If you are thinking of buying soon, the following
information will help you save time, energy, find a better property for your
needs and secure the best possible deal:
Learn the market by visiting open houses and real
estate web sites like
www.LandmarkRE.com to search properties.
Speak with a
mortgage lender and
discuss and clearly understand all financing options available to you. This
time spent will help you understand how you can buy the most home for your
monthly investment and have a payment you are comfortable with. A good loan
officer can save you hundreds and even thousands of dollars over the life of
a loan.
Get Pre-approved for a mortgage. Most lenders now
offer this service for FREE and when you do find the property that is right
for you, the seller will know they are dealing with a serious buyer. This
can also help you get a better price on the property and in the case of
multiple parties interested in the same property, a written pre-approval
could be the reason you get the property instead of someone else.
Write down the features of a home that are important
to you and prioritize their importance. Write the communities and type of
neighborhood or setting that you want to live in and anything else that is
important to you. Also write down the features you do not want in a home.
You only need one
real estate agent to work with. Ask friends and family which agents they
know that provide high levels of service. Good agents will discuss with you
your wants and needs in a property, financing options and clearly explain
the entire buying process. At the first meeting with an agent, the agent
must provide you with the Massachusetts Agency Disclosure form. This form
describes the different types of relationships available between a buyer and
their agent. Once you have an agent that you are comfortable with, a mutual
commitment to each other will provide you with an agent that will work hard
to get you the best results. Most agents can show you all properties
available on the market including those marketed by owners.
Arrange to view properties that fit your needs.
Candidly share with your agent what you liked and did not like about
properties you viewed. This will allow the agent to have a better
understanding of your likes and dislikes and avoid showing you properties
that do not meet your needs.
Once you find a property that feels right, structure
an offer on the property based upon data that your agent has provided you
and with their assistance. This is when your homework will payoff allowing
your agent to help you negotiate a fair deal.
In most cases, your agent will guide you through the
transaction, helping you to coordinate inspections, financing and
communications between attorneys, brokers and the parties involved all the
way to a smooth closing.
Following this advice should get you great results!
Good luck.