Monday, December 19, 2022 / by Rebecca Wilson
If you find a home you love, chances are other people have fallen in love with it too. There are not a lot of homes available and so there will be multiple people putting in offers along with yours.
Obviously the goal is to win. So how do you accomplish that?
What you can do:
Get pre-approved and know your budget: As a home buyer, knowing how much you can spend is very important. Getting a mortgage pre-approval will give you the amount you can safely use on a home purchase and give you the confidence to look at homes that are expected to sell for the amount you are comfortable spending.
*Pro Tip: What a home is listed for and what a home is expected to sell for can be very different. Here is where you need a professional who can help you determine what homes you should be looking at.
What our agents do:
Show you homes within your budget:
Let's say your budget is $750,000. In a competitive market, homes that are priced in and around your budget are verye ...
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Monday, December 19, 2022 / by Rebecca Wilson
Buying a home can be a confusing process. Especially if you don't know where to start. Here are 6 of the most common mistakes that home Buyer's make, and more importantly how to avoid making them yourself.
1. Not Getting Pre-Approved Before You Shop
If you don't know your budget, you might fall in love with a home you can't afford. In order to protect yourself from heartbreak, get a pre-approval from your bank or a mortgage broker. These professionals will be able to help you determine what you can spend when purchasing a home and what you can afford for a monthly payment. Once you have a pre-approval you are considered a "Qualified Buyer", this is more appealing to home sellers when you go to place an offer.
2. Not Getting Professional Advice
There is a whirlwind of information available online, but how do you know what is accurate? Each city and even neighborhood is different. This is why you need a professional Realtor to help you navigate through the home buying pr; ...
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Monday, December 19, 2022 / by Rebecca Wilson
Purchasing a home is one of the most exciting and important decisions you will make. It is very important to use not only a Real Estate Agent that you trust, but also a Mortgage Broker or Bank Advisor who you can trust and who can get you the best mortgage product that suits your needs.
What is the difference between a Bank Mortgage Advisor and a Mortgage Broker?
The bank can only offer you their own product where Mortgage Brokers deal with banks, credit unions, mortgage companies, alternative lenders and private lenders. So how do you know what option is best for you?
If you already have a great relationship with your bank, you can always start there first. If your bank is unable to provide you with the approval you would like, a mortgage broker may have better options for you.
What about different types of mortgage products?
Traditional or Conventional Mortgages
These are mortgages that do not require mortgage insurance because they meet the requirement of hav ...
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Monday, December 19, 2022 / by Rebecca Wilson
Would you perform your own surgery?
Not likely, because it's not what is in your best interest.
The same logic applies when you are hiring a Real Estate agent.
Commissions are expensive, period. The question is not whether to pay commission but instead do you want results and far more money in your pocket at the end of the day?
These are the reasons you hire a professional.
Here Are The Facts
They know what your home is worth and they can explain why:
Even before you formally meet, a professional agent will have taken the time to do a comparative market analysis of your neighborhood so that they have a high level of understanding of what your home is worth.
They spend time and money marketing your home.
Professional agents and their teams have proven marketing systems. They provide staging if needed, professional photography, print marketing materials and more. Your agent will also market your property online, not just on MLS but / ...
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Monday, December 19, 2022 / by Rebecca Wilson
Many people believe that they can save time and money by selling their homes themselves. Statistics show that this is not the case.
Here are the 5 reasons as to why selling yourself will cost you more money than selling with a Professional Realtor.
FSBO = For Sale by Owner
1. These Sellers Will Have To Pay A Commission (80% to 85%)
The majority of home owners who chose to use a do-it-yourself brokerage will still pay at least 2% in commission. Why? Just because they are free from the commission on the listing side, they will still have to pay the agent who brought the winning offer for the Buyer.
When someone decides to use a "Do-It-Yourself Brokerage" such as Purple Bricks or Property Guys, there are up-front, flat rate fees to get started. This means that if the home doesn't sell or they decide that they would like a professional to help later on, they have already given them their fee, and it is non-refundable.
2. These Listings Attract Fewer Show/ ...
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