Buyer's Tips
Buyer’s Tips – Your Guide to Finding the Perfect Home
Identify Your Must-Haves – Location, number of bedrooms, amenities—determine what’s most important to you.
Work with an Experienced Realtor – A knowledgeable agent will help you find the best homes, negotiate deals, and simplify the process.
Research the Neighborhood – Check schools, commute times, safety, and nearby amenities before making a decision.
Don’t Skip the Inspection – Protect your investment by having a professional inspect the home before closing.
Understand Closing Costs – Plan for additional expenses, such as taxes, insurance, and lender fees.
Be Ready to Act Fast – The best homes sell quickly! Stay prepared to make an offer when you find “the one.”
Tips for Buyers
Is Buying a Home Still a Smart Plan
With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it’s important to consider all of the facts. The important message to take away from these events is not that buying a home is a bad idea, but that you must be smart about buying your home.
Hot, Normal, and Cold Markets
This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and more often than not, homes will sell for more than the asking price. It is even more crucial to be prepared and to be ready as a buyer when the market is hot.
Avoiding Financial Strss
By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it’s the interest rates or the down payments that vary.
Finding the Right Seller
The best seller is one who is highly motivated. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. And it matters that you find out why. Learning the reason why can help you get the price you want and help the seller get what they want: a timely sale
Use a Buyer's Agent
It’s important that you choose an experienced agent who is there for you. Your agent should be actively finding you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and answering all of your questions with competence and speed.
Why You Should Not Make Any Major Credit Purchases
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation.
Every $100 you pay per month on a credit payment could cost you about $10,000
Marlyna Torres is a dedicated real estate broker and the CEO of MJTorres Realty, serving clients across South Florida, the Sunshine State.