The 5 Items To Study Before Writing An Offer To Purchase Your New Home.
Yes you can write an offer on the home you just love and want to buy. You may save yourself lots of time and money if you take a few steps prior to writing your offer. There will be less stress in your life if you do. What are the 5 things to investigate when writing an offer?
When you get ready to place an offer on a home you should do 5 things first and then structure your offer so. By doing so you will have a better picture of your future neighborhood, community and neighbors. This is not the time to skip this step only to find out this information after you have closed your escrow. Those five things to research are as follows:
1. Job Stability:
You can research this at www.bls.gov If there are no jobs how will you be able to pay your mortgage payments?
2. Recent Sales Activity:
Although, what homes in the area have sold for is very important, Sales Volume equally is important. It shows if homes buyers want to live in a particular area of town you are considering or not. If no one wants to live there why would you want to live there?
3. Number of Building Permits:
This registers the active builder’s sentiments and future housing activity. It stands to reason, for people who make their living from selling homes, they would NOT put their money in an area if they didn’t think they couldn’t make a profit down the road.
4. Where is the best money?:
Where can you find the best home loan for your needs? Is it better at a local bank? A credit union? Maybe the current “Big 4” institutional lenders is the answer. Get on the phone and dial for dollars to find the answer.
5. Anecdotal Evidence:
Home buyers can easily find homes that are for sale online or driving around on Sunday afternoons. A resource a home buyer has available to them for local ability and guidance is the area Realtor. A Realtor not only gathers facts to your particular needs but also has knowledge of some home before they have a chance to be entered into the MLS. Realtors will help shorten your real estate learning curve.
Benefits the homebuyer:
Using these 5 actions items to help you buy a home are invaluable to you. They will aid you in making the best decision possible when buying your new home. A little research on the homebuyer’s part will make their transition into a new home easier. Homebuyers will find having fewer hurdles to jump during their home buying process.
Good luck on your home search. These are exciting times for you.
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