Tips For Buyers:
No one wants to contract a case of buyer's remorse. You know what I am talking
about. It is that feeling that you've either paid too much or received too little. In
most cases, there is no recourse for the buyer to receive recompense once the
contract has been signed. If no one wants to catch a case of buyers remorse, why
are there so many people out there who suffer from it? The answer is simple,
most of these people engaged in a transaction without enough knowledge and
information.
The best way to make sure that you choose the right home is to properly prepare
yourself. The purchase of a home is a tremendous investment, both monetarily
and emotionally. The purpose of this page is to provide you with some tips that
will help your transaction progress smoothly and result in you being a happy
homeowner.
- Get help. Your home is likely to represent one of the largest investments in your life. In
order to make sure that the transaction goes smoothly it is of vital importance that you
choose the right agent to represent your interests. The right agent will be someone
whose experience and personality makes you feel comfortable/ You should try to find
an agent that is familiar and knowledgeable about the area you plan to move into. - Get pre-approved. Do you already know how much home you can afford? There is
nothing more frustrating than looking for a home, finding the perfect home and the
discovering that it is out of your price range. Speak with a lender to learn about the
different financing options available to you. When you find the right lender, get the paper
work processed so that you will be ready to buy when you find the right home. (We
Would Be More Than Happy To Help You With This) - Avoid major purchases. In order to determine the amount of home you can afford, a
lender uses your debt-to-income ratio. This ratio is the percentage of your pre-tax
income that you spend on debt. Your debt ratio will include: monthly housing costs, car
payments, credit cards, student loans, and any other installment debt. If you take on
more debt right before buying a home, it is going to have an impact on the amount of
the loan that the lender will finance. - Ask questions, no one knows the home better than the seller. If you find out the sellers
motivation for selling, you might be able to negotiate a better deal on the home. Try to
find out the last time service was performed on the roof, furnace and water heating.
Asking the right questions now can end up saving you a lot of money in the long run. - Get inspected. The last thing you want to discover after you have brought a home is that
you have purchased a "money pit". By "money pit" I am referring to a home that is full of
defects that are going to end up costing you a lot of money. Save yourself a lot of time in
future litigation and renovation by bringing in a licensed home inspector before you buy.
If any problems are found it will steer you away from a bad decision or help you
negotiate a better price.
| INFORMATION FOR BUYERS |
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Rentsmart Property Management ................................................. Office (951) 216-2002 Clarke Van Deventer DRE # 01743829 (909) 322-9031 Barbara Baker DRE # 00524780 (909) 721-7750 Office Hours: 8:30 - 5:00 Monday - Friday |
