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Contact & EnrollmentBuyer Resources — The Home Buying Process
Buying properties is a smart move! Whether it's your first home or the tenth investment, we have an army of experts to make sure we find the perfect property for your unique circumstances.
With enough knowledge of the real estate market, we'll educate you throughout the buying experience. As real estate agents, we are connected to experts in every related field, from lending to relocation.
Essential Factors
Are you planning to buy a home at a desirable location? Then consider a few factors like,
Check Your Credit
Since you are likely to buy a house, make sure you have a clean credit history. You can ask for a credit report copy and correct inaccuracies before looking for new properties.
Calculate Your Finances
Aim to buy a home you can afford. You can pay for a house that costs two and one-half times your annual salary. Getting pre-approved by a lender will ensure that you look at homes in the right price range.
Hire a Professional
Finding your dream home can be challenging without a professional real estate agent. Also, you can ask people for recommendations who have consulted experts while buying properties. Talk to a few agents before determining the one you want to work with.
Do Your Homework
When making an offer on the house, make sure you know the sales trend of other homes in the neighborhood. Analyze the list of homes sold in the last three months. If the selling price is five percent below the asking price, make your offer five to ten percent below the listing price.
Preparing to Buy
A home inspection is essential before you buy a property. Even though your lender will require a home appraisal to determine the property's value, you should hire your home inspector, preferably an engineer with experience in doing home surveys in the area you are buying. The inspector will ensure if there are damages that would require costly repairs.
First Time Home Buyers
Many people generate income from real estate investments, and they provide a viable tax shelter while offering financial benefits to the investor. A first-time homebuyer purchases a new home for a primary residence rather than a real estate investment, and however, it is still a major investment in real property.
It would help if you always started searching for your dream home with a recognized lending agent as a first-time buyer. When you consult a loan officer at a personal bank, the process of real estate investments begins.
Qualified Realtors
Our professional real estate agent is qualified to look at the homeowners' situations and give them a complete analysis of the available financing options. We can also suggest the best types of loans to suit the individual needs of real estate investors.
Sometimes an option includes the ability to lease or rent to own the property. This is often a suitable solution for people without substantial capital to invest as a down payment. People with some discerning commentary in their recent financial credit reports will also benefit from this option. Large down payments will work for someone who has the capital to invest but does not have the credit.
Multiple Loan Options
There are other financing options with zero-down loans for real estate investors. These loans will usually cover all closing costs when buying a house as a primary residence.
There are so many loan options available to real estate investors that buying a home or property is imperative. You can opt for a lengthy discussion with the loan officer to explore all options.
Common Buyers Mistakes
The entire investment process can be exciting and intimidating for a first-time homeowner. Knowing some of the common mistakes by real estate investors can keep you from repeating these errors.
The common mistakes made by many real estate investors are not so very severe. It will, however, cost them valuable time and many headaches. Most potential homeowners want to find their dream home without worrying about their financial conditions. You must consult a professional real estate agent and prepare a proper plan; otherwise, you may waste your time and money.
Consider Your Finances
Make sure you consider your finances before looking for investment opportunities. Unless you have substantial financial holdings and excellent credit, they may not be pre-approved for any set amount. However, this will give you a better idea of how much you can afford for a primary residence or a secondary investment property.
Knowing the approximate amount you can receive will allow you to narrow down your search for homes you can certainly purchase.
Cost Estimation
Are you looking to buy a modest home? Do you think it will be easier to obtain good rates and financing for a smaller house? In many cases, the buyers discover that they could have purchased their dream after spending so much money on escrow, closing, and appraisals.
It would help estimate how much you can spend before investing, like seasoned real estate investors. An approximate estimate will keep difficulties at bay. You can develop personal assets and generate additional income through real estate investments. Knowing how to invest your finances properly in real estate is essential for your financial portfolio.
The Home Selling Process
At Tri Pillar Real Estate, we know what makes your home sell: How it's priced, shown, and marketed.
Selling your property is a big decision, so it's important to work with our reliable agents to get the job done perfectly.
When you choose to work with us, you're not just getting well-equipped agents, but you're getting transparency and instant communication throughout the entire process. We take care of every detail so that you can relax. We customize our property marketing strategies to target buyers online and in person. Plus, we make listings shine with the best photography and content.
Preparing to Sell
1. Prepare Yourself: Try to see the house as a product to be marketed, and this will prepare you to promote the house effectively.
2. Hire a Professional: Consult our agents and compare background, experience, personality, commission, suggested list price, and other things you value in a professional. You can be more confident with our real estate agent by your side.
3. Price Your Home: It would be best to consider a few things while determining the price of your home: total square footage, floor plan, construction quality, condition, amenities, lot size, topography, view, landscaping, locations, and market conditions. You can also visit local open houses to compare them to your own as objectively as possible. Ask our agent for comparable market analysis.
4. Develop an Effective Marketing Plan: Talk to our agent to determine the most valuable advertising places. We can put a for-sale sign on the property, input the property in the Multiple Listings Service, create flyers, and advertise on their website and in local newspapers and real estate magazines.
Buy Or Sell First
You will find many purchasing a second home. If you are ready to buy the second house as the new primary residence, please decide whether to buy the new property or sell the old real estate first. As a homeowner, you can always sell your home and buy another piece of real estate in your new desired location.
If you have the financial capital to invest in a new home, it will be a wise choice to buy another property. However, not everyone is financially capable of maintaining the responsibilities of owning two households simultaneously.
Common Sellers Mistakes
If you are selling a home for the first time, you may have a troubling experience. Having the proper knowledge will help to make the sale go smoothly. You can consult our real estate agents at Tri Pillar Real Estate for more relevant information.
Many homeowners mistakenly believe that selling real estate is as simple as selling a used car. Unfortunately, nothing is that simple, especially when it comes to real estate investments.
Laws & Regulations
Since a real property investment is a huge expense, the laws offer protection to the buyer. It is essential to know each applicable rule while buying or selling properties. At Tri Pillar Real Estate, we have efficient agents to help you with all the aspects of investments. If you have any doubt about the laws for selling a home, please connect with us.
Connect With Our Realtors
Real estate agents earn their commissions, and they are familiar with all of the laws in communities where they are licensed. If there are any difficulties with the sale, our realtors are qualified, certified, and trained to handle them quickly and efficiently.
Our experienced real estate agents are aware of every step to guide homebuyers and investors closely. Our experts will keep you updated regarding the necessary information for real estate investors and licensed agents. Hiring our real estate agent can bring you a great solution while buying or selling a property.