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Should you be buying a home RIGHT NOW... If you are a first time home buyer, the answer is
yes.
If you are relocating, the
answer is
yes.
If you are a picky buyer and need another home, the answer is
yes.
Why do I say yes to all these scenarios?
1. Interest
rates are low.
2. Most homes are priced realistically. I can tell you if a fair price is being asked or if it is priced too high.
3. There are a lot of homes for sale. This high inventory
means that there is a very good chance that you are
going to find the home
you want at the price you
want.
Any one of the above alone is reason enough to buy a home, but put them all
together and you have a powerful force working in your favor. Hit the "Contact
Me" button above and tell me your goals. I can help.
The following is a list of Mortgage Loan officers that I have
personally worked with and have had very good results.
When searching for a lender for your home purchase, it is always a
good idea to get several comparison quotes.
If you already have a good relationship with a lender, call them as
well. You are free to use anyone you feel comfortable with.
Century Mortgage Company
Rhonda Raderer
Direct:(502) 753-4114
Cell: (502) 550-5463
Email -
rraderer@centurymortgagec
Can I get a great deal on foreclosures? Yes and No. You've probably heard from a friend, coworker or someone
else about what a great deal someone got on a foreclosure home. That may
be true or it may be only part of the story. Everyone is eager to tell
about their great deal and how smart they are in making a home purchase.
Very few people will run to tell about the lousy deal they just made.
Yes there are great deals that happen on foreclosure homes, but a
foreclosure home does not guarantee a great deal.
Don't assume that you are the only person interested in that particular
home. Many times you will be bidding against other interested parties.
The condition of the property and the current local market all have a
direct effect on the value of a home.
If you are buying at a public auction you typically will be required to
pay 10% of the final bid price at the close of the auction. The auction
company will usually allow an inspection of the property prior to the
sale, but you will be purchasing the property "as is". Make sure you
know what you are buying, there is very little opportunity to back out
of the deal. Check with you loan company and be aware of any property
defects that will prevent you from getting loan approval. Some lenders
are picky about the condition of the properties they will finance.
Foreclosures can be a great deal or a nightmare. Make sure you do your
homework on the property, the foreclosure process and get the blessing
of your lender prior to committing to a purchase contract. If you have
other questions, please give me a call or hit the
contact me button.
Know your budget. Get
pre-approved with a mortgage loan officer this will give you
an informed opinion on what you can afford. I can provide
you names of loan officers that have a proven track record
of helping buyers.
Most of the time you can do this initially over the
phone. This is a positive point to a seller, it lets them
know you are serious about buying a home and that you are
credit worthy.
I can help you gather
information on the true cost of home ownership - taxes,
insurance and closing costs. Don't forget to budget for
upkeep. Bear in mind that upkeep will vary depending on age
and condition of the home.
Know your neighborhoods and
decide where you want to live. Is it important to be close
to your job, schools or church? Or would you rather live in
a more secluded area? Talk to your potential neighbors and
visit the area during different times of the day.
Decide what kind of house
would work best for you. Will you be more comfortable in a
ranch, 2 story, patio home or a condominium? What are the
important elements in a home - a big back yard, a basement,
a large kitchen, a home theater, a garage? Keep a list and
make sure your Real Estate professional knows what you want!
If your search includes new homes, choose a reputable
builder and make sure you have in writing the costs are
included and what the allowances are and know that a new
house may cost a bit more than one that is pre-existing.
Kurt
Ehret