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FOR BUYERS
Paula DeCrescentis is not just an experienced real estate professional, she is a homeowner too. This means she has bought and sold her homes in the past, and knows that the process can cause anxiety and stress. She has been there and done that, and knows well the concerns you may have when home shopping. Sadly, each year it seems the buying process becomes more complex.
Between government legislation, environmental laws, mortgage documentation requirements, and the legal aspects of a home purchase, a home buyer really needs to be helped by a professional. It would be my pleasure to assist you during this important time.
QUICK TIPS
Here are some tips to help you with the process of buying a home:
Prequalify for a loan; better yet, get pre-approved
Being prequalified for a loan determines how much house you can afford. A pre-approval is a stronger statement from your lender that after a thorough review of your finances, the lender believes strongly that you will be able to complete the purchase. Pre-approval allows you to move more swiftly when you find the right house, especially when you aren't the only interested buyer.
Shop for mortgage rates and terms
A difference of even half a percentage point can make a huge 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 percent vs. 7.5 percent is about $35 per month. Over 30 years, that's $12,600.
Use a buyer agent
A buyer agent is legally responsible for representing the buyer's interest in a real estate transaction. Generally, the buyer agent is compensated by the seller at the time you purchase a new home. There are some limitations to using a buyer agent, however. Before you decide, have one of us explain the advantages and disadvantages of using a buyer agent.
Find features that help or hurt resale value
In some areas, a swimming pool actually detracts from a home's value and makes the home harder to sell. In neighborhoods with two-car, attached garages, a single-car or detached garage may impact the home sale and future value. We can point out features that hurt, as well as those that help, resale value.
Rate the houses 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 down to the house that's the best for you.