Home mortgage Fishers IN Before you go too far in the process of buying a new home, it is essential to meet with a mortgage specialist to help pre-qualify you for a loan. By starting the pre-qualification process, you will be given a good idea of how much money you will be able to borrow. This information is crucial, so you can effectively search for the right home that is affordable to you.

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How To Save Thousands Of Dollars When You Buy A Home

You've Worked Too Hard For Your Money To Needlessly Give It Away!

When you're buying home, there are many important issues, large and small, that you should be aware of to maximize your buying strength. It is essential to be as informed as possible in order to properly prepare yourself in the process of buying a home. There are several issues that will certainly cost you, if you are not ready. With so many issues to consider, your first step is to consider choosing reputable and experienced professionals to represent your interests. When selecting your real estate agent, ensure you find someone who has extensive experience with the process. They should also refer you to a local real estate lawyer who can ensure your interests are protected.

If you're like most homebuyers, you have two primary considerations in mind when you start looking for a home. First, you want to find a home that perfectly meets your needs and desires, and secondly, you want to purchase this home for the lowest possible price.

When you analyze those successful homebuyers who have been able to purchase the home they want for thousands of dollars below a seller's asking price, some common denominators emerge. Although your agent's negotiating skills are important, there are three additional key factors that must come into play long before you ever submit an offer.

These Steps Will Help You Save Thousands When Buying A Home

Step #1: Make sure you know what you want.

As simple as this sounds, many homebuyers don't have a firm idea in their heads before they go out searching for a home. In fact, when you go shopping for a place to live, there are actually two homes competing for your attention: the one that meets your needs, and the one that fulfills your desires. Obviously, your goal is to find one home that does both. However, in the real world, this situation doesn't always occur.

When you're looking at homes, you'll find that you fall in love with two homes for entirely different reasons. Is it better to buy the 4-bedroom home with room for your family to grow or the one with the big eat-in kitchen that romances you with thoughts of big weekend family brunches? What's more important: a big backyard or proximity to your child's school? Far too often people buy a home for the wrong reasons, and then they regret their decision when the home doesn't meet their needs.

Step #2: Don't shop with stars in your eyes: satisfy your needs first.

If you're lucky, you'll find a home that does this and also fulfills your desires. The important thing is to understand the difference before you get caught up in the excitement of looking.

Step #3: Find out if your agent offers a "VIP Buyer Profile System" or "House-Finder Service".

These services take the guesswork out of finding just the right home that matches your needs. This type of program will cross-match your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this helps homeowners take off their rose-colored glasses and affordably move into the home of their dreams.

How Sellers Set Their Asking Price

For you to understand how much to offer for a home you're interested in, it's important for you to know how sellers price their homes. We've presented this information before from the seller's point of view, but it makes sense to repeat it here to help you understand what motivates the price sellers ask for.

Here are 4 common strategies you'll start to recognize when you begin to view homes:

Strategy #1: Clearly Overpriced.

Every seller wants to realize the most amount of money they can for their home, and real estate agents know this. If more than one agent is competing for your listing, an easy way to win the battle is to over inflate the value of your home. This is done far too often, with many homes that are priced 10-20% over their true market value. This is not in the seller's best interest, because in most cases the market won't be fooled. As a result, the home could languish on the market for months. This creates problems for the seller in that:

  1. The home is likely to be labeled as a "troubled" house by other agents, leading to a lower than fair market price when an offer is finally made.
  2. The sellers have been greatly inconvenienced with having to constantly have their home in "showing" condition... for nothing. These homes often expire off the market, forcing sellers to go through the listing process all over again.

Be wary of homes that have been on the market for a long time. This occurs most often because the seller's asking price is too high.

Strategy #2: Somewhat Overpriced.

About 3/4 of the homes on the market are 5-10% overpriced. These homes will also sit on the market longer than they should. There is usually one of two factors at play here: either the seller believes that their home is really worth this much despite what the market has indicated (after all, there's a lot of emotion caught up in this issue), OR they've left some room for negotiating.

Strategy #3: Priced Correctly at Market Value.

Some sellers understand that real estate is part of the capitalistic system of supply and demand and will carefully and realistically price their homes based on a thorough analysis of other homes on the market. These competitively priced homes usually sell within a reasonable time frame and very close to the asking price.

Strategy #4: Priced Below the Fair Market Value.

Some sellers are motivated by a quick sale. These homes attract multiple offers and sell fast - usually in a few days - at, or above, the asking price.

Discuss these sales strategies with your agent. Together, you'll be able to use this information to help you structure an offer that will motivate the seller and potentially save yourself a lot of money.

In summing up, by being aware of these and other issues, seeking advice from an experienced real estate professional and obtaining legal counsel, you can protect yourself against potential mistakes.

There Are “Real Estate Agents”… And Then There Are Real Estate Professionals.

Which One Do YOU Want Representing Your Interests?

The answers to the above questions should give you a good feel for the commitment and competency of the Realtor you're thinking about using. Remember that all Realtors are not the same!

Over the past few years, we have recognized this fact, which is why we wrote this special report and structured our practice around giving the most competent service possible.

There's a difference between agents who simply sell real estate and those who COMMIT to whatever it takes to serve a client beyond their expectations. We also make it a priority to educate you on every aspect of buying or selling a home in your area. We have a long list of past clients and professional references that you can call at any time to discuss the quality of our service and follow-up.

We have an unprecedented VIP Preferred Buyer Program that is unequalled by anyone in the industry. We have specifically designed marketing tracking systems for buying markets. Also we have a reporting system so that every client is regularly updated and informed.

We guarantee everything we do in writing. This places the burden of risk and performance on US, not you. Each day, we contact many people directly related to buying or selling real estate. We receive over 60% of our new clients through referrals and repeat business. Our personal marketing involves such outstanding and continued service to our existing clients and personal network; they are inclined to share our services with family and friends. We regularly attract new buyers and sellers through extensive advertising and marketing programs.

We Are Not Saying These Things To Impress You, But Impress UPON You The Difference Between A Realtor And A Competent, Dedicated Professional

Buying real estate can be tricky business. Selecting the wrong Realtor can cost you a lot of money, headaches, and wasted time.

By Not Acting Now, You Could Open Yourself To Losing Thousands Of Dollars

So call now at (317) 842-4191 and we will immediately arrange a convenient time to meet and share with you our exclusive buyer programs.