Buying a home can be an overwhelming process. From financing to negotiating to closing, there are a lot of moving pieces that can leave homebuyers bewildered.
A Realtor can help guide you through each step of the buying process, offering sound advice along the way. By working with a professional who knows the ins and outs of the real estate industry, you’ll not only end up with a great home, but you’ll also walk away with a great experience.
Here are some of the key areas that a Realtor can help you with:
Getting pre-approved by a lender
By providing your Realtor with some basic information about your income, savings, and debt, he or she can assist you in getting pre-approved by a reputable lender. The lender will then go over your financing options, what monthly payment amount you can afford, and what you can expect for down payment requirements and closing costs.
Choosing a home
For most buyers, choosing a home is an emotional process. A Realtor can assist you in this process by offering objective information about each property you look at. From local community information like schools and zoning to home-specific details like condition and amenities, a Realtor can help you find exactly what you’re looking for.
Making an offer
Once you’ve found the home of your dreams, a Realtor will research recent comparable sales of similar homes in the area to help determine a fair selling price. Based on those comparable sales, as well as other factors like inspections and repairs, a Realtor will then help you structure an offer and negotiate to get the very best deal possible.
Closing, or settlement, can be a complicated process. In some areas, the escrow or title company handles the closing process, while in other areas an attorney handles it. Regardless of where you’re buying, a Realtor can help ensure that everything goes smoothly.
Closing Costs Credit
Closing or settlement costs can be a financial burden for Buyers. At First Fortune Realty we offer up to 1% of the contract purchase price to assist with our Buyers closing costs. Get in touch with us for pertinent details on how we can assist.