This article actually made purchasing a home seem simple....and it really can be. According to Yahoo! and US News and World Report you have to do first things first....
1. Find out how much home you can afford. You could start with a mortgage calculator that you can find online. We have amazing lenders at JP and Associates Realtors but they need as much information from you as you can give them. Sometimes putting your financial stats out there is like going to the doctor. But trust me, these peopel do this everyday and like doctors they have seen it all and they are there to help you. That brings us to our next step.
2. Get pre-approved. Take the time to get pre-approved before you begin looking at homes. In fact, many real estate agents won't work with you until you have received pre-approval for a mortgage. Regardless, you should look to get pre-approved anyway. Trust me, it's nothing personal. Think of the families that have to get out of the house, some take their animals, they have to get the house show ready etc. Ok, that was my experience in a bad market in another city. Sitting at Sonic for 2 hours in cold weather with my then 5 year old son and 2 dogs wasn't that fun. It made it really a bummer to find out the people did like the home, they just didn't qualify. But I believe that experience makes me a better Realtor today.
3. Find a real estate agent. These days you need to find a real estate agent. This may seem a little self serving...but it's true. Your agent acts as your representative, provides you with information about market prices, and helps you find a home. This is important..... if you feel uncomfortable with a real estate agent, keep looking. Believe it or not, our work is about relationships and it's important that you feel who you work with has your best interest in mind.
4. Take stock of your financial situation, again. After following each of these steps, look at your available income one more time, and review your short- and long-term financial goals.
According to the website MoneyCrashers, interest rates are at record lows, and many homeowners have priced their homes to sell. Many buyers who waited for rock-bottom prices know that now is the time to buy.
One more thing....I am thankful for those carhops at Sonic! They were very kind and got to know me, my son and my two dogs!
Jill Elliott is a real estate agent with JP and Associates Realtors. She specializes in residential real estate in Frisco, Plano, The Colony and Little Elm. You can contact her at 469-500-1300 or JillElliotthomes.com
Author:Jill Elliott Phone: 469-500-1300 Dated: January 12th 2012 Views: 3,383 About Jill: When you choose to work with Jill expect a blast of energy, dedication and commitment unmatched in t...
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JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
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The Cost of Waiting: Interest Rates EditionSome Highlights:Interest ra
"I’ve known Sue for many years both personally and professionally. She is very friendly and has an excellent rapport with people of all ages. On the business side, I am quite impressed with her drive and determination in getting projects completed in a timely manner."