Line up your finances:
Take a look at your financial situation. This includes everything from how much you plan on putting down as well as what you are comfortable spending on a monthly basis for your mortgage payment. Once you begin this process, it is a wise idea to refrain from any larger expenditures as this can affect the amount of a loan that you apply for.
Consult with a Mortgage Broker:
Once you have an grasp of your personal finances, reach out to a mortgage broker and find out exactly what you will qualify for in regards to an amount of a loan. Your broker will also give you a pre-approval letter stating this amount. This letter is important as it will accompany your offer when that time comes.
Viewing Properties for Sale:
Once you have determined what you can comfortably afford, then we will set up searches for properties. Consider things like bed/bath count, square footage size as well as exactly where you want to be looking. Each town offers different amenities and accessibility. I can be a great resource in helping you decipher which towns may fit your criteria best based on my knowledge and experience.
Crafting an Offer to Purchase:
Once we locate the property that you wish to make an offer on, we will need to move quickly. I will provide you along the way with current comps in each town we look in that will help affirm the best offer for us to negotiate. Having a strong handle on the market will help you best move swiftly through the offer process and give you the best chance at getting the home you want.
Hiring a Home Inspector:
The best way to know more details about the home is hiring a professional inspector. They will give the home a thorough exam and alert you of the current condition along with any future repairs that are necessary. This will help you budget for the future or negotiate the terms of your deal if there are larger or unanticipated work to be done.
After the home inspection process it is time to solidify all terms with a formal agreement. Commonly referred to as the “P&S” the Purchase and Sale agreement will identify all of the terms and conditions of the deal. The deposit monies should be paid along with the signing of this document. These funds will be held in escrow until released the day of your closing.
Prepare your home with staging:
Arranging your home so it is best to show might not be the way you live in it day-to-day. However, the right staging and placement of furniture can really help showcase your home so that every buyer sees its true potential.
Keep it Clean and Fresh:
Cleaning and staging are not just for the photos that we will take. We typically will plan on having broker and public open houses in addition to showings throughout the time it is on the market. Ensuring it is in pristine condition will again help showcase it in its best light. In addition, be sure to take care of any deferred maintenance items. Freshening up paint, professionally cleaning your carpets or any other of the like will also give the impression you want to all prospective buyers.
Don’t forget the Exterior:
It is the first thing and the last thing all who visit your home will see. Freshly painted front doors, clean lobbies or foyers and well-landscaped yards are the kinds of things that everyone will be seeing. A great first impression goes a long way as well as the image they will take with them when they leave.
Pricing it Right:
Pricing a home is not always easy. It is based on many things like active comps, sold comps and of course location and condition. I will assist you with data on homes on the market as well as my professional opinion on your particular home’s desirable attributes so that you can arrive at the most appropriate price to go to the market with. Selecting the right price initially is important as the majority of the traffic seen on a listing is within the first couple of weeks. It is best to capitalize on presenting the best price to this large and captive audience.
Business of relationships
Even if you aren't ready to get started, we've learned that it's never too early to stay in touch. One of the most consistent messages we receive from clients is how helpful it was to be adequately prepared before buying or selling. While it might not be time to write an offer or put the sign up, there is always time to talk about what is happening in the market and strategize about a move. Countless clients have taken advantage of this opportunity by getting in touch with us often months before and said it was integral to their understanding and level of confidence when it was time to pull the trigger.