Buying a home is more than looking at houses. It's finding the right home, at the right price, in the right location. Hopefully, with a minimum amount of time and inconvenience. The best way to achieve these objectives is to work with a professional REALTOR® who understands your needs and wants, your time frame, and the financial boundaries to work within.
Selecting a REALTOR®
It is important that the salesperson understands your needs. A good salesperson will define your needs before they start to show you homes. Questions you should ask a salesperson when making your selection:
We can say that we will honestly answer "YES!" to all of these questions.
A REALTOR®'S Function
Establishing a Market Value
Market value is based on what others have been prepared to pay for similar property, under the same market conditions aster reasonable market exposure. Market value is a fair price for both the Buyer and Seller. It is what is called an "arms length" deal, and that means that there are no influences other than the market influencing the deal. You may, of course, pay more than established market value if your desire for the property warrants it. Conversely, you should not expect to pay less than established market value unless the property is being sold under duress.
Qualifying For Your Mortgage
Once you've made up your mind to buy a home, the first question that comes to mind is, "How much can I afford?". The financial aspects of buying a home do not need to be confusing. I can arrange to have you pre-qualified for a loan before you start looking, with no obligation to use that lender once you have found a home to purchase. Most lending institutions will only allow approximately 30% of a person's income to support a mortgage. They will usually not allow more than 40% of income to support a mortgage together with other debts. The amount of money you qualify for plus the amount of cash you can put down, will equal the amount you can afford to spend on a home.
Jesse and Doug Chapman will help you with all your Real Estate needs!
We have a program called Client PCS which will send you listings that meet your criteria as they come available on the market or are updated. Would you like to be added to this program? If so, please call or email Jesse or Doug to leave us with more information about the property you are looking for!