Important Information for Buyers
As a buyer in today's ever-changing real estate market, don't let the complicated contracts, financing, taxes and boundless real estate options bog you down. We, at Advantage Realty Professionls, give you the advantage by keeping the buying process simple for you. Stick to these basics, and your professional real estate agent will gladly handle the rest.
8 Simple Steps to Buying a Home
- Make a property wish list for your Advantage Agent.
Consider the location, size, amenities, age, price range, yard and any must-have features.
- Contact an Advantage Agent and set an appointment.
Our Advantage White Mountain Real Estate Professionals for Pinetop Lakeside, Show Low and the rest of the White Mountains will go over your wish list with you when you contact them. They will also discuss any further options before the search begins. Give your Advantage Real Estate Agent time to look for homes that match your wish list descriptions.
- Get pre-qualified.
Start with a mortgage calculator to determine how you'll pay for your White Mountain Real Estate. Stay ahead of the game and contact at least one lender to pre-qualify you. The lender will email or fax you a pre-qualification letter. It is important to have this before you start looking at property. The more prepared you are, the better price your agent can negotiate when you find the right property. Look at a few lenders we recommend to finance your White Mountain Real Estate.
- Narrow your search at the appointment.
When you meet with your Advantage Realty Professional and see the properties that he/she has found for you, you will find details about the homes that you like and dislike. Be honest with yourself, your family and your agent, and Advantage Realty Professionals will find the best home for you.
- Make an offer.
Based on a Comparative Market Analysis that your Advantage Agent will give you, you will see what a fair price is to pay for your specific property. Your Advantage Agent will write out a fair contract to give to the seller that fits your budget and will protect you as the buyer.
- Negotiate a deal.
Often, the seller will counter your offer with another price unless your offer is close enough to the asking price. Your Advantage Agent will help you decide how to best negotiate a deal to get the property you want.
- Get through the contingency period.
Once all parties agree on the sale, most contracts have certain contingencies that must be met before you take possession of the property. This may involve a home inspection, termite inspection, survey, perc test, appraisal or a final walkthrough.
- Close on the offer and move in!
The title company will send you paperwork that will need to be signed ahead of time and returned with your closing funds. Many times a buyer will set an appointment with an escrow company to meet in their office and sign the paperwork so that questions can be answered. Close the deal, and the home is yours!