Buying real estate is a process requiring a lot of planning and analyzing. A knowledgeable REALTOR® can help you navigate through the various rules and alternatives leading up to a decision. Throughout this process a few basic issues must be considered to set you up for a successful purchase.
How Much Can You Spend?
Generally, the purchase price on your property will be paid for by the personal equity that you have on hand, through savings and/or previous property sale, plus an amount that you are financially qualified to borrow. The amount that you can borrow via mortgage is determined by your income level. In most cases, any income generated from a property will increase your potential mortgage capacity. Other things to consider that add to the total purchase price are taxes, lawyer/notary fees, inspection fees and appraisal fees.
Prioritizing Property Criteria
Once you’ve established a price range, it’s time to decide what characteristics of a property are the most important to you. Given your budget, you must balance things like location, size, condition, view, operating costs and functionality.
I’d Be Happy To Be Your REALTOR®
I’m an experienced and a very knowledgeable REALTOR® who will always have your best interest in mind. My objective will be to find you the property with the highest value, based on your personal preferences, while spending the least amount of money in doing so. The service that I provide throughout the buying process is rooted in the knowledge and the resources that I’ve accumulated over the past 30 plus years of working in this industry.
Once we determine some general parameters we can begin shopping for your property. With the help of property search engines such as the MLS we can arrange to view some properties that fit your initial criteria. During this exercise we will narrow down the search to properties that suit your needs. This is a dynamic process that may reveal surprising adjustments to your preferences. It’s my job as your REALTOR® to keep you on track so you can eventually make a rational decision on a property to purchase.
Let’s Make A Deal
When we find a place that you like you will know it. The next step is to draft up an offer and negotiate a deal that you are happy with and that protects your interests right up until closing. This means ensuring we conduct our due diligence on the property and the timing of the deal suits your financial situation. Upon closing and transfer of ownership, preparation for moving in will be undertaken including renovations, hooking up services and physically moving in.