Home Buying Tips

1. It is extremely important to develop a relationship with a real estate professional that you can trust and with whom you feel comfortable.  Using a Realtor (r) assures you of their pledge to adhere to a strict code of ethics.  You are also best served by working with an agent whose broker is a member of a multiple listing service, assuring a broad property inventory search.  Working with a real estate agent early in the process can save you a lot of time.
2. Check your Credit Report. Make sure it is accurate.  Fix any inaccuracies.  Pay off outstanding debts and/or lower balances.  DO NOT apply for new credit cards.  It often takes months to clear up credit problems, so start early.
3. Speak with a loan officer and get pre-approved for a loan.  Pre-approval reflects a written commitment from a lender.  This will also help you set a price range for your home search.  Do not bother with a "pre-qualification" as it is only a lender's opinion of your buying power without full review and approval of your credit.  Sellers look favorably on pre-approved buyers.
4. If you are having trouble saving money for the traditional 20% down payment, see what other loan packages your lender has.  You may qualify for an FHA or VA loan, and many lenders offer zero-down or low-down loan programs. 
5. Use the Internet as a search tool.  In addition to this site, there are other sites that list homes or provide good information about buying and selling homes suchas www.windermere.com.
6. Communicate!  Communication is the key to a successful transaction.  Ask questions.  Think about your wants and needs and convey them to your agent.  Also, it is important to be accessible and that your agent knows how to reach you quickly. 
7. Make sure your offer is contingent on a home inspection and your ability to obtain financing.  A thorough inspection may reveal flaws in the structure, roof, basic systems and appliances.  This can save you money and grief after the sale closes.  I can provide you with the names of home inspectors that you can interview.
8. Be flexible on items in the contract that make your offer more attractive to the seller, such as closing date, title insurance, and escrow company.  A larger earnest money deposit can also improve the "strength" of your offer.
9. Learn the market.  Your agent can provide you with listings of active properties that meet your price and amenities criteria.  Prioritize your wants and needs list.  Decide on what is essential, what is negotiable.  Preview properties with your agent or go to open houses to see what is available in your price range, and what these homes offer.