It’s an exciting time in you and your family’s life. It's also a time that, as a home buyer, you should take very seriously when deciding who to use as your realtor. Research them. Visit their websites. Ask around. Whether you're a first time home buyer or you 're about to buy your 5th home, you need an expert agent that you can trust and that will guide you through the home buying process. With over 30 years experience here in Rome, we are that expert!
Yes, reviews can often times be a great way to gain insight as to how an agent stacks up against their colleagues and what the overall experience was like for previous home buyers. But sometimes those reviews can be skewed and don't always paint an accurate picture of an agent. Numbers, however, don't lie. Before making a final decision on who will serve as your realtor, check their numbers. Chances are, if they have just a few or even no reviews, but their past sales in units and volume are double and triple that of their colleagues, then they are likely to be worth their salt.....
It is going to take time to find the perfect property. There is a lot to consider when buying the right home. Our intentions are to help you become the most informed buyer from the start so that when we do find that perfect home, no one is dropping the ball. Often times a rushed decision is not an informed decision.
Getting a mortgage approval is intimidating to a lot of buyers. They aren't sure where to turn or what they really need to do. A bank is not just a bank. Having the right Lender can be extremely important – it is your money we’re talking about after all! We're ready to help you get through everything, but there are ways you can start preparing early to make the process easier. First, make sure your budget is ready for a home loan. Look at your expenses and income, and see what you may need to adjust. Another thing you'll want to do is start getting together the documents you're going to need, like W-2s, tax returns, pay stubs, bank statements, child support and alimony records, and other documents that can be used to verify your income. Don't forget you'll have closing costs, so saving up some extra money for that.
The market is always changing, knowing the difference in a buyers’ market or a sellers’ market is important to understand. The list-price to sales-price ratio also helps us to determine what a reasonable offer will be for the home you are planning to purchase. The majority of buyers purchase a home that's approximately one and one-half times to two times their yearly income. A buyer making $50,000 should look for a home costing between $75,000 and $125,000. That makes the payment around 27% of gross monthly income. Any other debt you have will be considered in the process, as well, like car payments and student loans. Your total debt should stay under 40% of your total income every month.
Moving again in months or years, isn't much fun and can get expensive. Fortunately, you can be more prepared for your home search and help avoid buyer's remorse. Start with a list of everything you must have in your new home, and a separate list of the things you'd like but don't have to have. Consider things like how many bedrooms and bathrooms you'll need for the size of your family, the location, and any special needs you have. The size of the lot may also matter to you, because it can affect the time you spend doing maintenance.
It's very important to educate yourself about the process of buying a home, so you'll get one you love and that's comfortable for your budget. We can answer any questions you have, and are ready and willing to help guide you through the process.