10 Things You Should Keep In Mind When Investing In Real Estate
People have different goals and principles when it comes to investments. But here are vital tips that every investor needs to know to ensure success.
Buying a new home is a serious matter. It can be an absolute pleasure or a massive headache. You need an experienced and dedicated professional who will be with you every step of the way. Your home is not just a home, it is a major investment in your future. We’re glad you’re visiting our site. Every word you read here, is not just some real estate rhetoric, but a genuine commitment to you … our client.
PRE-QUALIFICATION:
One of our team members will introduce you to a mortgage broker so that you can clearly and concisely know how much you can afford to pay for a new home.
PRE-APPROVAL:
While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With a Pre-Approval, you, the buyer have applied for a mortgage and you are armed with a commitment in writing from a lender. This way, the seller knows immediately that you are a serious buyer for the potential property. Costs for pre-approval are free or nominal and lenders will usually permit you to pay them when you close on your new home.
LIST OF NEEDS & WANTS:
One of the most important first steps is to create 2 key lists; The first is a NEED-LIST, which should include items you must have (i.e., the number of bedrooms, minimum size of your house to fit your family needs, a one-story house if accessibility is a factor, etc.). The second list is your WISH-LIST, which should include things you would like to have (pool, 3-car garage, double doors, etc.) but that are not absolutely necessary. Realistically you may not get everything on your wish list, but it will keep you on track for what you are looking for. The wish list stays fluid and flexible as the more you look and experience, the more you’ll hone in on the right mix of needs and wants for your future home.
REPRESENTATION BY A PROFESSIONAL:
Consider having a real estate agent who presents clear and open communication, vast experience in the type of home you’re looking for, history of successful real estate negotiations, an interest and dedication to the geography that you’re interested in, and a power team of title companies, real estate attorneys, insurance agents, renovators, contractors, staging professionals, marketing specialists, mortgage brokers and more. You want someone who is not just looking out for you, but can provide the suite of services that you deserve. Our clients are gold and we honor that philosophy every step of the way.
FOCUS & ORGANIZATION:
In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:
VISUALIZE THE HOUSE EMPTY & WITH YOUR DECOR:
Are the rooms laid out to fit your needs? How can some of the new spaces be utilized best? Is there enough light? How great would you feel in the house with your furniture and decor?
BE THOROUGH:
A little bit of extra time and a few extra dollars spent now may save you big expenses in the long run. Don’t forget such essentials as:
People have different goals and principles when it comes to investments. But here are vital tips that every investor needs to know to ensure success.
Aim for pre-approval versus pre-qualification If you are looking to get the best house at the most reasonable rate, you need to show them that
It’s a common mistake made by many, however few know the true downfalls of selling your own home. I will admit, ‘For-Sale-by-Owner’ or ‘FSBO’ sounds