How do you get the lowest price and the best resale on your new home in Bryan or College Station? Here is the "recipe for success" when looking for a great Bryan or College Station home for sale.
1. Don't start looking too early, or too late. Most Bryan or College Station sellers are expecting to get an offer that will close approximately 1 month from the date the offer comes through. Unless the seller has a certain time frame, like wanting to move at the end of a semester, it usually means that you will not acheive the best price if you're not ready to move. This is particularly important if the house is vacant. Give yourself, ideally, no more than two months before your move date to get serious about looking.
2. Get preapproval. Many times we find the right home on the weekend, when many mortgage professionals aren't as readily available. Before you even go out and look talk to a mortgage professional and find out how much you can afford and what factors might hinder getting the best interest rate. If you need a good lender reference don't hesitate to call me!
3. Use an in-town lender or a nationally known company for your loan. Internet lenders and out of town lenders often don't realize the importance of closing on time (to both the seller and the buyer). Our negotiations, many times, are more successful if the lender is a known lender. Many people were caught up in unsuccessful closings within the last six months as lenders went out of business or underwriting requirements changed quickly.
4. Talk to a few Bryan and College Station real estate agents. Ensure that you find a buyers agent that is ready and willing to help you. Though you don't need to look at 50 houses to make a decision, think twice if your agent pressures you to choose after only seeing a couple of homes. Make sure the agent is giving you information and pointing out the ever present negatives in homes, as well as the positives. There is no such thing as a perfect home. A good agent will educate you about resale issues that might cause problems down the line.
5. Be realist about your objectives. If you want a great house, you most likely won't find it at a bargain basement price. Even foreclosures, which I do around 6 or 7 of a year tend to go for about 90% or more of value. If the deal looks too good to be true...it is!
6. Don't look at houses more than 5% above what you can afford to pay. Ideally use the limit that you are looking for to establish the highest price. It's very easy to fall in love with a more expensive home. Going up in price by 10K will typically give you a higher quality home.
To Be Continued with more great tips!!!!
Thursday, October 11, 2007
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