At this point you have a great agent, lender and are now looking for your dream home.
Once you have found your dream home ask your agent to give you comps. A seasoned agent or not, the market can change very quickly and you need to make sure you are making a good investment. Once you are ready to write an offer your agent will prepare the contract to purchase. This can be done in many ways... paper, internet or via sites like dotloop. The method is not an issue, provided you are comfortable with it... however making sure you understand the contract completely is extremely important. For most purchasing a home is one of the largest transactions they make in their life. Do your homework! Read the contract! Ask your agent for a copy of the contract to review ahead of time. I have made a list of the top items you should know before you make an offer:
- Your monthly payment including principal, interest, taxes and insurance- make sure it is affordable
-How much earnest money you will put down
-How much do you need for your down payment
-What type of loan will you get
-Will you have a home inspection- HAVE AN INSPECTION- and how much will that be
-What other inspections will you want for the home
-Read HOA documents
-Double check the home facts
-If you are buying a fixer upper - will it pay off
-Look into the neighborhood
The offer is just the beginning....
April Hauser
Ryan Gillen Team
Irongate Inc., Realtors
937-305-5370
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