Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
Get your finances in order.
Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, ask us to connect you with a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.
Find a house you can afford.
As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.
Hire a professional.
While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process. The buyer's agent is compensated by the seller so there is no cost to you.
Do your homework.
Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.
Think long term.
Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.
Our experienced Team of Full Time accredited Professionals bring a host of valuable specialties to our Clients whether buying, selling, Investing or leasing. Current specialties include Mortgages, Property Management, Probate, Staging, Distressed Property, Luxury Homes, 55 Plus Communities, Country Club Communities, Ocean Front and International. This wealth of knowledge is readily available to our clients.
The Prime Property Team is part of United Realty Group one of the largest Real Estate Brokers in South Florida with over 2,500 active agents across 14 offices from Jupiter to Miami & Orlando. This massive community serves a continuous stream of listings and buyers, ensuring our clients benefit from both our economy of scale and scope of listings.
When you purchase a home, a title company will research the property t
"Elaine and Norman,
We want to thank you so much for making the sale of our home in Woodfield Country Club happen so quickly and easily. Right from the start, your knowledge about local real estate helped us to price the house competitively and the knack you have for staging the house made it so appealing in the online photographs. It’s not often to find a real estate agent who is willing to go the extra mile in marketing the property both locally and nationally as you did. We very much appreciated your attentiveness to details large and small. Your constant availability to show the house on short notice and the immediate communications with us regarding the follow-up for each and every potential buyer that walked through the door made selling the house “worry-free.” The “pièce de résistance” was that you managed to find us a buyer who wanted to sign a contract and close on the house in two weeks! The negotiations and closing was the smoothest we have ever experienced. We have never seen real estate agents work so hard, or do so much in such a short amount of time, in helping to sell a house. Please feel free to share our thoughts with others as you both are highly knowledgeable and professional and we wholeheartedly recommend you as real estate agents for buyers as well as sellers.