Why do you want to buy?
Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Are you tired of paying rent? Having a clear sense of your reasons for buying will help you choose the right property.
Has your Income Increased?
Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.
Preparing To Buy
Build Your Financial File
Build Your Financial File
Build Your Financial File
A financial file contains all the important documents you will need to secure financing for your property. The typical file should contain:
- Financial statements
- Bank accounts
- Investments
- Credit cards
- Auto loans
- Recent pay stubs
- Tax returns for two years
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information.
Check Your Credit Score
Build Your Financial File
Build Your Financial File
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We are happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.
- Look for a full-time agent – one who has experience completing transactions similar to yours.
- Interview a few agents: Are they familiar with the area in which you are interested?
- Ask how much time the agent will have for you and if they are available at night and on weekends.
- Does the agent return your calls promptly? Time is money when attempting to buy a property.
- Ask for a list of references.
- Choose an agent who listens attentively to your needs and concerns. Pick an agent, with whom you feel comfortable.
Find Your Dream Home
What Kind of Home do you Want?
What Kind of Home do you Want?
What Kind of Home do you Want?
Are you interested in a single-family, condo, or townhome? Do some research of what types of homes offer what that will help narrow down your search area.
Consider Your Commute
What Kind of Home do you Want?
What Kind of Home do you Want?
Do you need a car to get to work? Are you going to be taking transit? Do a test run before committing to a certain area.
Old House or New House?
What Kind of Home do you Want?
Old House or New House?
Older neighborhoods are great for their charm and character, but often older homes require more repairs, newer developments have modern finishes and fewer repairs are needed.
Neighborhood
Old House or New House?
What would you like to see in your new community? Is it more coffee shops? Events? Closer to the water? Tax rates vary by neighborhood so that is something to consider...
School District
How important is it to you to be within walking distance of a school? We can be a great resource when choosing which school district is best for your family.
What Nots
Everyone has wants but have you considered the things you don't want? If you hate noise you might want to steer clear of the college area for example.
Offer Presented | What Happens Next
Accepted
Accepted
Accepted
Your offer is accepted! Time to celebrate, now we will move ahead with any conditions laid out in the offer like home inspection.
Rejected
Accepted
Accepted
The Seller may reject your offer. We will ask questions to discover why and if there is anything we can do to make the offer more appealing.
Counter
Accepted
Counter
The Seller may come back with their own offer. In this case, we will review the terms with you and continue to negotiate until we reach an agreement.