Buyers 2018-09-01T04:43:25+00:00

Looking for a Home in…

Middlesex | Union | Monmouth | Ocean

Deciding
to
Buy

Preparing
to
Buy

Time to
go
Shopping

Inspections
&
Appraisals

Moving
in

Deciding to Buy

Have you decided it’s time to finally purchase a home? One of the biggest financial investments you can make is this. Whether this is your first time buying or otherwise, you must decide carefully.

Why Buy?
What motivates you to buy? Is it rising rent costs without a return? Looking to up- or downsize? Tired of paying for someone else’s investment? Looking for an investment of your own? Do you want something of your own? Knowing your why will help you make that careful decision.

Is it your dream to own real estate? It’s safer than a stock investment, and you build equity like a fine wine ripens–with time. Plus, you or someone else can live in it!

Each county offers their own home buying grant program. If this is your first time buying a home, then deciding where you want to live can help you save the most! Check out the grant programs for each county.

Middlesex
Union
Monmouth
Ocean

Deciding to Buy

Have you decided it’s time to finally purchase a home? One of the biggest financial investments you can make is this. Whether this is your first time buying or otherwise, you must decide carefully.

Why Buy?
What motivates you to buy? Is it rising rent costs without a return? Looking to up- or downsize? Tired of paying for someone else’s investment? Looking for an investment of your own? Do you want something of your own? Knowing your why will help you make that careful decision.

Is it your dream to own real estate? It’s safer than a stock investment, and you build equity like a fine wine ripens–with time. Plus, you or someone else can live in it!

Each county offers their own home buying grant program. If this is your first time buying a home, then deciding where you want to live can help you save the most! Check out the grant programs for each county.

Middlesex
Union
Monmouth
Ocean

Preparing to Buy

Go Green
Start with your green file–your own folder of financials. In it you’ll compile:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit cards
  • Car loans
  • Most recent pay stubs
  • 2 years of recent tax returns
  • Lease copies for any investment homes
  • 401k statements, mutual account info, equities, annuities

Credit Check
A credit score greatly impacts the type and price of the home you can purchase. My resources of lending institutions will check this for you and can start your preparation off right.

The Pre-approval
More than a pre-qualification, a pre-approval will dictate whether or not a loan issuing is possible. You’d be surprised how simple it is. Start with Freedom Mortgage, my trusted source for lending on your home purchase.

https://www.freedommortgage.com/

Preparing to Buy

Go Green
Start with your green file–your own folder of financials. In it you’ll compile:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit cards
  • Car loans
  • Most recent pay stubs
  • 2 years of recent tax returns
  • Lease copies for any investment homes
  • 401k statements, mutual account info, equities, annuities

Credit Check
A credit score greatly impacts the type and price of the home you can purchase. My resources of lending institutions will check this for you and can start your preparation off right.

The Pre-approval
More than a pre-qualification, a pre-approval will dictate whether or not a loan issuing is possible. You’d be surprised how simple it is. Start with Freedom Mortgage, my trusted source for lending on your home purchase.

https://www.freedommortgage.com/

Time to Go Shopping

When preparations are set, it’s time to find the home for you.

Driving Your Market
Take a ride around where you are interested in living. Get a sense of the area and learn first hand what’s available to you.

I’ll select the best properties for you based on all the features you communicate, and I’ll help you understand all the potential benefits and risks to  each property we view.

Find the right fit? I promise to prepare an offer for the seller that will affirm trust in you and your buying power.

Time to Go Shopping

When preparations are set, it’s time to find the home for you.

Driving Your Market
Take a ride around where you are interested in living. Get a sense of the area and learn first hand what’s available to you.

I’ll select the best properties for you based on all the features you communicate, and I’ll help you understand all the potential benefits and risks to  each property we view.

Find the right fit? I promise to prepare an offer for the seller that will affirm trust in you and your buying power.

Inspections and Appraisals

The Nitty Gritty
  • Agreement: once the seller acknowledges your offer & accepts it, you now have a legal agreement between you and the seller.
    • I’ll keep everything recorded and in writing so you can track everything and have a copy.
    • I’ll keep you on schedule to make sure you stick to the timeline outlined for you and the seller. Promptness will ensure this goes smooth and uninterrupted.
  • The Closing Agent: A title company or attorney will be the closing agent, who holds the deposit in escrow and checks to ensure that the title is free and clear of any clouds over it.
    •  Some properties have recorded easements and encroachments which may limit use of the property in some way.
  • Inspections: after your offer is accepted, you must have a licensed home inspector visit the property in the time frame agreed upon in the purchase contract.
    • I’ll go over with you any need for further specialized inspections, and I’ll recommend professionals who can serve you.
    • This all determines:
      • If each step is met successfully, removing any contingencies.
      • If you need to request to renegotiate based on what’s found
  • Appraisal & Lending: You must stay in consistent contact with your chosen lender. They will let you know what documents you need to help fund the loan. If financing is needed, the home must be appraised by a licensed appraiser to determine its value for the lender.
    • When you are within two weeks of closing, you’ll have to check in with your lender to make sure the loan will go through on time.
  • Possible Association Acceptance: If you are moving into an association, then you’ll want to request the rules, regulations, and anything else important to the sale as soon as a purchase agreement is made.
    • You’ll have to know what fees are due and to whom.
    • You may have to be interviewed as well.
  • Property Insurance: If you are getting a loan, this is a requirement by your lender.
    • It will depend on the home price and lender
    • You may want to shop around.
      • Consider a higher deductible.
      • Ask about discounts.
      • Insure the house–not the ground beneath it.
Let me know if you have any questions.

Inspections and Appraisals

The Nitty Gritty
  • Agreement: once the seller acknowledges your offer & accepts it, you now have a legal agreement between you and the seller.
    • I’ll keep everything recorded and in writing so you can track everything and have a copy.
    • I’ll keep you on schedule to make sure you stick to the timeline outlined for you and the seller. Promptness will ensure this goes smooth and uninterrupted.
  • The Closing Agent: A title company or attorney will be the closing agent, who holds the deposit in escrow and checks to ensure that the title is free and clear of any clouds over it.
    •  Some properties have recorded easements and encroachments which may limit use of the property in some way.
  • Inspections: after your offer is accepted, you must have a licensed home inspector visit the property in the time frame agreed upon in the purchase contract.
    • I’ll go over with you any need for further specialized inspections, and I’ll recommend professionals who can serve you.
    • This all determines:
      • If each step is met successfully, removing any contingencies.
      • If you need to request to renegotiate based on what’s found
  • Appraisal & Lending: You must stay in consistent contact with your chosen lender. They will let you know what documents you need to help fund the loan. If financing is needed, the home must be appraised by a licensed appraiser to determine its value for the lender.
    • When you are within two weeks of closing, you’ll have to check in with your lender to make sure the loan will go through on time.
  • Possible Association Acceptance: If you are moving into an association, then you’ll want to request the rules, regulations, and anything else important to the sale as soon as a purchase agreement is made.
    • You’ll have to know what fees are due and to whom.
    • You may have to be interviewed as well.
  • Property Insurance: If you are getting a loan, this is a requirement by your lender.
    • It will depend on the home price and lender
    • You may want to shop around.
      • Consider a higher deductible.
      • Ask about discounts.
      • Insure the house–not the ground beneath it.
Let me know if you have any questions.

Moving in

Time to Wrap This Up
Prior to closing, together we’ll go through the formalities. I will:
  • Take you for a final walk-through to inspect all is well as agreed.
  • Provide a list for activating utilities after closing.
  • Go over what to do if there are unforeseen glitches.
  • Ensure you know what to expect and sign to wrap it up and close safely and uninterrupted.

Then, it’s all yours.

Moving in

Time to Wrap This Up
Prior to closing, together we’ll go through the formalities. I will:
  • Take you for a final walk-through to inspect all is well as agreed.
  • Provide a list for activating utilities after closing.
  • Go over what to do if there are unforeseen glitches.
  • Ensure you know what to expect and sign to wrap it up and close safely and uninterrupted.

Then, it’s all yours.