Top 7 Tips for First Time Homebuyers – Room for Rent, Property for Sale/buy Singapore Article

Top 7 Tips for First Time Homebuyers


Purchasing your first home is a big step, that comes with some very serious decisions. Many homebuyers are intimidated by the process, and continue r…
Eric Bramlett
Purchasing your first home is a big step, that comes with some very serious decisions. Many homebuyers are intimidated by the process, and continue renting much longer than they should, or need to. However, if you break the homebuying process down into these simple steps, and follow these important tips, you will find the process less intimidating, and much more manageable.

1)Before You Begin, Ask Yourself One Question Will you live in your next home for at least 3 years? If the answer is Yes, you should probably purchase, rather than continue renting. With average appreciation, youll break even on your closing costs after 2 years, and start making money at year 3. Every year after that will put more money in your pocket! The most expensive aspect of real estate is buying & selling, so the longer you can live in the home the better. However, purchasing makes sense if you can make as little as a 36 month commitment.

2) You Dont Need a Down Payment! It always surprises me how many people want to purchase a home, but dont because they believe that a hefty down payment is required. Zero down programs are very common, and are quickly becoming the norm, rather than the exception to the rule. Because your new home is collateral for the loan, there are many banks that will jump at the chance to loan you 100% of its value. Perfect credit isnt a requirement, either. Because real estate typically appreciates in value, its often easier to be approved for a 100% mortgage than it is to borrow 100% for a car!

3) Get Pre-Qualified Pre-qualification is a very important step, and the step that first time home buyers dread the most. Qualifying to buy a home is pretty easy and requires relatively little work for you. Pre-qualification is what gives you buying power and allows you to make an offer on your dream home when youve found it. More importantly, pre-qualification will let you know how much your new home will REALLY cost in monthly payments. A $150,000 or $300,000 home doesnt mean a lot to most buyers but $1200 per month and $2500 per month are tangibles that everyone can understand. After your lender pre-qualifies you, ask them for a payment table that shows you a rough estimate of TOTAL monthly payment based on purchase price. Pick your payment, and you know the price range to shop in.

4) Consult a Realtor ASAP Many first time home buyers avoid contacting a Realtor because they dislike high pressure sales. However, Realtors have an advantage over traditional salespeople because they have access to the Multiple Listing Service, which is a database that lists roughly 99% of the homes for sale in a given market. This means that your Realtor doesnt have to sell he/she merely presents your options. The most important qualities to look for in your Realtor are his/her knowledge of your specific market and their willingness to help. Interview a few agents and choose one that will help guide you through the process. Youll find the help & insight will be invaluable and youll be glad you contacted your Realtor sooner, rather than later.

5) Make a List of Must Haves & Wants Many new home buyers mistakenly think that they will just know when they walk into the one. While some buyers DO fall instantly in love with a home, this is not the norm. Youll find your search is easier, and you will be more confident in your decision, if you take a systematic approach to your search. The best way to organize your search is to make two lists: Your must haves and your wants. Your must haves are the absolute necessities in your new home in fact, you dont even need to view a home if it doesnt have every must have. Great examples of your must haves are price, school district, size, etc Your wants are the qualities that you would like for your new home to have, but its not a necessity. Great examples of wants are color, flooring, kitchen appliances, surround sound, and type of exterior. By taking the time to articulate what you need and want in your new home, you will know exactly what to look for when viewing prospective homes.

6) Pick Your Favorite Neighborhoods You can always make changes to your house, but you can never change its location. Most home buyers already have a good idea of where they would like to live because of school districts, work, or other factors. However, neighborhoods can be pretty different, even in the same area of the city. Ask your Realtor to email you a list of homes in the specific area of town youre interested in. Take a drive through the different neighborhoods on the list your Realtor sends you, and choose your favorites. Pay attention to area amenities, how well the yards & common areas are kept, and if you see a lot of for lease signs which can be an indication of a heavy rental area, and lacking in pride of ownership. After you have picked your favorite neighborhoods, and you know your must haves and wants, you can literally make a list of EVERY home available that meets your criteria, and view those homes. 7) Make Your Decision!!! Homebuyers often hesitate after theyve found the right home because theyre not confident about their decision, or their decision-making process. Your home is probably the largest investment of your life, and its normal to feel butterflies in your stomach before putting your first home under contract. However, if you do your due diligence – and you have if you followed the steps above – then you will have your bases covered. If youve found a home that meets all of your must haves, most of your wants, is in the right neighborhood, and in your budget its the home for you! Dont wait and let another buyer take YOUR home!

Buying your first home can seem very intimidating, but can be extremely exciting. If you think that buying a home is right for you, it probably is. Make sure and follow these important tips and youll know you made the right decision when you find your first home.

Eric Bramlett is the Broker and co-owner of One Source Realty in Austin Texas. Visit Erics Steiner Ranch Guide, visit his Austin Real Estate companys website, & his Austin Condos Guide. Eric has seen considerable success in real estate, and looks forward to many more years in the business. Eric currently invests, renovates, and develops real estate in the Greater Austin Texas Market. He spends his time working with select clients, helps his new agents get started in their real estate careers, helps his experienced agents progress their careers to the next level, & when he has timehe takes his dogs to the lake.

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Preparing To Sell Your House Quickly – Room for Rent, Property for Sale/buy Singapore Article

Luck may have a little chance in getting your house sell fast, but there is a good chance for quick selling when a house is prepared to sell. Pricing …


Divyasena
Luck may have a little chance in getting your house sell fast, but there is a good chance for quick selling when a house is prepared to sell. Pricing could be very important factor, anyhow there are other important factors that will have a great deal of effect on where your house is ready for quick sale or not.

5 Steps for Helping Your House to Sell Quickly 1. Prepare yourself first to sell your house. You need to do your best to see the house as no longer your home, but just as a product to be marketed. This may take some work, particularly if you have been having that home for a number of years and has many good memories, but this is required if you want to maximize your potential.

2. Consider a qualified whole house inspection. An inspection would presumably expose any huge defects before they could cause future trouble with a potential buyer. It also is a signal to your buyers that you are a responsible and good seller.

3. Prepare the house. Stand back and look at your own house as impartially as possible. Would you purchase this home? Ask your friends and neighbors to do the same, asking them to be completely honest. Overlooking faults may cost you money! Get them fixed before you put the house on the real estate market.

4. Do what is essential to make your house be notable from the competition. Make sure that your house is fresher, cleaner, and much better maintained than other. Familiarize yourself with successful marketing and advertising techniques.

5. Remove most of the “impression”, which you have crated on the house. Having just a few family pictures around is good, but if your house is a “place of worship” for your family, then walls full of personal pictures you need to take some steps to depersonalize it. Buyers must be able to imagine themselves in the house that is just impossible if everywhere they turn they stare at you!

Divyasena is a SEO copywriter for mp3playeraccessories.net as well. She has involved herself in this field for more than 3 years. For further details related to the article you can visit the site http://www.homeoffersusa.com. You can contact her through mail at [email protected]

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Should I use a Realtor to Rent an Apartment? – Room for Rent, Property for Sale/buy Singapore Article

” Are you considering using a real estate agent to assist you in renting your apartment? If so, you probably have a lot of questions about the process of doing so. Most importantly, you’re probably wondering if it’s something that’s really a good idea or if you can go ahead and rent on your own without involving a professional. Whether or not to use a real estate agent when renting an apartment is mostly dependent upon your variety of needs. Personal factors such as your current stage in life, your familiarity with the city and your ability to negotiate a good rental agreement are things to consider as you determine whether or not you want to make use of a real estate agent for renting an apartment.

The first thing that you should consider is where you’re at in your stage of life. If you’re renting your very first apartment and you don’t know anything about it, you might want the assistance of a real estate agent to help you learn all of the ins and outs about signing leases and getting renter’s insurance. On the other hand, if you’ve been through a few moves and you know what you’re getting into, you might not need a real estate agent. Yet again, if you’re at an established point in your life and are too busy to do a lot of the hunting down and researching that comes with renting an apartment, you may want to spend the money to get a real estate agent to do that for you. Think about the reasons that you might want a real estate agent in regards to how knowledgeable you are about renting and how much time you have to devote to the process.

Another think to think about is how well you know your neighborhood. If you’ve been living in the same city for your entire life and are familiar with all of the ins and outs, you’ll know about the “good” and “bad” neighborhoods without having to get any advice. But if you’ve just moved to a new location, you might want the assistance of a real estate agent to help you figure out if the apartment you’re renting is cheap because it’s a good deal or cheap because you aren’t going to want to step outside of your front door at night. Your real estate agent can also help identify such things as how easy your commute will be from a certain area.

Finally, think about how capable you are of negotiating your rental agreement. Some people simply aren’t good at the art of negotiation; they give in too easily and let people walk all over them. If you know that you have these tendencies, you might want to hire a real estate agent to assist you in renting an apartment simply for the reason that they’ll be able to negotiate on your behalf. He or she can work out details like how repairs will be taken care of, what kind of notice must be given for different actions, and other terms of your lease.

Is it necessary to get a real estate agent to assist you in renting an apartment? No, of course not. You can easily go look at apartments yourself, sign the given rental agreements and deal with the consequences. But if you don’t have the time to find the right apartment, lack the skills to negotiate a good deal for yourself or are concerned about your lack of area knowledge when moving to a new city, then using a real estate agent might ease the process.”

Eric Bramlett is the Broker and co-owner of One Source Realty in Austin Texas. Visit Eric’s Austin Apartments [http://www.onesourceleasing.net] Guide, visit his Austin Leasing [http://www.kinanbeck.com/lease.php] company’s website, & his Austin Apartment Locator website. He has seen considerable success in real estate, and looks forward to many more years in the business.

Author
Eric Bramlett
http://www.ericbramlett.com/lease.php

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