*Includes persons with a past history of bad credit, or you just want to start over again, and have minimal credit or don't have any credit! Contact DICK PALMER.
Every prospective home buyer is faced with the question of whether to buy a new or resale home, and wonder what is the first step, in making that decision.
Most prospective buyers start with the newspaper, where they are presented with a myriad of very confusing advertising and financial alternatives. The new home builders usually use extensive display ads; whereas, literally hundreds of small, classified ads are established by real estate brokers.
A buyer can spend many hours making telephone calls and driving to see new home projects and resale open houses without ever really knowing what price range they should by looking in, and what financing and location would be best.
The key is that the home buyer should consult a MORTGAGE BROKER FIRST, FROM THE START.
Your Mortgage Broker is trained to ask the questions about your financial situation which will determine your price range and needs. A Mortgage Broker has the materials to save you time and money, and will only show you the minimal and maximum information required, that will allow you to buy the home, that you can afford.
Then, a REALTOR can be contacted, that will focus on the areas and price ranges available to meet your requirements. A REALTOR, after you show the certified letter on your mortgage approval, has the readied materials to save you time and money, and will only show you homes that you can afford. Also, since REALTORS are usually paid by the Seller or Builder, the service is free to you.
Home buyers like new homes, because they can generally choose the carpeting and other colors and because the builder usually provides very competitive financing programs. A buyer needs to ask him/herself whether he/she is willing to put in a lawn and fence and purchase draperies to have the new home of his/her choice. The buyer needs to be aware that many builders give a base price that looks attractive in the newspaper ad; but by the time they add a fireplace, two car garage and basement etc., the price may increase by 15%.
Resale homes generally give a little more square footage for the money, but the colors and decorating may not appeal to the buyer. The landscaping, draperies and other cost-saving benefits are usually included in the price. A resale home loan can generally "close" and a purchaser can move into a resale home in a minimum of 4 to 6 weeks. Expect to wait 2-4 months to close and move into a new home.
After signing your Buyer's Agreement with your Realtor, give the effort and you will receive ten-fold the effort from your Realtor, because of the information available to your Realtor, the Realtor can produce the required speed and professionalism, that you require. Ask your Realtor for a program, who-what-when-how, so you both understand what will be done, in a specific time, that will enable both parties to proceed, without any hesitation on your part. Don't waste your Realtor's time and don't waste your time, focus, focus, focus on your exact needs. Don't forget, you have a certified Lender's Letter in your possession, and you can purchase without hesitation.
You Realtor spends literally hours "behind the scenes" analyzing your needs in terms of individual houses that are preview independently. Your Realtor, "an experienced one", has spend a minimum of 10 years in training, education and being successful. This is what the Realtor does for a living, and your Realtor should not compromise with their Real Estate Profession and neither should you, compromise with your selection of a Realtor.
If you drive through an area that you like, call your agent for the information (not the agent whose name is on the sign.) In return for your loyalty, your agent will do everything in his power to work to find you your dream home. Share your newly found information with your agent, as the agent will do for you, and together you should find the home that you exactly want!