Tagged: buyer

How to buy your first home

The home purchase process can be a bit scary for first time buyers. The Marlboro NJ first time home buyer tips below will help. Real estate is a big investment and buyers should start with as much information as possible.

Before Buying

Select a Local Mortgage Company & Request Pre-approvals

Interview a local mortgage provider and receive a pre-approval. Different companies may offer different programs. Review the services and fees to decide the best program. Get estimates on up-front costs and monthly payments. This may offer a good estimation of what you can afford.

Get Assistance from a Realtor

Find a real estate agent in Marlboro, NJ to guide you through the real estate buying process. Evaluate several agents and pick one that best understands your needs. Experienced brokers will help you identify appropriate properties, negotiate contracts, and facilitate a smooth transaction. This can be critical for first time buyers.

During the Real Estate Process

Real Estate Showings

Only tour homes within your price range. This avoids the disappointment of wanting real estate that you cannot have. Home showings can be time consuming, so staying within your budget will also save valuable time.

Contracts

Real estate brokers can offer advice on contracts and negotiating them, but they can not practice law. Ask about using a local real estate attorney to explain legal jargon and add any necessary clauses. Do not sign any documents that you are not completely comfortable with.

Inspections

Do not use an inspection to renegotiate price or other terms. Also stay away from negotiating previously disclosed issues. Such strategies often fail and lead you to lose the money spent on the inspection. Sellers may agree to repair problems, provide monetary concessions, or be unwilling to do anything. Try to be fair with your requests and sellers will be more willing to negotiate them.

Final Walk-Thru

Prior to the closing, you will have an opportunity to view the property. Try and schedule this for after the seller has moved out. If any issues are found at the walk-thru, you should resolve them before completing the closing your leverage disappears afterwards.

The Closing

Be sure to bring proper identification to the closing. Bring a bank check or money order for any money due. Have your checkbook ready for any last minute adjustments. Once the settlement paperwork is filed, the home is yours!

Advanced Marlboro NJ First Time Home Buyer Tips

The home buying process can be much easier with some advanced preparation and knowledge. For information beyond what is included in this Marlboro NJ first time home buyer tips, contact Sujatha Bhaskara at Keller Williams Realty by calling 732-536-9010 or by emailing sbhaskara@optonline.net. I invite you to begin your Marlboro, NJ home search at www.bestinnjrealestate.com, a great buyer resource. Here you can save your favorite properties, set up a custom listing alert for homes in Marlboro that meet your needs, view Real Estate trends in the area, get local Marlboro, NJ school and community information, and much more!

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Marlboro, NJ First Time Buyer Advice

Marlboro, NJ First Time Buyer Advice

Marlboro, NJ First Time Buyer Advice

The home buying process can be a bit intimidating for first time buyers. The Marlboro, NJ first time buyer advice below can help. Real estate is a big investment and buyers should become educated on the process.

Before Beginning a Home Search

Select a Local Lender & Request a Pre-approval

Speak with a local mortgage provider and request a pre-approval. The programs and offers may vary from one company to another. Review the options and closing costs to decide the best option. This will help you understand the estimated up-front and monthly costs of home ownership. This will offer a good estimation of what you can afford.

Find a Real Estate Expert

Find a real estate expert to guide you through the home buying process. Evaluate several agents and pick one that best fits your needs. Experienced brokers can help you identify appropriate properties, prepare offers, and ensure a smooth transaction. This guidance can be essential first time buyers.

Buying Process Information

Viewing Homes

Only visit listings within your budget. This avoids the disappointment of wanting a home that you cannot afford. Visiting properties can take extensive time and energy, so sticking to your price will also save valuable time.

Offers

Real estate brokers can offer advice on contracts and negotiating them, but they may not practice law. Look into using a local real estate attorney to navigate legal jargon and add any necessary language. Make sure that you sufficiently understand the terms and obligations of contracts before signing them.

Inspections

Inspections are not intended for price re-negotiations. Such strategies are not typically successful and lead you to lose the money spent on the inspection. Sellers have the option to make repairs, give monetary concessions, or be unwilling to do anything. Maintaining a good relationship with the seller will make negotiations easier.

Walk-Thru Prior to Closing

Before the closing, you will have an opportunity to view the home. Try and schedule this for after the seller has removed their belongings. If any issues are found at the walk-thru, you should resolve them before signing closing paperwork as there is little you can do afterwards.

The Closing

Be sure to bring legal identification to the closing. Closing costs and down payment funds must be certified. Also bring your checkbook for any last minute changes. Once the settlement paperwork is filed, the property is yours!

Additional Marlboro, NJ First Time Buyer Advice

The home purchase process will be much less stressful with some advanced preparation and knowledge. For details beyond what is provided in this Marlboro, NJ first time buyer advice, contact Sujatha Bhaskara at Keller Williams Realty by calling 732-536-9010 or by emailing sbhaskara@optonline.net. I invite you to begin your Marlboro, NJ home search at www.bestinnjrealestate.com, a great buyer resource where you can save properties, set up custom listing alerts for homes that meet your needs, get local Marlboro, NJ school and community information, and more!