BUY A HOME
Searching for a home is exciting, but it can also be extremely stressful and confusing – which is why you need a knowledgeable, compassionate agent walking with you through the process. Jenn is dedicated to making your home-buying experience as smooth and efficient as possible. With her in-depth knowledge of the Roanoke and Salem markets, the highest standards of customer service, and industry expertise, she has the resources to assist you in finding the perfect home and will stop at nothing to make that a reality. When working with Jenn, you will have peace of mind knowing you can expect outstanding results.
Here are some of Jenn's tips to keep in mind as you look for a home:
COMPARE APPLES TO APPLES
If you are going from renting to buying, think about the additional costs that come with being a Homeowner vs a Renter. Don’t just compare your rent to a mortgage payment, factor in electricity, internet, water, sewer, lawn maintenance and repairs. Some homes are located in a neighborhood that have a Home Owners Association (HOA). HOA’s typically charge an annual or monthly fee that goes towards the upkeep of the common ground.
STAY PUT FINANCIALLY
Lenders want to see that you are financially stable and reliable. If you are thinking of buying a home, don’t make any big purchases in the months before you would like to move. Opening new lines of credit and making expensive purchases send red flags to lenders.
SELECT AN AGENT
With the sites available on the internet for searching homes, a Realtor is still the best way to find the house that best suits you. Information on the web is not always accurate or updated. An agent helps you navigate through all that is on the market with experience and expertise while keeping your best interests at the forefront of the search and offer.
ATTAIN LENDER PRE-APPROVAL
Pre-approval helps you and the Seller. You determine a price range for the home that you can afford and the Seller knows that you are a serious Buyer. Note that pre-approval is different than pre-qualification. Pre-approval is a thorough anaylis of your current income, debt and credit history and puts you in a strong position when it comes time to make an offer.
CONSIDER YOUR OPTIONS
Take time to think about what you are looking for in a home. Do you want to be in the city or the country? Do you like brick or vinyl? How important is it to you to have a garage or a basement? Realize what you think you need, may not end up being what you want. Also, keep in mind, no house is perfect but there is a perfect house for you.
TAKE GOOD NOTES
When looking at a lot of houses it is easy to get them confused. Ask your Realtor to print out a page with the information of each house so that you can jot down notes as your tour. You may even want to come up with your own rating system, a 1 for “No Way” a 5 for “Maybe” and an 8 for “Highly Possible.” It is also a good idea to take pictures with your phone of details that you may want to remember.
SURVEY THE NEIGHBORHOOD
Before making an offer drive through the neighborhood. Do you like what you see? Pull up the crime report for the area, is it safe? Stop and ask some folks that you see outside what they think of their neighborhood, ask for some pros and cons. Also, drive by the house a couple of times at different times of the day to see the activity level. Check out where the grocery store, bank, gym or shopping are in proximity to the home.
READ THE CONTRACT
Before signing the offer, read through the Contract. Purchasing a home may be the biggest investment that you make in your life. Ask your Realtor to explain anything that you may be unsure about. Make sure you understand the timeline of the closing process and keep track of any dates that may be of importance.
MAKE AN OFFER
By going through the Pre-Approval process you know your maximum loan amount and should have a good idea of how much you want to spend on your home. Have your Realtor pull recent sales of comparable homes in the neighborhood so that you have an idea of what homes have sold for in the past several months. Evaluate the recent sales and with the help of your Realtor determine what a reasonable offer would be. You don’t want to come in so low that you offend the Seller but you also want to make sure that the price is worth it to you.
Are you looking to buy a home in Roanoke or Salem?Let us know!
Jenn prides herself on consistently providing first class service to her clients. Since the start of her real estate career in 2013, she has established a reputation for outstanding customer service, the highest level of client satisfaction. If you are looking to purchase a home in Roanoke or Salem, Jenn will make your buying experience as smooth and efficient as possible.