Buyers Info
What to Expect After Closing
You’ve done it. You’ve looked at properties, made an offer, obtained financing and gone to closing. The condo is yours. Is there any more to the condo buying process? What steps should you take for the moving process? Whether you are first time buyer or a repeat buyer, there are several more steps you’ll want to take.
Please click here to get a list of recommended steps to take after closing on your new condo.
All About the Closing Process
Go to any local courthouse and you can find property records detailing real estate ownership in your community—sometimes records that date back hundreds of years. These records are important because they provide today’s owners with proof that they have good, marketable and insurable title to the property they are selling. Equally important, such records enable buyers to provide proof of ownership when they sell. The closing process is varied in different parts of the country and is increasingly computerized and automated.
Please click here to find more up to date information on closing procedures.
Tips on Getting the Right Insurance
Most people do not feel safe driving a car without insurance, so it figures that no homeowner should go without insurance. The essential idea behind various forms of real estate insurance is to protect owners in the event of a catastrophe. If something goes wrong, insurance can be the bargain of a lifetime.
How to Make an Offer
REALTOR® groups, working with legal counsel, have developed forms that are appropriate for real estate transactions in specific communities. Such documents include numerous sale conditions and their wording should be carefully reviewed to assure that they reflect the terms you want to offer. While much attention is spent on offering prices, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value for buyers or additional costs. Terms are extremely important and should be carefully reviewed.
Please click here to request more information on how to make the a suitable offer.
All About Loans and Condo Financing
Often the cost of real estate financing is routinely greater than the original purchase price of a condo (after including interest and closing costs). Because financing is so important, buyers should have as much information as possible regarding mortgage options and costs.
Click here to request more information about loans and financial information.
Important Aspects of Choosing your New Condominium
There’s no doubt that choosing a condominium is a big decision and you want to do it right. No aspect of the condo buying process is more complex, personal or variable than bargaining between buyers and sellers. This is the point where the value of an experienced REALTOR® is clearly evident because he or she knows the community, has seen numerous condos for sale, knows local values and has spent years negotiating real estate transactions.
What are the Up Front Costs of Buying a Condo?
Buying a condo comes with many perks, including no yard to mow (or any yard maintenance for that matter), great community amenities and a much more affordable style of living. Condos are typically smaller and less expensive than a single family home, and can include attractive amenities as part of a home owners association (HOA), such as pools and fitness facilities.
Please click here to request a report on the costs associated with buying a condo.
How to Get a Loan Pre-Approval
Few people can buy a home for cash and a study by the National Association of REALTORS®(NAR) found that nearly nine out of ten buyers in 1999 financed their home purchase. This means that virtually all buyers, especially first-time purchasers—required a loan. It is important to find the loan that is right for you: the mortgage with the lowest cost and best terms, not to mention taking into consideration monthly HOA payments and the possibility of special assessments.
Please click here for additional information about pre-approval by a lender.
How to Choose a REALTOR®
More than 2 million people in the United States have earned real estate licenses. However, real estate is a tough business with a steep dropout rate and the result is that only a small percentage of those with licenses actively help buyers and sellers. To receive free information about the benefits and how to select the perfect REALTOR®, please submit your information below.
Please click here to request the free report or ask questions.
Are You Ready to Own a Condominium?
Knowledge and experience are the keys to successful real estate transactions. There is an enormous amount of information available to you about buying a condo online. This knowledge combined with the expertise and experience of a local REALTOR® can be the essential keys to your success.
