Eric Slifkin, REALTORĀ®
Need a new address? Start with ours! Treasure Coast Real Estate www.TreasureCoastHomesales.com Keller Williams Realty 819 SW Federal Hwy Stuart, FL 34994 O: 772-419-0400 M: 772-288-1765 Contact Me |
The Best Tips for Buying
Get a pre-approval letter. Home sellers want to know that you can get a loan to buy their home. It's OK to window shop, but don't make any offers unless you are certain you can obtain financing. After shopping around for a financial institution, get pre-approved for a home mortgage. Showing a seller a pre-approval letter will increase your chances of your offer being accepted. And don't be surprised if the seller or his real estate agent contacts your loan officer to verify that you've been pre-approved.Build a strong buying position. As the home market warms up, bidding wars will become more common. However, the highest bid doesn't always win in today's housing market. Instead, home sellers want to know the deal will go through with smooth sailing. So, today, the highest value is being placed on non-contingent offers (not contingent on the sale of your home), pre-approved financing, higher-than-normal earnest money deposit and personalized bids (share with the seller why the home would be a perfect match for you and your family).
Get a lawyer. In some states, the law requires that a real estate attorney be part of the process of making an offer and reviewing loan documents as part of the closing, according to FindLaw.com. Where a real estate attorney isn't required, buyers and sellers should consider seeking legal assistance for relatively more complicated real estate transactions, such as purchasing a property directly from the homeowner, the purchase of a rental property, a short sale or the purchase of a foreclosed property.