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Looking for a
REAL ESTATE AGENT?
MEET
FRANCISCO YCAZA
OF
We R NY
fycaza@wernewyork.com
(718) 954 - 4792 DIRECT
WWW.SELLWITHFRANCISCO.COM
Buyer Tip
Hire a great real estate agent. A good real estate agent will scour the market for homes that meet your needs and guide you through the negotiation and closing process. Get agent referrals from other recent home buyers. Interview at least a few agents, and request references. When speaking with potential agents, ask about their experience helping home buyers in your market and how they plan to help you find a home.
Francisco Ycaza Realtor www.sellwithfrancisco.com
Buyer Tip
Before you buy, get the lay of the land – drop
by morning noon and night. Many homebuyers
have become completely distraught because
they thought they found the perfect home, only
to find out the neighborhood wasn’t for them.
Drive by the house at all hours of the day to
see what’s happening in the neighborhood. Do
your regular commute from the house to make
sure it is something you can deal with on
daily basis .
Francisco Ycaza Realtor www.sellwithfrancisco.com
Buyer Tip
At the very beginning of your search, you can get pre-qualified to get an estimate of how much a lender is willing to lend to you. But as you get closer to purchasing a house, you should get pre-approved. The lender will take a deeper look at your finances and confirm in writing how much they are willing to lend. A pre-approval will make your future offers stronger and show sellers that you are serious.
Francisco Ycaza Realtor www.sellwithfrancisco.com
Buyer Tip
A lender may offer to loan you more than what is comfortably affordable, or you may feel pressure to spend outside your comfort zone to beat another buyer’s offer. To avoid financial stress down the road, set a price range based on your budget, and then stick to it. Look at properties below your price limit to give some wiggle room for bidding in a competitive market.
Francisco Ycaza Realtor www.sellwithfrancisco.com
Buyer Tip
You may be able to save money by asking the seller to pay for repairs in advance or lower the price to cover the cost of repairs you’ll have to make later. You may also ask the seller to pay some of the closing costs. But keep in mind that lenders may limit the portion of closing costs the seller can pay.
Francisco Ycaza Realtor www.sellwithfrancisco.com
Buyer Tip
Make your opening bid something that’s fair and reasonable and isn’t going to totally offend the seller. A lot of people think they should go lower the first time they make a bid. It all depends on what the market is doing at the time. You need to look at what other homes have gone for in that neighborhood and you want to get an average price per square foot.
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
Pay for a home inspection. A home inspection is a a thorough assessment of the structure and mechanical systems. Professional inspectors look for potential problems, so you can make an informed decision about buying the property. Make sure the inspector can get to every part of the house, such as the roof and any crawl spaces.
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
Request loan estimates for your home mortgage from multiple lenders to compare the costs, including interestrates and possible origination fees. Lenders may offer the opportunity to buy discount points, which are fees the borrower pays upfront to lower the interest rate. Buying points can make sense if you have the money on hand and plan to stay in the home for a long time.
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
Your credit score will determine whether you qualify for a mortgage and affect the interest rate lenders will offer. Here are the few ways you can strengthen your credit score:
- Get free copies of your credit reports
- Pay all your bills on time
- Keep current credit cards open
- Track your credit score
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up.
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
Make the most of open houses. Open your senses when touring homes in person. Listen for noise, pay attention to any odors and look at the overall condition of the home inside and out. Ask about the type and age of the electrical and plumbing systems and the roof.
CALL FRANCISCO TODAY FOR A TOUR!
Buyer Tip
A variety of mortgages are available with varying down payment and eligibility requirements. Here are the main categories:
- Conventional mortgages
- FHA loans
- USDA loans
- VA loans
