Often times buyers start searching for a home before examining mortgage options, It is key to work with a lender first. The consequences of being an unprepared buyer can have dire consequences on your homebuying journey. As your REALTOR®, I will educate you on the credit score, mortgage process, down payment, documents required, and timelines. Obtaining a prequalification letter strengthens your offer and shows sellers you're a serious buyer. It can also place you at a distinct advantage over other offers being considered that do not have one. There are numerous national and local lenders available, and here at Elizabeth Taylor Properties, we can provide you with referrals.
Searching for your dream home is one of the most exciting aspects of the buying process. It is important to distinguish between wishes, wants, and needs for your home and the communities that interest you. Sometimes buyers are under the misconception a REALTOR® is unnecessary. Sites such as Zillow, Trulia and Redfin are readily available. These sites obtain their data from the Multiple Listing Service (MLS), just like a REALTOR®. However, these sites do not update their data instantly, and as your REALTOR®, I will ensure emails matching your search criteria are sent as soon as properties are listed. My main concern as your REALTOR® is to capture your preferences, interests, and ensure you obtain not just a house but a home that you can build lifetime memories with your family. Your REALTOR® represents you and your best interests.
This aspect of the process may sound simple, but it is important to understand how to make an offer and how to define earnest money. Making an offer can contractually obligate a buyer to purchase a home. As your REALTOR®, I make sure you understand all aspects of the contact as well as the next series of hurdles before closing day. Typical hurdles once an offer is accepted include appraisals, home inspections and title searches. The homebuying timeline we prepared during our initial meetings help determine how quickly these various processes must be completed. These hurdles can prevent you from closing, and such hurdles cost you both time and money.
What is a home inspection and is it free? It is one of the expenses that buyers are advised and encouraged to purchase to protect their future investment. The home inspection can reveal potential problems within the home, even those issues that are not seen by the naked eye. You can ask the inspector questions so you can understand the problems discovered. Remember an informed buyer, is a smart buyer.
You made it to the closing day. What could possibly go wrong? With the help of a REALTOR® - nothing, of course! The typical closing has buyers signing their name a couple hundred times before being presented with the keys.
Congratulations! You are now a homeowner! Make sure you perform annual maintenance on your home and be sure to fix any small problems as soon as possible. Lastly, tell others about your experience and be sure to refer your family and friends to us. Have questions? Call me! Our relationship doesn't end at the closing table. I'm your REALTOR® for life.