Buying real estate is one of the most important decisions a person will have to make in their lifetime. This experience can be daunting unless you are working together with a professional real estate broker who understands the process.
If you are thinking of buying property, contact our office at 508-394-1184 or email email@example.com and one of our knowledgeable agents will help you find the right property to suit your needs.
Your first step in the process of buying a home is to determine how much you would be able to borrow. A basic rule of thumb is that a lender will want your monthly mortgage payment to be no more than 29% of your monthly gross income. However, you should contact an experienced mortgage lender who will be able to help you through the process, including a loan pre-approval. A loan pre-approval is an important asset to have when making an offer on any property.
There are many different kinds of mortgage programs available. It is best to do some research about the pros and cons of each program. Our agents can help you understand the steps you will need to take, and, if you wish, we will provide you with a list of reputable mortgage lenders. There are also special home buying programs available from various organizations and many local governments that offer special home buying programs to help first-time homebuyers and those in a lower income bracket. By being informed, you may be surprised to discover what you are eligible for in a mortgage.
Begin your home search by focusing on the location where you want to buy, and the amenities you want in a home. Determine how much square footage you want, how many bedrooms and baths you need, etc. Knowing what you're looking for will not only help you focus your search but will also help us understand your needs so that we may best assist you through the process.
There are several avenues to take once you begin your home search. We will supply you with listings, based on your search criteria. You may also look for property on the Internet, using the search tool located on our web site, www.westdennisproperties.com. Finally, reading the real estate section of your local newspaper, or driving around neighborhoods that interest you is also a viable strategy, though not as efficient.
Once you have made an offer on a home, you should schedule a home inspection, conducted by an independent authorized inspector. It is extremely important to hire a reputable inspector so that you know exactly what you are buying. Our agents can provide you with a list of licensed inspectors. If you are satisfied with the results of the inspection, then you can proceed to the Purchase and Sales agreement. If the inspector finds problems with the property, you will want us to negotiate with the seller, through their agent, to lower the price, or to have the seller pay for certain repairs.
Your lender will require you to get an appraisal of the house you want to buy, to make sure it is worth the money that you are borrowing. You may select your own appraiser, or you may ask our real estate broker to help you with this task.
Lenders require that you have homeowner's insurance, to protect both your interests and theirs. Like everything else, be sure to shop around for insurance that fits your needs.
Finally, you are ready for the closing. Be sure to read everything before you sign! You should have both an attorney and our agent present at the closing to ensure that financials and documentation are in order. West Dennis Properties LLC is there to provide Personal Service and Professional Representation.