CENTURY 21® Life @ Home
Ready for the Real Estate Market
March 21, 2008 10:51 am
Whether you are buying your first home or your fourth, there are five basic things you need to know before you venture into the marketplace.
Know your budget – A thorough financial analysis is crucial. It will determine many of the parameters for your property search. It will help you make the most of your money while preventing you from considering homes that are beyond your capabilities. Nothing is worse than seeing a home you love and then realizing it is not financially feasible.
Know what you want - Only the most fortunate buyers find properties with every item on their wish list. Instead of searching for the perfect home, prioritize your wants and needs. Things to consider include location, tax rate, school system, square footage, property size and amenities. If you know what you want, you will be ready to recognize “the one” when you see it.
Know the steps- Increase your comfort level by learning as much as you can about the transaction process. Find out about the components of the offer. Research the different types of inspections needed. The better you understand the process, the less anxiety you will feel during the transaction.
Know the marketplace – Knowing the market conditions will help you set the right expectations. For instance, if it is a seller’s market you may have to make an offer without certain contingencies. If it is a buyer’s market, you may be able to offer considerably less than the asking price. You should also make a point to follow interest rates and learn about different mortgage products.
Know who can help - Find real estate professionals who can help you with your transaction. This includes a buyer’s real estate agent, a real estate attorney, mortgage professional and inspectors, to name a few. Contact your CENTURY 21® real estate professional to learn how he or she can help.
Please don’t hesitate to call CENTURY 21 Top Sale Realty
for all of your real estate needs.
You can reach us at (800) 362-2954 or visit www.topsalerealty.com.
Categories: Real Estate
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