Five key points to successful home
purchase:
Get
Pre-Approved
Determine
your Wants vs. Your Needs
Select a Realtor
Placing an Offer
Home Inspection and Other Contingencies
Get Pre-Approved
Pre-qualifying is step #1 for the home buyer. It is
important to know what you can afford. Buyers Vantage provides this service
free of charge, without any obligation on your part. We recognize this is
personal information; we will not share this information with anyone, other
than our preferred mortgage broker and agent.
Get
Pre-Approved Now
Determine your Wants vs. Your
Needs
Take a few minutes to really think of "what your needs
and wants are". The best way to do this is to grab a piece of paper and divide
it into three sections. If you have a spouse or co-owner have them do this too,
but don't share ideas just yet.
Section 1> Must Have Features
- If the house must be located in a specific
neighborhood or school district
- If the house must have 3 bedrooms, a 2 car garage, a
large kitchen, a view
- If there must be not restrictions against a
home-based business
- List everything you think is a MUST!
Section 2> Features You Would Like
- A basement or a deck
- Whirlpool tubs, walk-in closets
- A certain type of architecture
- List everything you would LIKE!
Section 3>Features that are out of the Question
- Certain types of architecture
- Homes that need a great deal of work
- List all features you absolutely CANNOT accept
Select Your Realtor
There are many times when buyers avoid using the service
of a REALTOR under the mistaken belief that it costs them money-or that they
will be able to negotiate better with the seller or seller's agent. This can be
an expensive mistake!
When buying a home, if you are negotiating
directly with the seller or seller's agent, you may not be taking advantage of
the best deal available in the marketplace today! You can have your own REALTOR
or licensed real estate professional who is commited to using the experience
gained through hundred of successful negotiations for your benefit- at no
charge to you! Your agent can be paid from the same commission that the
seller's agent is paid from- by the seller.
From the moment you choose
Buyers Vantage, your agent will immediately begin the home selection process.
Selecting homes that meet your criteria and scheduling private home tours to
help you find that perfect home. Once that home is found, your Buyers Vantage
agent will negotiate for you the best possible price.
Buyers Vantage
has full access to ALL homes available in the Metro-Milwaukee and surrounding
areas. Buyers Vantage is even aware of "For Sale By Owner' properties and other
listings not on the MLS (Multiple Listing Service).
Placing An Offer
After you have found that perfect house, it is time to
put in your offer. It is important to understand completely the terms of the
Offer to Purchase. Wrong assumptions, poorly written or missing clauses, and
not understanding how the clauses affect the purchase, can lead to increased
costs or a void contract. An experience Buyers Vantage REALTOR can thoroughly
explain the agreement to you and help you fulfill your contractual obligations
or contingencies.
Home Inspections and Other
Contingencies
Home Inspection
Buying a home is a major
purchase. Most buyers typically spend just a half an hour looking at the home
during the showing. A home inspector takes the time to really investigate the
property looking in specific areas ensuring everything is safe. Isn't it worth
ensuring you will not be surprised later with deficiencies costing thousands?
Your REALTOR can recommend several reputable companies for you to choose from,
and will ensure the appropriate clause is inserted in the offer.
Other Contingencies
When making a home purchase, it is
important that your intentions are clearly and properly noted on your offer
contract to protect your interest. Your Buyers Vantage agent will ensure you
have an understanding of the contract, your obligations and make sure there is
appropriate language within the offer to ensure your intentions are clearly and
properly represented.
