Did you know...
First time home buyers may qualify for special considerations when purchasing?
Chances are that if you can afford to pay more than $750.00 a month for rent, you can afford to purchase a home?
There are significant tax advantages of owning your own home? *
If you've lived in your primary home for more than 2 years, when you sell it there are significant profit related tax incentives? *
Contact me for more information.
* Always consult with a qualified tax accountant prior to making any tax related decisions.
Wednesday, January 18, 2006
Let's start with Buying Basics...
Of most importance when buying a home is to define what you want, so let's begin shall we!
Step 1: Defining What You Want
Start by creating a prioritized list of features you want in your next home and the reasons why. Use it as your search guide, but remember that depending on your funding, you will probably need to make some compromises. In addition, talk to your real estate professional, ME :) about where you want to live. Location is a huge part of any move. I am trained to help my clients narrow down their choices by sharing market trends and local information like neighborhood statistics and community information.
Step 2: Figuring Out What You Can Afford
Now that you know what you want, it's time to see what you can afford. You can start by crunching the numbers yourself using our selection of calculators.
When you're ready to move to the next step, you can get pre-approved for a mortgage. This process can often be performed in under an hour and it accomplishes two important goals. First, it will tell you how much house you can afford and what your monthly payments would be. Second, it tells the seller that you can afford to buy their home.
By definition, a pre-approved buyer has an approved mortgage subject to an appraisal of the property. Many times a buyer can use this pre-approved status as leverage during the negotiation process.
You can always find more information at My Website
Century 21 Website or my office website.
Next time we'll discuss shopping for a home and making an offer.
Step 1: Defining What You Want
Start by creating a prioritized list of features you want in your next home and the reasons why. Use it as your search guide, but remember that depending on your funding, you will probably need to make some compromises. In addition, talk to your real estate professional, ME :) about where you want to live. Location is a huge part of any move. I am trained to help my clients narrow down their choices by sharing market trends and local information like neighborhood statistics and community information.
Step 2: Figuring Out What You Can Afford
Now that you know what you want, it's time to see what you can afford. You can start by crunching the numbers yourself using our selection of calculators.
When you're ready to move to the next step, you can get pre-approved for a mortgage. This process can often be performed in under an hour and it accomplishes two important goals. First, it will tell you how much house you can afford and what your monthly payments would be. Second, it tells the seller that you can afford to buy their home.
By definition, a pre-approved buyer has an approved mortgage subject to an appraisal of the property. Many times a buyer can use this pre-approved status as leverage during the negotiation process.
You can always find more information at My Website
Century 21 Website or my office website.
Next time we'll discuss shopping for a home and making an offer.
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