Buying Real Estate? – Watch These 5 Steps! LOL
Buying Real Estate? – Watch These 5 Steps! LOL Step 1. Knowing When You’re Ready Buying a home is so grown-up and impressive, but there are a few things you should think about before you start telling everyone how grown up and impressive you are. Step 2. Mortgage Lending 101 Unless you have a boatload of cash under your mattress, buying a home usually costs more money than you currently have. First, you’ll need a competitively-priced loan. Step 3. The Home Search You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first. Step 4. Making The Offer Here you are, ready to make an offer on your first home! And since you’re about to part with an insane amount of money, it’s time to get close to your REALTOR®. Step 5. Closing the Sale – YES There is nothing more awesome than taking ownership of your new dream home. But before you do that, you better loosen up your writing hand. Did someone say paperwork? Written by Ruby Miranda on September 29, 2018. Posted in Buy A Home, Buyer Tips, First Time Home Buyers, Home Loan Process, Raving Fans, Real Estate Knowledge Video Series, Testimonials / ReviewsTags: Buy Your Home, Buyer Tips, Financing A Home, First Time Buyer, Home Appraisals, Home Inspections, Home Loan Process, Real Estate Knowledge Video Series Trackback from your site. Leave a Reply
Why Your Pre-Approval Should Not Determine Your Home Buying Budget
Why Your Pre-Approval Should Not Determine Your Home Buying Budget Just because you’re pre-approved for a certain amount doesn’t mean that you can afford it. Here’s what I mean. Selling in the greater Houston area? Get a market analysis report Purchasing in the greater Houston area? Get full MLS access Today I wanted to talk to you about a very common question I am asked, “Why am I shopping for less than my pre-approval amount?” When you are looking to purchase a home, there are a few different things you need to realize. The first one is that the amount that you are pre-approved for is not necessarily the amount that you want to spend on a monthly basis. This little pointer will help make sure that you stay on budget and do not get overwhelmed by payments. The max pre-approval amount is unimportant. The max monthly mortgage payment is what you really need to look at. You should be comfortable with the amount you are spending each month on your home. You may be able to get approved for $300,000, but you may not want to deal with the payment that goes along with that price. Find out what you are comfortable spending on your mortgage on a monthly basis, and ask your lender what home price that equates to. This little pointer will help you stay on budget and make sure that you do not get overwhelmed by your payments. If you have any questions about this or have any other real estate needs that I can help you with, please feel free to give me a call or send me an email. I look forward to hearing from you soon. Written by Ruby Miranda on September 24, 2018. Posted in Buy A Home, Buyer Tips, Financing A Home Tags: Buy Your Home, Buyer Tips, Financing A Home, Ruby Miranda Trackback from your site. Leave a Reply
Why Should You Hire a Realtor to Sell Your Home?
Why Should You Hire a Realtor to Sell Your Home? Selling your home is a complex process and nearly impossible to do on your own. Here are five advantages of hiring a Realtor to assist you. Selling in the greater Houston area? Get a market analysis report Purchasing in the greater Houston area? Get full MLS access There are many benefits of using a Realtor when it comes to listing your home. Here are five of the most important ones:1. Pricing. It’s important to work with a Realtor because they are the expert on what your home can sell for. Working with a Realtor will help you form realistic expectations about what your home may sell for. They will take all of the available online data, interpret it, and make sure that they price your listing right. You don’t want to price too high, as doing so will cause your listing to sit on the market for longer than necessary. When this happens, buyers may begin to suspect that something is wrong with your home. Pricing too low, on the other hand, could prevent you from earning the best possible price. This is why working with a Realtor is so important. Agents are trained to analyze market data and strategize accordingly so that you can price your home just right.2. Marketing. I think this is the most important aspect of selling your home. Did you know that 87% of homebuyers start their search online? Because of that fact, you need to make sure that you have a great online presence. Most Realtors stick to the “three p’s”: Placing a sign in the yard, putting the home on the MLS, and praying they get an offer. We do all of that, but also add a fourth “p” — promotion. We do everything we can to get the home out to as many potential buyers as possible so that it gets sold. It’s not a done deal until it’s a closed deal. 3. Security.When you’re scheduling showings, you don’t want just any person to come into your house. By working with a Realtor, most of the time we know exactly who is coming into the home. We know other Realtors in the area and most of the time they will only be showing it to pre-approved buyers. 4. Negotiations.This is a big one. Buying and selling a home is a very emotional process, especially if you’ve lived in the home for a long time. You see all the memories in the house and while it’s an emotional process for you, at the end of the day it’s a business transaction. It’s important that it’s treated as such to make sure it gets the home sold.5. Getting you to the closing table. It’s not a done deal until it’s a closed deal. Within the contract, you’re going to have timelines, deadlines, and terms to meet. As Realtors, it’s our job to make sure you do your part and the buyer does their part. Our ultimate goal is to get you to the closing table and get your home sold.If you have any other questions for me about today’s market or want to learn about some more benefits of hiring a Realtor when selling your home, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon. Written by Ruby Miranda on September 24, 2018. Posted in Sell Your Home, Seller TipsTags: Ruby Miranda, Sell Your Home, Seller Tips Trackback from your site. Leave a Reply.
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