For Buyers
Buyers: What You Need to Know:
It begins with “ideal.”
Preliminary Steps:
It is imperative to do your research before any major purchase. Taking these steps put you on the right track. Ask and answer these questions first
Don’t Go it Alone
Experts say that even when buying a car, it’s best to bring someone along; someone who asks unanticipated questions or who may have a particular set of skills or knowledge. It stands to reason that home purchases require as much due-diligence.
It is a given that the home is typically the most expensive purchase most people make in their lifetimes. Before finding that ideal property, calculate the probable taxes, fees, insurance and mortgage payments, relocation costs, and financing. Some states even require
Surveillance is Key
Again, another easy one. To glean the complexion of a neighborhood, it takes more than a cursory visit at the quietest time, on the quietest day of the week. Every city, every town, every neighborhood has it’s own “personality”. Due diligence here means making note of weekend activities, public transportation locations, and other social services sites.
Let’s Talk Financing
Calculating future income as well as considering the unpredictable fluctuations of the housing market is the first step. Few purchase new homes impulsively yet, more often than not, find themselves unprepared when new laws and regulations come to the fore.
Make sure there is an accurate record of your credit history as well as your current credit score, so that there are no surprises when applying for a loan. It is a given that the home is typically the most expensive purchase most people make in their lifetimes. Before finding that ideal property, calculate the probable taxes, fees, insurance and mortgage payments, relocation costs, and financing.
Keep Those Files Well-Organized
Even in this digital age, the four corners of a contract are still the best method of organizing property-related documents.
Making the most of your investment is the ultimate goal, and now is not the time to skimp on proper record-keeping tools.
Need helpful advice? Stalwart Investments, LLC guides you step-by-step, even here.
Taking the Plunge
Due diligence complete, it’s time to take the plunge. You’ve done all the legwork and it’s time to let in those whose expertise will help close the deal expeditiously, reasonably priced, eliminating the cloud of uncertainty, and replacing it with excitement and relief. Stalwart Investments, LLC guides you through escrow, taxes, and mortgage scheduling.
Pitfalls to Avoid
Make No Mistake
Missteps are inevitable. Ask any homeowner and tuck in to hear the myriad of “Wish I knew then what I know now” anecdotes. To reduce your level of buyer’s remorse, it behooves you to pay close attention to potential pitfalls, and avoid them at every turn along the way.
Veteran or newbie, keep in mind that the housing market is ever-changing. What was canon even recently can change at the beginning of a new year.
Show Me the Money
Again, the question is: What can I afford? This isn’t just how much is in the bank. It’s also how much depends on future earnings, down payments, financing, and jumping in feet first. Also again, Stalwart Investments, LLC guides you through the balance sheet of responsibilities that make all the hard work of searching, finding, wishing, and closing all worthwhile.
There Goes the Neighborhood
Looking fondly on the place where you grew up, first apartment or starter home? Of course, time marches on and it doesn’t pay to fall back on nostalgia. Far too often, people will envision the white picket fence, only to discover that fences aren’t allowed as part of the Home Owner’s Association Rulebook. Speaking of which, exactly how much does it cost to join? Why can’t I have yellow curtains? What about maintenance fees? What are the auxiliary expenses not mentioned in the original contract? Suddenly, the dream becomes a nightmare all because of unanticipated expenditures (water, trash, fees, etc.) someone failed to ask about. Don’t be caught by surprise.
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