Whether you’ve spent years saving and preparing to buy a home, or you still aren’t sure if it is something you can even dream of, the questions surrounding a first-time home purchase can feel endless.
With the strength of RE/MAX behind me, I can help you find the answers—and peace of mind. RE/MAX is the industry leader in experience and service.
Here are some tips to help you with the process of becoming your own landlord:
- Pre-qualify for a loan. Being pre-qualified for a loan determines how much house you can afford. It also allows you to move more swiftly when you find the right home, especially when you aren’t the only interested buyer.
- Shop for mortgage rates and terms. Even half a percentage point can make a significant difference in how much you pay over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 8.0% versus 7.5% is about $35 per month. Over thirty years, that’s $12,600.
- Consider using a buyer agent. A buyer agent is legally responsible for representing buyer’s interest in a real estate transaction. Generally, the buyer agent is compensated by the seller at the time you purchase your new home. There are some limitations to using a buyer agent, however. Please feel free to contact me for more information.
- Learn how certain home features will affect resale value. In some areas, a swimming pool actually detracts from a home’s value and makes the home harder to sell. In neighborhoods where two-car attached garages are common, a single-car or detached garage may impact the home sale and future value. I can point out features that will either hurt or help future resale value.
- Rate the houses that you tour. After touring each home, write down what you liked and didn’t like. Develop a rating system that will help you narrow the field.
Any Questions?
That’s what I’m here for! Please feel free to phone me at your convenience (734-637-5897) or contact me via e-mail.
