Buying Tips, First Time Buyer, The Buying Process, Tips For the Buyer, Uncategorized

Closing Checklist Items

Prior to closing, you will need to arrange to have utilities transferred into your name for the day of closing/next day.  Be sure to check in with school for protocol on transferring  / registering a student.​

Log additional information for non-essentials but good to know items here too!​

  1. Electricity Company:  ________________________________ ​
  2. Water Company:  ____________________________________​
  3. Sewage Company:  __________________________________​
  4. Gas Company:  ______________________________________​
  5. Oil Company: _______________________________________​
  6. Trash Company:  ____________________________________ ​
  7. Trash Pick-Up Dates:  _________________________________​
  8. Internet / Phone / Cable Provider : ______________________​
  9. Alarm System: ______________________________________​
  10. Sprinkler Company: __________________________________​
  11. Pool Service: _______________________________________​
  12. Landscaping Service:_ ________________________________​
  13. Solar Panels: _______________________________________​
  14. Pest Control Service: _________________________________​
  15. Well Service: _______________________________________​
  16. Elementary School:  __________________________________​
  17. Middle School:  _____________________________________​
  18.  High School:  _______________________________________​
  19. Extra Notes:  _______________________________________ __________________________________________________ __________________________________________________​
Buying Tips, First Time Buyer, Offer & Acceptance, The Buying Process, Uncategorized

After the Offer!

  • Request & Review the Property Condition Disclosure Statement.​
  • Did you observe any repairs? What will they cost? Are the sellers willing to share the cost?​
  • How long has the home been on the Market?​
  • What is the current market status? Is it a Buyers / Sellers market?​
  • Are there multiple offers in?​
  • What is the sellers situation? Have they identified their next location? Think of your timeline needed.​
  • Ensure it meets the items on your wish list? You can change cosmetic things, but you CANNOT change location or property size.  Also, adding / changing layouts of rooms will require more time and money.​
  • Prepare the Contract of Sale (your offer) & your agent will submit it!​
  • Upon receipt from the seller, negotiations will begin.  A seller can do any of the following while they work to obtain the most solid offer to get their house sold. They can…​
  • Counter your offer.  This can volley back and forth (while the home remains on the market!)​
  • Accept your offer.​
  • Reject your offer with no counter.​
  • Ask for your Highest & Best. This is typically when multiple offers are in.  ​
  • Timing & Deadlines will unfold for the ​
    next steps​
  • Real Estate Professionals should be​
    Lined Up for the next steps​
  • I will help you through it all !​
Buying Tips, First Time Buyer, Offer & Acceptance, The Buying Process, Uncategorized

The Offer Process

  • Request & Review the Property Condition Disclosure Statement.​
  • Did you observe any repairs? What will they cost? Are the sellers willing to share the cost?​
  • How long has the home been on the Market?​
  • What is the current market status? Is it a Buyers / Sellers market?​
  • Are there multiple offers in?​
  • What is the sellers situation? Have they identified their next location? Think of your timeline needed.​
  • Ensure it meets the items on your wish list? You can change cosmetic things, but you CANNOT change location or property size.  Also, adding / changing layouts of rooms will require more time and money.​
  • Prepare the Contract of Sale (your offer) & your agent will submit it!​
  • Upon receipt from the seller, negotiations will begin.  A seller can do any of the following while they work to obtain the most solid offer to get their house sold. They can…​
  • Counter your offer.  This can volley back and forth (while the home remains on the market!)​
  • Accept your offer.​
  • Reject your offer with no counter.​
  • Ask for your Highest & Best. This is typically when multiple offers are in.  ​
  • Timing & Deadlines will unfold for the ​
    next steps​
  • Real Estate Professionals should be​
    Lined Up for the next steps​
  • I will help you through it all !​
Buying Tips, Choosing An Agent- Buyer, First Time Buyer, Renting vs. Buying, Researching to Buy, Tips For the Buyer, Uncategorized

Before You Start House Hunting

Consider…..​

  1. Is owning a home right for you?​
  2. Have you determined the desired location? ​
  3. What is your lifestyle? Condo / Single Family / 55+​
  4. Are you financially prepared for the purchase? ​
  5. Have you considered the costs of home ownership​
  6. Have you established credit & credit history?  ​
  7. Have you planned on a down payment? 20% is a misconception! Beyond a down payment, you will need prepaid items & closing costs (seller concessions can help to offset the closing costs) ​
  8. What are your current & immediate future needs?​
  9. What is your current situation- Renting / Own / Family​
  10. Speak to a mortgage professional! They can let you know if your credit history / score is sufficient (and guide you if it isn’t)!  They will calculate your affordability based on debt to income ratio (and guide you if you need to improve it to obtain a higher budget)!  They will assist you… ​
  • By reviewing documents & getting you Pre-Approved !​
  • Advise of down payment needed & cash for closing ​
  • Provide estimated monthly mortgage payments​
  • Advise you of mortgage types that exist and what you qualify for​
  • Advise on the conditions of the loan that you will need to satisfy prior to closing​
  • Your closing time frame​
  • Remain in constant contact with you through your purchase!​
  • Advise you on what to do and NOT to do during the purchase – ie change jobs, make large purchases, open new credit accounts, etc.​
  • Be a KEY part in your purchase! ​
  • Help you with all of your mortgage needs!​
Buying Tips, Choosing An Agent- Buyer, Researching to Buy, The Buying Process, Uncategorized

Buyer Questionnaire

No matter where you are in the buying process- just researching, ready to look, ready to purchase, you are going to need to know what it is you are looking for. Searches many times evolve.  But thinking about what you may want and knowing what you are initially starting with, helps significantly in the process and can reduce the amount of time you spend actively looking.

Initially, you begin looking online and driving by listings or through neighborhoods.  That is a great first step.  This however, is very different than physically walking through homes.  Every home is different in design/structure and every person has different uses for the home.

Sit down and think about your use for the home and what it is you need for your life.  Using the below sheet (there is a jpg and pdf printable), you may be able to identify some items to focus on.

I always tell my clients, you can change paint and flooring, you can do some remodeling with walls, however, you can’t change the location or the property lines.  Adding rooms will require additions to be put on down the line as well.

As you are going through homes, you will begin to narrow it down.  You will sometimes wish that you could take the kitchen from one home, the yard from a second home and the pool from a third home and then one day, it’ll click.

When agents are working for you searching for listings, we type in your parameters which gives us the results to share with you.  The biggest ones are generally: Township(s), Bedrooms, Bathrooms, Garage, Basement, Budget.  As I said, when you start going inside homes, you may realize that the 4 bedrooms your search started with, is too big or too small for your family.  It’s a process.  I try and keep it as stress free as possible 🙂

 

buyer questionnaireNJ Real Estate Buyer Questionnaire – Printable PDF