Buying real estate can be one of the most significant investments that you’ll ever make in life. Not only are you choosing your dwelling place, you’re most likely investing a large portion of your assets into this venture. The more prepared that you are at the starting point of this process, the less overwhelming and chaotic your real estate buying process will be.
The goal of this buyer guide is to provide you with detailed information that will assist you in making an intelligent and informed decision when you’re purchasing real estate. If you’ve purchased and sold real estate before, you may already by familiar with some of the topics contained in these articles. But if it’s been a while since you’ve had a real estate transaction, or if you’re a first-time homebuyer, then this guide will surely come in handy.
Remember, if you have any questions on the home buying process, please contact our team.
I. THE BENEFITS OF OWNING YOUR OWN HOME
II. IMPORTANT THINGS TO KNOW BEFORE BUYING A HOME
III. SHOPPING FOR REAL ESTATE? DON’T BUY A CAR
- When Your Income Grows and You Want to Buy “Stuff”
- The Debt to Income Ratio
- How Buying a Car Can Impact Your Mortgage Qualification
IV. THE BUSINESS CYCLE AND BUYING REAL ESTATE
V. COMPARABLE SALES AND YOUR OFFER PRICE
- How to Determine Your Offer Price
- Comparable Sales in the Public Record
- Comparable Sales in the Multiple Listing Service
VI. MAJOR FACTORS INFLUENCING YOUR OFFER PRICE
- Property Conditions
- Home Improvements
- Market Conditions
- Seller Motivation
- The Final Decision on Your Offer Price
VII. WRITING AN OFFER TO PURCHASE REAL ESTATE
- Introduction and Overview
- Contingencies in a Purchase Offer
- Earnest Money
- The Closing Date
- Transfer of Possession
