The Rules of Real Estate
1. Visit a mortgage specialist and get preapproved. Figure out how much you feel comfortable spending a month on your home. This is ultimately the cost of owning a home.
2. Contact a realtor and do a needs and wants analysis (tell them what you’re looking for, help them find that needle in hay stack.) sign a buyer agency agreement to set the terms of how they will be representing you. It’s nice to have someone in your corner to represent you in your real estate transaction and to guide you along the way.
3. Get set up on an automatic email notification system.
4. Find some areas and properties you like and get your realtor to setup some showings. Try and see at least 3 at a time but not more than 6.
5. Learn the market value of what you want compared to the value of what’s out there. Learn to compromise. Believe me everybody does to some extent.
6. Find the property of your dreams and get your realtor to make an offer. He will ensure that your interests are protected.
7. Do a home inspection; always pay to have a home inspection done.
8. Buy a home and arrange to move
9. Meet your lawyer and go over closing(attorney fees, escrow fees, government transfer taxes and charges, title & insurance fees, adjustments) documents and get your keys!!
10. Move in and have a house warming party!!!
1. Visit a mortgage specialist and get preapproved. Figure out how much you feel comfortable spending a month on your home. This is ultimately the cost of owning a home.
2. Contact a realtor and do a needs and wants analysis (tell them what you’re looking for, help them find that needle in hay stack.) sign a buyer agency agreement to set the terms of how they will be representing you. It’s nice to have someone in your corner to represent you in your real estate transaction and to guide you along the way.
3. Get set up on an automatic email notification system.
4. Find some areas and properties you like and get your realtor to setup some showings. Try and see at least 3 at a time but not more than 6.
5. Learn the market value of what you want compared to the value of what’s out there. Learn to compromise. Believe me everybody does to some extent.
6. Find the property of your dreams and get your realtor to make an offer. He will ensure that your interests are protected.
7. Do a home inspection; always pay to have a home inspection done.
8. Buy a home and arrange to move
9. Meet your lawyer and go over closing(attorney fees, escrow fees, government transfer taxes and charges, title & insurance fees, adjustments) documents and get your keys!!
10. Move in and have a house warming party!!!
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