Issuu on Google+

The Purchase Of A Place In Today's Housing Market If you haven't bought a home in a while, you should be aware of the new rules associated with lending. Make sure hat you understand everything you are signing, and do not hesitate to ask as many questions as you need to. Make sure to speak openly with your lender ahead of time, as they can guide you through the new rules that may apply to you. There are many complaints that people lost the house they had under contract because they were eventually denied their loan or did not close on time. Home financing is available from a variety of lenders, including banks, savings and loans, credit unions, private mortgage companies and others. Rates and terms can vary dramatically from lender to lender, so it pays to do your research. For folks just figuring this out, most folks can't afford to buy a home with cash, so you need the mortgage lender. Most folks only buy a house a few times in their life, so you need a real estate agent. Along with you, the three of you will make up the team, real estate agent, lender and home buyer. Home shopping usually begins on the Internet. Learn as much as you can about the process, and then go into it well represented by a real estate agent. Starting on the Internet will give you enough alone time to really dig deep and get familiar with your local real estate market. While curb appeal and a staged interior are enticing to buyers, they are also distracting, taking attention away from the house’s flaws. Try to remain focused on your needs while you shop. You may think you know exactly what you want in a home until you start looking on the Internet. Getting engaged with your home shopping here can really be an eye opener as to what items you do not want in a home. The field will narrow rather quickly. Another quality check technique to use when trying to determine if a neighborhood is right for you is by driving through it at various times of the week, during the day and at night, observing the activity in the area. Your real estate agent can't get into specific demographics of an area, but you can certainly learn a lot by checking out local grocery stores and schools. Home shopping on the Internet can only take you so far. When the time comes to actually go out and buy a home, you will have to call in your team of pros. Hire your real estate agent, work with your lender and get ready to go out and buy a home. A top agent will provide you with an overview of what's on the market and, based on your profile, print up listings of every home available on the market that matches your search criteria. Interestingly enough, once you have been approved for a loan and you find the home of your dreams, the next step is to write an offer on it. Your agent should explain to you the entire purchase agreement before asking you to sign it. The agreement should be constructed in a manner that protects your interests and meets your needs. Charlotte NC Homes


The Purchase Of A Place In Today's Housing Market