Your AgentA successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.
Lender (Appraiser)A bank is not just a bank. Having the right backer can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.
LawyerYour home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.
Home InspectorNo home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for a recommendation.
ContractorPlanning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice.
1. Find the right representativeEven if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise. Speak to your agent first and he or she can be helping to guide you right from the start.
2. Find out what your price range isOnline mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).
3. Find out what your local market looks likeThe internet can be incredibly valuable in doing preparatory research. Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are).
4. Find out what your true needs and wants areCompose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent.
5. Find your dream home!Once you’re ready to act, you may be surprised by how quickly you can make a decision. Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer.
With the right team behind you, it really can be that easy!
Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.
Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.
Art, parties and real estate — or maybe real estate, art and parties! These were the three key themes that seemed to dominate Miami’s Art Basel week, which has just...
Apollo Commercial Real Estate Finance, Inc. today announced the Board of Directors has declared a cash dividend on the Company's 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock of $0.5391 ...
A booming New Zealand property market is driving a surge in real estate jobs and applications for licensed accreditation, latest figures show. More than 1500 positions have been advertised this year so far - an increase of more...
Berkshire Hathaway HomeServices, the new real estate brokerage network operated by HSF Affiliates LLC, today announced that Prudential Georgia Realty has joined the growing network and now operates as Berkshire Hathaway HomeServices Georgia Properties.
Real estate agents see it all. From the unmade beds to the overstuffed garages to the "What were they thinking?" decor.
New Zealand’s continuing love affair with the property market is having a positive impact on the job market. Real estate and property jobs rose 29% over the last year, shows data released today by SEEK, New Zealand’s largest job source. Since January, over 1,500 jobs were advertised across the country and in the last month, over 160 real estate and property jobs were advertised, with over half ...
To help our readers snap out of their tryptophan induced haze this Thanksgiving we here at Boston Real Estate by the Numbers thought we'd give you five amazing statistics about the local real estate market in 2013. Feel free to...
A real estate agent who misled her sister about an offer to buy her house has been stripped of her licence and fined $5000.Century 21 agent Lesley de Ruyter was charged with misconduct after telling Marilyn Hoogenraad and her partner...