HOME BUYER’S GUIDE
PRESENTED BY: Ian Craig
IAN CRAIG
Ian Craig is not your average real estate agent. With nearly a decade in law enforcement under his belt, Ian made the bold decision to transition into the world of real estate A move to the scenic coastal Georgia area in 2015 ignited a passion within him that he had never experienced before.
Today, Ian proudly serves the entire I-95 corridor from Savannah to St Mary’s, offering his clients a unique blend of expertise, dedication, and unwavering commitment.
Whether you dream of owning a historic home in charming downtown Savannah or a coastal retreat nestled among the majestic live oaks, Ian is the guide you need by your side.
With a keen eye for detail and a deep understanding of the local market, Ian Craig is more than just a real estate agent – he is a trusted partner who will lead you through the exhilarating journey of buying or selling your dream home.
BUYING A HOME: A GOOD INVESTMENT
Consider the rise in home values over the last 30 years. The median price for a U.S. single-family home was $75,500 in 1990 and has increased to $416,100 in 2023. Buying a home not only provides a sense of stability but also offers the potential for long-term appreciation, allowing buyers to build equity over time, resulting in possibly their largest asset
GEORGIA’S GROWTH CONTINUES TO RISE YEAR OVER YEAR
Unlike renting, where payments provide no long-term return, homeownership allows individuals to invest in their future As you make mortgage payments, you gradually own a larger share of your property, which can result in substantial financial gains over time.
Additionally, owning your own home provides more stability and predictability in your housing costs Unlike renting, where landlords may increase rent at any time, a fixed-rate mortgage ensures consistent monthly payments for the life of the loan
31% of buyers in Georgia are firsttime home buyers
Life is dynamic, and circumstances change. Homeownership provides the adaptability needed to navigate these changes. Whether it's accommodating a growing family, responding to career opportunities, or adjusting to changes in financial situations, the freedom to rent or sell ensures that homeowners can align their housing choices with their evolving needs
WHY BUY NOW?
LONG-TERM INVESTMENT
The gradual appreciation of real estate values over time, coupled with the equity built through mortgage payments, serves as a reliable means of increasing one's net worth. Additionally, the stability and predictability of fixed-rate mortgages contribute to financial security, as homeowners can plan for consistent housing costs over the life of the loan
SENSE OF COMMUNITY
Homeownership often fosters a stronger connection to the community As a homeowner, you may be more inclined to engage in local activities, build relationships with neighbors, and contribute to the overall well-being of your community.
PERSONALIZATION AND CONTROL
Owning your own home allows you to personalize and modify your living space to suit your preferences You have the freedom to decorate, renovate, and make structural changes without the need for approval from a landlord. Your home becomes a canvas, allowing you to tell your story through every carefully chosen detail.
RENTS CONTINUE TO RISE ACROSS THE COUNTRY
The rate of rent increases is outpacing the growth in home prices, resulting in a situation where, in most of the United States, it is now more cost-effective to purchase a home.
PRIDE OF OWNERSHIP
Beyond the financial and practical aspects, homeownership brings a profound sense of personal satisfaction This pride of ownership is a powerful and intangible value of homeownership that goes beyond the obvious benefits of shelter and investment. It embodies the deep sense of satisfaction and attachment that comes with having a place to call one's own. People often take great pride in maintaining and enhancing their properties, contributing to a strong sense of identity and belonging within the community
The fulfillment derived from cultivating a space that is uniquely yours, combined with the financial investment in a property, creates a sense of rootedness, stability, and satisfaction that distinguishes homeownership as a significant and cherished life achievement.
"Owning your own home is not just an investment; it's a source of pride and happiness, a place where dreams take root and memories blossom."
86% of Americans consider homeownership to be a significant element in achieving the ‘American Dream’
DEFINING PRIORITIES
Almost every home search involv compromise, which is why it’s imp your wants and needs before you There are many things to conside budget, and future plans
Though you may fall in love with a backyard, or kitchen, you need to what a community can offer you, with your short-term and long-ter time in understanding the commu significantly impact your satisfact house and its surroundings for ye
or features, ms and n elements ght, storage the home, but onsidered a cluding the additional ntial for have pets or deck, a at the exterior our goals for hools, public aces When he be, and
contracts, and more. Partnering with a real estate professional ensures access to the knowledge and support necessary for you to make buying decisions with confidence and comfort
Having a real estate professional by your side is invaluable Your agent will manage the paperwork, provide guidance and clarification, and ensure you have a comprehensive understanding of the process.
approach ensures that you are well-informed and empowered to make confident decisions through the inspection, appraisal, and closing process
ad ocate, o e g suppo t a d e pe t se, t the goal of ensuring a positive and successful homebuying experience
THE BUYING PROCESS
You have made the huge decision to buy a home and you're ready to get started on this journey!
THE SEARCH THE DECISION
As a Real Estate Advisor , I have access to a variety of resources to find a home that fits your needs Take notes and ask lots of questions! This collaborative approach empowers you with the knowledge needed to make informed decisions throughout the search.
During this period, inspections will be performed and all necessary documentation to close is organized.
5 3 7 1 4 6 2
MOVING
Time to celebrate the purchase of your home! Questions may come up along the way, but just like the closing, this isn’t something you have to do alone. I’ll keep in touch with you as you’re settling in, and I encourage you to reach out if you have any questions or concerns
4 6 5 2 3 7 1
It’s time to establish your priorities for your home This includes outlining your preferences for location, size, and amenities to ensure a focused and efficient home-buying experience.
Once you’ve found a property that checks all the boxes, I will help you craft a competitive but reasonable offer. Once we submit the offer, it will either be accepted, rejected, or the seller will make a counteroffer, and we’ll go from there.
CONTRACT TO CLOSE CLOSING
Together, we will perform a final walkthrough to verify the property condition matches your expectations Once the closing documents are signed and your final funds are received, the deed is recorded with the County Recorder's Office and you are officially closed!
THE SEARCH
PROPERTY ADDRESS:
Kitchen
Family Area
Dining Area
Laundry Room
Master Bedroom
Master Bathroom
Extra Bedroom(s)
Extra Bathroom(s)
Garage Size
Lot
As we start looking at homes, it's essential to keep a discerning eye on both the tangible and intangible aspects of each property You’ve already established your priorities and now it’s time to leverage my real estate expertise to not only navigate the logistics of the showings, but also to gain a deeper understanding of the market, allowing you to make an informed decision. You may want to take photos or keep notes as you look at homes If you’d like a more detailed worksheet like the one below, let me know!
Kitchen Appliances
Laundry Appliances
Fireplace
Patio/Balcony
Pool
A/C & Heating System
Security
Does this house make the shortlist?
FINANCING INFORMATION
FINDING A LENDER
Shopping around for lenders involves an evaluation of multiple factors beyond just interest rates. Let’s keep an open line of communication throughout this process. Keep in mind that I am always a resource for you, and a well-informed choice in selecting a lender can contribute to a smoother mortgage process and a more favorable homeownership experience
“It is never too early to get preapproved. Whether you are looking to purchase in a month or a year, the pre-approval process gives you insight into your buying power, budget, and credit standing.”
WHAT TO AVOID:
Changing jobs, quitting your job, or becoming self-employed
Buying a new car or other large purchases
Letting your accounts fall behind, or excessively using your credit cards.
Spending money you have set aside for closing.
Omitting debts or liabilities from your loan application.
Changing bank accounts
Co-signing a loan for anyone
BUYER AGREEMENT
Once you have a preapproval, you will receive a buyer's agency agreement from me. This document identifies your designated representative for your home purchase.
ESCROW DEPOSIT
In the context of real estate, an escrow deposit is a monetary amount provided by the buyer to demonstrate their serious intent to purchase a property. The escrow deposit is held by a neutral third party such as a title agency or attorney
INSPECTION
Costs for inspectors, general contractors, radon testing, and termite inspectors will vary based on your choice of professionals and elements of the property
APPRAISAL
Lenders usually require an appraisal to assess the fair market value of the property. This fee is typically collected by the lender at point of contract, and can vary depending on many different factors
HOME INSURANCE
When in the process of buying a home, it's optimal to explore various options and secure the most favorable deal on home insurance. Generally, homebuyers incorporate home insurance into their mortgage payments
TITLE INSURANCE
This is a state-mandated type of insurance that provides protection to property owners and lenders helps safeguard the interests of property owners and lenders by addressing potential issues related to the title Title insurance is an essential component of a real estate transaction, helping to reduce the risks associated with potential title defects and ensuring a smoother transfer of property ownership for both the seller and the buyer
SURVEY
Property surveys determine property boundaries, and the costs varies based on lot size and location. The survey details land characteristics and documents, any improvements or encroachments
FRAUD WARNING
Unfortunately, instances of fraud are on the rise and It is important for property buyers to be vigilant during the homebuying and closing process. Do not respond to any email or phone call form anyone saying they are from the closing company, or bank saying you need to wire funds somewhere other than what your title/closing company has told you If you do get an email or phone call, contact your Advisor or Closing company directly to confirm any instructions you have received
include recommendations for further evaluation
77% of all homes are inspected prior to purchase
I will review the Home Inspection Report with you, ensuring that you fully understand its findings and implications. Together, we'll discuss potential concerns, and I will guide you through the strategic next steps
Home’s Exterior: Involves examination of foundation, walls, garage, roof, grading, drainage, stairways, driveways, walkways, doors, windows, patio, deck, balconies, and fencing.
Home’s Interior: Involves inspection of the plumbing system, electrical system, HVAC, ceiling, floor, kitchen, and attic.
During the inspection period, you may choose to hire additional inspectors to look at the property Some common type of home inspectors include termite/pest inspector, radon inspector, septic tank inspectors, and structural engineer.
Q: How do I determine my budget for buying a home?
A: Start by assessing your finances, including income, expenses, and savings. Get preapproved for a mortgage to understand your loan eligibility and establish a realistic budget
Q: What's the difference between pre-qualification and pre-approval?
A: Pre-qualification provides an estimate of how much you can borrow, while preapproval is a more thorough process involving a lender's commitment to loan you a specific amount. Pre-approval strengthens your negotiating position.
Q: How do I choose the right neighborhood?
A: Consider factors like proximity to work, schools, and amenities. Your agent can offer insights into various neighborhoods to align with your preferences.
Q: What is the role of a Homeowners' Associations (HOAs)?
A: HOAs manage and enforce rules for a community. They often charge fees for maintenance and amenities. Your realtor can provide information on HOA regulations and associated costs for a specific property.
Q. How do negotiations work in real estate?
A. Your Real Estate Advisor will help craft and present offers, negotiate with the seller, and guide you through counteroffers. This expertise is invaluable in securing the best deal for you.
Q: How long does the home-buying process typically take?
A: The timeline can vary, but on average, it takes about 30 to 45 days from the time your offer is accepted to the closing. Delays can occur, so flexibility and communication are key throughout the process.
WHERE DID TUCKER REA BEGIN?
What started out as Robert Tucker and a three-Realtor® team in 2000, has developed into a comprehensive suite of real estate solutions, all under one roof, and including Residential and Commercial Sales. The company boasts in-house marketing, unmatched administrative support for our agents, global reach through our affiliation with Listings2Leads and other strategic partnerships, and the most strategic insights into our local market.
WHERE IS TUCKER REA NOW?
Guided by innovative thinking and the a customer-first approach, Robert has grown the company into what it is today. He supports his agents and staff with a wealth of knowledge and almost three decades of real estate experience He also ensures that every Tucker REA customer works with the best trained team in order to help them accomplish their real estate goals.
ROBERT TUCKER Owner/Team Leader
Robert is an expert in business development, strategic asset management, real estate brokerage and property management As owner, Robert has overseen more than 10,000 successful real estate transactions, including building multiple Top 100 franchises and offices in the world He is dedicated to maintaining a reputation built on quality, service, and uncompromising ethics
THE TUCKER REA WAY
Over the past 25+ years, Tucker Real Estate Advisors has served multiple communities from North Carolina to Colorado to Florida to Tennessee to Georgia.
We have developed systems and processes that consistently deliver exceptional client and customer service. These systems allow us to specialize in all aspects of the real estate transaction to ensure that you will find or sell your home on terms that meet and exceed your specific purpose and goals.
Our Tucker Real Estate Advisors are Certified in negotiation skills to get you the right price and terms during your home purchase and/or sale.
Our Client Services Team handles all details of a listing or sale to make sure that you have a successful experience without the usual hazards and hassles of a real estate closing.
Our Marketing Department handles all aspects of marketing and advertising for your home sale. Tucker Real Estate Advisors consistently get 18% higher sale prices in less time than the average real estate agent.
Most agents are a “jack of all trades” and attempt to handle everything for their clients and customers. When you hire Tucker Real Estate Advisors, you can rest easy knowing that Certified Experts are handling every piece of your transaction.
Tucker Real Estate Advisors is proud to be Savannah's fastest growing real estate team Tucker Real Estate Advisors are experts who bring unparalleled local knowledge to the table, and we believe that our dedication to the communities we serve is what sets us apart and allows us to help our customers navigate the market with confidence
PASSIONATE
Simply put, we love what we do, and it makes all the difference between providing a service and delivering an experience We fully commit to every task, providing well-rounded solutions that don’t shy away from the details We firmly believe that real estate is more than just buying and selling properties; it’s about fostering strong connections and enhancing the lives of individuals and families We strive to be more than just a real estate team; we aim to be a trusted partner and neighbor, working tirelessly to contribute to the growth, vitality, and wellbeing of our region
NEIGHBORLY PROFESSIONAL
We pride ourselves on being a team of knowledgeable specialists embodying an exceptional level of professionalism, both with our customers and among our peers Our dedication to the highest quality service, efficiency, and insight is unparalleled
"When it comes to finding a home, it's not merely a matter of selection; it's a process of thoughtful elimination, guiding you towards a property that aligns with your lifestyle."
https://www.instagram.com/buyingcoastalwithcraig/
https://www.facebook.com/williamian.craig.9 (912) 452-2348 Ian@TuckerREA.com
https://ian.tuckerrea.com/seller