitment.
- Save Money on Your
Mortgage
If you are looking for ways to
save money on your mortgage, shop before you start looking at homes so
that you can get your best rate and be sure of the amount of your
pre-approval. A pre-approval is a negotiating advantage for you
and is an absolute necessity in a hot market or ‘priced-right’ homes
with competing offers.
- Time Your New Home
Purchase
The best time of the year to buy a
house is when the season slows down and there are fewer home buyers in
the market – Thanksgiving to mid-January. Homes listed and available
during the slow season are from serious home sellers. Most people don't
want to move until the summer months so they don't start actively
looking until early spring.
- Protect Yourself with a Good Home
Inspection
Home Inspectors will tell
you all houses, including brand new homes, have defects; some of
which are incurable. Some defects will be obvious to you,
such as peeling paint or broken windows; others will call for
the education and skill of a good home inspector and/or
other professionals to test for the presence of pests,
radon, or lead paint.
The bottom line: Prior to affiliating with any realtor,
please ensure they're qualified to legally pledge to represent
you as an Exclusive Buyer's Agent. Anything less
poses a potential conflict of your best interest!
Of course, we at Total Real Estate take great
pride in serving our clients through literally every phase of
the home buying process, but we understand consumers have choices on
representation. We stand ready to earn your business and would
appreciate your consideration as you begin your EBA
search process.
Feel free to give us a call -- we'll be happy to answer any
of your initial questions with no obligations on your part.
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