barre massachusett - Google News
barre massachusett - Google News
Google News
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12/31/1969 06:59 PM
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Crunch Assign C Higgins to Gladiators - MLN - The Raw Feed (blog)
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Crunch Assign C Higgins to GladiatorsMLN - The Raw Feed (blog)Higgins, 23, has appeared in six games with the Crunch this season and made his professional debut on October 3 at Wilkes-Barre/Scranton. ... |
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12/31/1969 06:59 PM
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GAR students' success rooted in culture - Wilkes Barre Times-Leader
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12/31/1969 06:59 PM
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Yudichak won't join GOP party - Wilkes Barre Times-Leader
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12/31/1969 06:59 PM
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Smith focuses on oil - Worcester Telegram
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12/31/1969 06:59 PM
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Crunch Assign Center Chirs Higgins To Gwinnett - OurSports Central (press release)
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12/31/1969 06:59 PM
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Spaulding junior to perform Schumann with the Philharmonic - Barre Montpelier Times Argus
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12/31/1969 06:59 PM
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Start Your Week Off Right!! Sign Up For Our Newsletter!! BKYI,MFLI,PSPF,GYPH ... - TMCnet
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12/31/1969 06:59 PM
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Solar project sought at gravel pit site - Worcester Telegram
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Solar project sought at gravel pit siteWorcester Telegram... most recent Central Massachusetts site proposed for a solar power project. William J. Regienus of Barre, site adviser for Scituate-based Ansar Energy, ... |
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12/31/1969 06:59 PM
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Engagements - SouthCoastToday.com
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EngagementsSouthCoastToday.comMr. Soares graduated from New Bedford High School and Wilkes University in Wilkes-Barre, Pa., where he earned his doctorate of pharmacy. ... |
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12/31/1969 06:59 PM
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Moose slide reaches six games - CANOE
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Moose slide reaches six gamesCANOEThe Moose, who also lost to Worcester on Wednesday now travel to Wilkes-Barre, where they will take on the Penguins Saturday night and Sunday afternoon to ...and more » |
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Trulia Real Estate Search - barre
Trulia Real Estate Search - barre
Trulia Search Results
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02/02/2010 03:00 AM
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Wauwinet Rd, Barre, MA 01005, $178,950 3 beds 2 baths
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1306 sqft 3 beds 2 baths property in Barre, MA
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01/25/2010 03:00 AM
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711 S Barre Rd, Barre, MA 01005, $239,900 3 beds 1.5 baths
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2000 sqft 3 beds 1.5 baths property in Barre, MA
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01/23/2010 03:00 AM
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565 Hubbardston Rd, Barre, MA 01005, $225,000 3 beds 1 bath
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1796 sqft 3 beds 1 bath property in Barre, MA
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01/22/2010 03:00 AM
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501 Hubbardston Rd, Barre, MA 01005, $219,900 4 beds 3 baths
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1728 sqft 4 beds 3 baths property in Barre, MA
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01/22/2010 03:00 AM
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Property, Barre, MA 01005, $149,900 4 baths
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4 baths property in Barre, MA
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01/19/2010 03:00 AM
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164 & 166 Main St S, Barre, MA 01005, $174,000 4 beds 2 baths
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2400 sqft 4 beds 2 baths property in Barre, MA
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01/18/2010 03:00 AM
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Property, Barre, MA 01005, $200,000 4 beds 2 baths
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2503 sqft 4 beds 2 baths property in Barre, MA
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01/12/2010 03:00 AM
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Cut Off Rd #L2, Barre, MA 01005, $59,900
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Property in Barre, MA
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01/07/2010 03:00 AM
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2 Williamsville Rd, Barre, MA 01005, $219,900 3 beds 1.5 baths
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1632 sqft 3 beds 1.5 baths property in Barre, MA
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01/07/2010 03:00 AM
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11 Oakham Rd, Barre, MA 01005, $229,000 3 beds 2 baths
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1344 sqft 3 beds 2 baths property in Barre, MA
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01/05/2010 03:00 AM
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Lot 18 57 Old Hardwick Rd, Barre, MA 01005, $175,000
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Property in Barre, MA
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12/31/2009 03:00 AM
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651 Worcester Rd, Barre, MA 01005, $224,900 3 beds 1.5 baths
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1662 sqft 3 beds 1.5 baths property in Barre, MA
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12/29/2009 03:00 AM
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386 Summer St, Barre, MA 01005, $185,000 4 beds 1 bath
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1376 sqft 4 beds 1 bath property in Barre, MA
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12/18/2009 03:00 AM
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Jackson Ln, Barre, MA 01005, $95,000 1 bed 1 bath
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588 sqft 1 bed 1 bath property in Barre, MA
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12/10/2009 03:00 AM
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19 Nelson Way, Barre, MA 01005, $395,000 4 beds 3.5 baths
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3600 sqft 4 beds 3.5 baths property in Barre, MA
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12/07/2009 03:00 AM
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1083 Old Coldbrook Rd, Barre, MA 01005, $219,500 3 beds 2 baths
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1468 sqft 3 beds 2 baths property in Barre, MA
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12/07/2009 03:00 AM
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L 2a Williamsville Rd, Barre, MA 01005, $229,900 3 beds 1 bath
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1104 sqft 3 beds 1 bath property in Barre, MA
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12/04/2009 03:00 AM
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56 Fruitland Rd, Barre, MA 01005, $199,900 3 beds 1.5 baths
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1930 sqft 3 beds 1.5 baths property in Barre, MA
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11/28/2009 03:00 AM
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Property, Barre, MA 01005, $129,900 2 beds 2 baths
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2 beds 2 baths property in Barre, MA
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11/18/2009 03:00 AM
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50 Pleasant St, Barre, MA 01005, $379,000 8 beds 5 baths
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3598 sqft 8 beds 5 baths property in Barre, MA
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11/17/2009 03:00 AM
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8 Sams Way, Barre, MA 01005, $219,900 3 beds 2 baths
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1344 sqft 3 beds 2 baths property in Barre, MA
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11/16/2009 03:00 AM
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Property, Barre, MA 01005, $213,138 3 beds 2 baths
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1144 sqft 3 beds 2 baths property in Barre, MA
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11/09/2009 03:00 AM
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319 Old Hardwick Rd, Barre, MA 01005, $249,900 3 beds 1.5 baths
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1685 sqft 3 beds 1.5 baths property in Barre, MA
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11/04/2009 03:00 AM
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1652 South St, Barre, MA 01005, $149,900 2 beds 1 bath
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1075 sqft 2 beds 1 bath property in Barre, MA
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10/23/2009 03:00 AM
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12 Oakham Rd, Barre, MA 01005, $199,900 2 beds 1 bath
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936 sqft 2 beds 1 bath property in Barre, MA
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10/21/2009 03:00 AM
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164 Main St S, Barre, MA 01005, $174,000 4 beds 2 baths
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2000 sqft 4 beds 2 baths property in Barre, MA
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10/19/2009 03:00 AM
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Worcester Rd, Barre, MA 01005, $167,000 3 beds 1 bath
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2938 sqft 3 beds 1 bath property in Barre, MA
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10/15/2009 03:00 AM
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398 Nichols Rd, Barre, MA 01005, $189,900 3 beds 1 bath
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1157 sqft 3 beds 1 bath property in Barre, MA
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10/07/2009 03:00 AM
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2 Old Stage Rd, Barre, MA 01005, $60,000
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Property in Barre, MA
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10/07/2009 03:00 AM
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Lot 1 Old Stage Rd, Barre, MA 01005, $60,000
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Property in Barre, MA
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10/02/2009 03:00 AM
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Lot 2 Sam Way S, Barre, MA 01005, $194,900 3 beds 2 baths
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1450 sqft 3 beds 2 baths property in Barre, MA
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10/02/2009 03:00 AM
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Property, Barre, MA 01005, $159,000 3 beds 1 bath
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3 beds 1 bath property in Barre, MA
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10/02/2009 03:00 AM
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Lot 1 Sam Way S, Barre, MA 01005, $189,900 3 beds 2 baths
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1458 sqft 3 beds 2 baths property in Barre, MA
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10/01/2009 03:00 AM
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81 Old Petersham Rd, Barre, MA 01005, $169,900 3 beds 1.5 baths
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1120 sqft 3 beds 1.5 baths property in Barre, MA
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09/22/2009 03:00 AM
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Lot B Adams Rd, Barre, MA 01005, $59,900
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Property in Barre, MA
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09/22/2009 03:00 AM
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Lot A Adams Rd, Barre, MA 01005, $52,000
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Property in Barre, MA
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09/15/2009 03:00 AM
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1466 Williamsville Rd, Barre, MA 01005, $299,900 3 beds 2 baths
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1882 sqft 3 beds 2 baths property in Barre, MA
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09/11/2009 03:00 AM
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Nelson Way, Barre, MA 01005, $79,900 2 beds 1 bath
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1172 sqft 2 beds 1 bath property in Barre, MA
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09/08/2009 03:00 AM
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46 Deer Run Cir, Barre, MA 01005, $229,000 4 beds 2 baths
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1642 sqft 4 beds 2 baths property in Barre, MA
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09/01/2009 03:00 AM
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School St N, Barre, MA 01005, $116,916 2 beds 1 bath
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890 sqft 2 beds 1 bath property in Barre, MA
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08/21/2009 03:00 AM
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965 Worcester Rd, Barre, MA 01005, $188,000 2 beds 2 baths
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1148 sqft 2 beds 2 baths property in Barre, MA
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08/15/2009 03:00 AM
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105 South St, Barre, MA 01005, $245,000 5 beds 2.5 baths
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3464 sqft 5 beds 2.5 baths property in Barre, MA
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07/27/2009 03:00 AM
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40-42 High St S, Barre, MA 01005, $129,000 4 beds 2.5 baths
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2436 sqft 4 beds 2.5 baths property in Barre, MA
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06/14/2009 03:00 AM
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Property, Barre, MA 01005, $139,500 8 beds 4.5 baths
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3158 sqft 8 beds 4.5 baths property in Barre, MA
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05/09/2009 03:00 AM
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Cole Pl, Barre, MA 01005, $74,900
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Property in Barre, MA
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05/07/2009 03:00 AM
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76 Union St, Barre, MA 01005, $339,915 8 beds 2.5 baths
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3930 sqft 8 beds 2.5 baths property in Barre, MA
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04/28/2009 03:00 AM
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26 Quinn Rd, Barre, MA 01005, $65,000
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Property in Barre, MA
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04/28/2009 03:00 AM
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Oakham Rd #L24, Barre, MA 01005, $65,000
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Property in Barre, MA
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04/03/2009 03:00 AM
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330 Springhill Rd, Barre, MA 01005, $389,999 4 beds 2 baths
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2688 sqft 4 beds 2 baths property in Barre, MA
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04/01/2009 03:00 AM
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L 5 Hancock Rd, Barre, MA 01005, $58,500
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Property in Barre, MA
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01/30/2009 03:00 AM
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675 Woods Rd, Barre, MA 01005, $229,900 4 beds 2.5 baths
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2900 sqft 4 beds 2.5 baths property in Barre, MA
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01/05/2009 03:00 AM
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8 Cutler Rd, Barre, MA 01005, $64,400
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Property in Barre, MA
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01/05/2009 03:00 AM
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1 Cutler Rd, Barre, MA 01005, $64,400
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Property in Barre, MA
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09/23/2008 03:00 AM
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137 Butterworth Rd, Barre, MA 01005, $234,900 3 beds 1.5 baths
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1400 sqft 3 beds 1.5 baths property in Barre, MA
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barre realty - Bing News
barre realty - Bing News
Search results
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02/08/2010 04:16 PM
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Worker Awarded $2.4 Million in Worplace Accident Lawsuit - Lawyers and Settlements
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Wilkes-Barre, PA: HVAC technician Robert Smith was recently awarded a $2.4 million in settlement of a lawsuit he brought against the owners of a warehouse he was working in when he injured himself. Mr. Smith fell into the gap between a prefabricated ...
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02/06/2010 11:35 PM
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Real Estate Notes - PITTSBURGH TRIBUNE-REVIEW
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• The University of Pittsburgh trustees budget committee approved $3.2 million to renovate the ground floor and basement of a building on Thomas Boulevard, Point Breeze. The building will be used for the mailing services and central receiving ...
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02/07/2010 04:00 AM
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Blum Bros. building will be demolished - Citizen's Voice
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in Wilkes-Barre was for sale with no buyers for more than two years ... Executive Officer Todd Vonderheid said the chamber has actively marketed the property with the help of Hinerfeld Realty, but issues like the structure's configuration and its ...
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02/04/2010 07:45 AM
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COURT NOTES PROPERTY TRANSACTIONS - Citizen's Voice
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estate) to Spangnuolo Realty LLC for $636,500; Plains Township ... Pennsylvania Housing Finance Agency (attorney in fact) to Kimberly Kay and Brian Kay for $71,500; Wilkes-Barre. HSBC Mortgage Services Inc. to Thomas D. Harding and Erin M.
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02/03/2010 04:55 AM
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12 Barrell lane Extension, York, Maine 03909 - VillageSoup Belfast
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Harborfront home retains much of its original charm yet recently updated. Perched on Fisherman's Walk, this 4,300 sq.ft. 17th Cent. gambrel enjoys a private location at end of small, rarely-travelled rd. Mooring & dock possibility enhance the value
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Yahoo! Search: barre properties
Yahoo! Search: barre properties
Search results for the query barre properties
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02/09/2010 03:25 AM
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Wilkes Barre Properties
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Homes For Sale, Commercial, Multi Family and Rentals In Wilkes Barre
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02/09/2010 03:25 AM
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Barre Recently Sold Properties — Trulia.com
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View Recently Sold Properties in Barre. Search Barre, Vermont real estate, recently sold properties, foreclosures, new homes, school information and much more on Trulia.
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02/09/2010 03:25 AM
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Barre Recently Sold Properties — Trulia.com
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View Recently Sold Properties in Barre. Search Barre, Massachusetts real estate, recently sold properties, foreclosures, new homes, school information ...
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02/09/2010 03:25 AM
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Your Source For Vermont Real Estate
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Helping people in Montpelier, Barre, Waterbury, Northfield and Rochester find the homes they want to buy. Let us help you find the home, condo, townhouse, or property ...
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02/09/2010 03:25 AM
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Wilkes-Barre properties have baggage | The Times Leader ...
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Developer Patrick Gildea, who owns several properties in downtown Wilkes-Barre, wants to donate some of those buildings for revitalization projects.
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02/09/2010 03:25 AM
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Sba Properties, Wilkes-Barre, PA : Reviews and maps - Yahoo! ...
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Sba Properties, Wilkes-Barre, PA : Reviews and maps - Yahoo! Local, 570.822.5604. Get Ratings, Reviews, Photos and more on Yahoo! Local.
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02/09/2010 03:25 AM
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Barre Sold and Off-Market Marinas on LoopNet.com
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Get Barre Marina Property recent sales comparables, Barre commercial real estate news, commercial real estate loans and more at LoopNet...
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02/09/2010 03:25 AM
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Wilkes-Barre hotels, Scranton, Pennsylvania: Scranton Hotel Guide
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Expedia.co.uk: Choose from over 17 hotels in Wilkes-Barre Scranton, Pennsylvania. ... This Wilkes-Barre property is located near Wachovia Arena. Another regional point of ...
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02/09/2010 03:25 AM
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Wilkes-Barre hotels in Scranton, Pennsylvania
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This Wilkes-Barre property is located near Wachovia Arena. ... This Wilkes-Barre property is located near Wachovia Arena. Another regional point of ...
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02/09/2010 03:25 AM
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Some Barre property owners win, some lose in reappraisal ...
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Some Barre property owners win, some lose in reappraisal appeals ... BARRE – Barre's Board of Civil Authority recently wrapped up another round of reappraisal-related appeals ...
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| National Association of Realtors
From Wikipedia, the free encyclopedia
(Redirected from National Association of Estate Agents)
Jump to: navigation, search
This article is about a real estate trade association. For general information about real-estate brokers in the United States, see Real estate broker.
Look up realtor in
Wiktionary, the free dictionary.
National Association of Realtors building on New Jersey Ave, NW, Washington DC
The building is triangular in shape, due to the configuration of the streets which border it.
The NAR building and the U.S. Capitol in the background.The National Association of Realtors (NAR), whose members are known as Realtors (re(?)lt?r; -?tôr), is North America's largest trade association.[1] representing over 1.2 million members[2] (as reported November 2008), including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. NAR also functions as a Self Regulatory Organization for real estate brokerage. The President of NAR for 2009 is Charles McMillan.[3]
Contents [hide]
1 Overview
2 Trademark status
3 NAR and Multiple Listing Service (MLS) systems
3.1 NAR educational requirements and recognized designations
4 Contributions to political campaigns
5 Radio
6 Other national real estate associations
7 See also
8 References
9 External links
Eight steps to selling your home
Define your needs. Write down all the reasons for selling your home. Ask yourself, "Why do I want to sell and what do I expect to accomplish with the sale?" For example, a growing family may prompt your need for a larger home, or a job opportunity in another city may necessitate a move. For your goals, write down if you'd like to sell your house within a certain time frame or make a particular profit margin. Work with your real estate agent to map out the best path to achieve your objectives and set a realistic time frame for the sale.
Name your price. Your next objective should be to determine the best possible selling price for your house. Setting a fair asking price from the outset will generate the most activity from other real estate agents and buyers. You will need to take into account the condition of your home, what comparable homes in your neighborhood are selling for, and state of the overall market in your area. It's often difficult to remain unbiased when putting a price on your home, so your real estate agent's expertise is invaluable at this step. Your agent will know what comparable homes are selling for in your neighborhood and the average time those homes are sitting on the market. If you want a truly objective opinion about the price of your home, you could have an appraisal done. This typically costs a few hundred dollars. Remember: You're always better off setting a fair market value price than setting your price too high. Studies show that homes priced higher than 3 percent of their market value take longer to sell. If your home sits on the market for too long, potential buyers may think there is something wrong with the property. Often, when this happens, the seller has to drop the price below market value to compete with newer, reasonably priced listings.
Prepare your home. Most of us don't keep our homes in "showroom" condition. We tend to overlook piles of boxes in the garage, broken porch lights, and doors or windows that stick. It's time to break out of that owner's mindset and get your house in tip-top shape. The condition of your home will affect how quickly it sells and the price the buyer is willing to offer. First impressions are the most important. Your real estate agent can help you take a fresh look at your home and suggest ways to stage it and make it more appealing to buyers. * A home with too much "personality" is harder to sell. Removing family photos, mementos and personalized décor will help buyers visualize the home as theirs. * Make minor repairs and replacements. Small defects, such as a leaky faucet, a torn screen or a worn doormat, can ruin the buyer's first impression. * Clutter is a big no-no when showing your home to potential buyers. Make sure you have removed all knick-knacks from your shelves and cleared all your bathroom and kitchen counters to make every area seem as spacious as possible.
Get the word out. Now that you're ready to sell, your real estate agent will set up a marketing strategy specifically for your home. There are many ways to get the word out, including: * The Internet * Yard signs * Open houses * Media advertising * Agent-to-agent referrals * Direct mail marketing campaigns In addition to listing your home on the MLS, your agent will use a combination of these tactics to bring the most qualified buyers to your home. Your agent should structure the marketing plan so that the first three to six weeks are the busiest.
Receive an offer. When you receive a written offer from a potential buyer, your real estate agent will first find out whether or not the individual is prequalified or preapproved to buy your home. If so, then you and your agent will review the proposed contract, taking care to understand what is required of both parties to execute the transaction. The contract, though not limited to this list, should include the following: * Legal description of the property * Offer price * Down payment * Financing arrangements * List of fees and who will pay them * Deposit amount * Inspection rights and possible repair allowances * Method of conveying the title and who will handle the closing * Appliances and furnishings that will stay with the home * Settlement date * Contingencies At this point, you have three options: accept the contract as is, accept it with changes (a counteroffer), or reject it. Remember: Once both parties have signed a written offer, the document becomes legally binding. If you have any questions or concerns, be certain to address them with your real estate agent right away.
Negotiate to sell. Most offers to purchase your home will require some negotiating to come to a win-win agreement. Your real estate agent is well versed on the intricacies of the contracts used in your area and will protect your best interest throughout the bargaining. Your agent also knows what each contract clause means, what you will net from the sale and what areas are easiest to negotiate. Some negotiable items: * Price * Financing * Closing costs * Repairs * Appliances and fixtures * Landscaping * Painting * Move-in date Once both parties have agreed on the terms of the sale, your agent will prepare a contract.
Prepare to close. Once you accept an offer to sell your house, you will need to make a list of all the things you and your buyer must do before closing. The property may need to be formally appraised, surveyed, inspected or repaired. Your real estate agent can spearhead the effort and serve as your advocate when dealing with the buyer's agent and service providers. Depending on the written contract, you may pay for all, some or none of these items. If each procedure returns acceptable results as defined by the contract, then the sale may continue. If there are problems with the home, the terms set forth in the contract will dictate your next step. You or the buyer may decide to walk away, open a new round of negotiations or proceed to closing. Important reminder: A few days before the closing, you will want to contact the entity that is closing the transaction and make sure the necessary documents will be ready to sign on the appropriate date. Also, begin to make arrangements for your upcoming move if you have not done so.
Close the deal. "Closing" refers to the meeting where ownership of the property is legally transferred to the buyer. Your agent will be present during the closing to guide you through the process and make sure everything goes as planned. By being present during the closing, he or she can mediate any last-minute issues that may arise. In some states, an attorney is required and you may wish to have one present. After the closing, you should make a "to do" list for turning the property over to the new owners. Here is a checklist to get you started. * Cancel electricity, gas, lawn care, cable and other routine services. * If the new owner is retaining any of the services, change the name on the account. * Gather owner's manuals and warranties for all conveying appliances.
How to price to sell and still make a profit
The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your real estate agent's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price that the market will bear but won't leave money on the table.
Here are some points to consider: Time. Time is not on your side when it comes to real estate. Although many factors influence the outcome, perhaps time is the biggest determinant in whether or not you see a profit and how much you profit. Studies show that the longer a house stays on the market, the less likely it is to sell for the original asking price. Therefore, if your goal is to make money, think about a price that will encourage buyer activity (read: fair market value).
Value vs. Cost. Pricing your home to sell in a timely fashion requires some objectivity. It's important that you not confuse value with cost - in other words, how much you value your home versus what buyers are willing to pay for it. Don't place too much emphasis on home improvements when calculating your price, because buyers may not share your taste. For instance, not everyone wants hardwood floors or granite countertops.
Keep it simple. Because time is of the essence, make it easy for the buyers. Remain flexible on when your agent can schedule showings. Also, avoid putting contingencies on the sale. Though a desirable move-in date makes for a smoother transition between homes, it could cause you to lose the sale altogether.
Understanding the buyer
As the seller, you can control three factors that will affect the sale of your home:
* The home's condition
* Asking price
* Marketing strategy
However, it's important to note that there are numerous other factors that influence a buyer, and you need to understand these consumer trends when you enter the sellers' market. The more your home matches these qualifications, the more competitive it will be in the marketplace. Your real estate agent can advise you on how to best position and market your home to overcome any perceived downsides.
Location
Unfortunately, the most influential factor in determining your home's appeal to buyers is something you can't control: its location. According to the National Association of REALTORS(r), neighborhood quality is the No. 1 reason buyers choose certain homes. The second most influential factor is commute times to work and school.
Size
While some buyers want to simplify their lives and downsize to a smaller home, home sizes in general have continued to increase over the decades, nearly doubling in size since the 1950s. Smaller homes typically appeal to first-time home buyers and "empty nesters," or couples whose children have grown up and moved out.
Amenities
Preferences in floor plans and amenities go in and out of fashion, and your real estate agent can inform you of the "hot ticket" items that are selling homes in your market. If your home lacks certain features, you can renovate to increase its appeal, but be forewarned: That's not always the right move. Using market conditions and activity in your neighborhood as a gauge, your agent can help you determine whether the investment is likely to help or hinder your profit margin and time on the market.
Eight important questions to ask your agent
Qualifications are important. However, finding a solid, professional agent means getting beyond the resume, and into what makes an agent effective. Use the following questions as your starting point in hiring your licensed, professional real estate agent:
Why did you become a real estate agent?
Why should I work with you?
What do you do better than other real estate agents?
What process will you use to help me find the right home for my particular wants and needs?
What are the most common things that go wrong in a transaction and how would you handle them?
What are some mistakes that you think people make when buying their first home?
What other professionals do you suggest we work with and what are their credentials?
Can you provide me with references or testimonials from past clients?
Eight steps to buying your home
1. Decide to buy.
Although there are many good reasons for you to buy a home, wealth building ranks among the top of the list. We call home ownership the best “accidental investment” most people ever make. But, we believe when it is done right, home ownership becomes an “intentional investment” that lays the foundation for a life of financial security and personal choice. There are solid financial reasons to support your decision to buy a home, and, among these, equity buildup, value appreciation, and tax benefits stand out.
Base your decision to buy on facts, not fears.
If you are paying rent, you very likely can afford to buy
There is never a wrong time to buy the right home. All you need to do in the short run is find a good buy and make sure you have the financial ability to hold it for the long run
The lack of a substantial down payment doesn’t prevent you from making your first home purchase
A less-than-perfect credit score won’t necessarily stop you from buying a home
The best way to get closer to buying your ultimate dream home is to buy your first home now
Buying a home doesn’t have to be complicated – there are many professionals who will help you along the way
2. Hire your agent.
The typical real estate transaction involves at least two dozen separate individuals – insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout.
Seven main roles of your real estate agent
A Buyer’s Real Estate Agent:
Educates you about your market.
Analyzes your wants and needs.
Guides you to homes that fit your criteria.
Coordinates the work of other needed professionals.
Negotiates on your behalf.
Checks and double-checks paperwork and deadlines.
Solves any problems that may arise.
Eight important questions to ask your agent
Qualifications are important. However, finding a solid, professional agent means getting beyond the resume, and into what makes an agent effective. Use the following questions as your starting point in hiring your licensed, professional real estate agent:
Why did you become a real estate agent?
Why should I work with you?
What do you do better than other real estate agents?
What process will you use to help me find the right home for my particular wants and needs?
What are the most common things that go wrong in a transaction and how would you handle them?
What are some mistakes that you think people make when buying their first home?
What other professionals do you suggest we work with and what are their credentials?
Can you provide me with references or testimonials from past clients?
3. Secure financing.
While you may find the thought of home ownership thrilling, the thought of taking on a mortgage may be downright chilling. Many first-time buyers start out confused about the process or nervous about making such a large financial commitment.
From start to finish, you will follow a six-step, easy-to-understand process to securing the financing for your first home.
Six steps to Financing a Home
Choose a loan officer (or mortgage specialist).
Make a loan application and get preapproved.
Determine what you want to pay and select a loan option.
Submit to the lender an accepted purchase offer contract.
Get an appraisal and title commitment.
Obtain funding at closing.
4. Find your home.
You may think that shopping for homes starts with jumping in the car and driving all over town. And it’s true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long – if weeks go by without finding what you’re looking for, the fun can fade pretty fast. That’s why we say that looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms.
Questions to ask yourself
What do I want my home to be close to?
How much space do I need and why?
Which is more critical: location or size?
Would I be interested in a fixer-upper?
How important is home value appreciation?
Is neighborhood stability and priority?
Would I be interested in a condo?
Would I be interested in new home construction?
What features and amenities do I wasn’t? Which do I really need?
5. Make an offer.
When searching for your dream home, you were just that – a dreamer. Now that you’re writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective o your market. The three basic components of an offer are price, terms, and contingencies (or “conditions” in Canada).
Price – the right price to offer must fairly reflect the true market value o fthe home you want to buy. Your agent’s market research will guide this decision.
Terms – the other financial and timing factors that will be included in the offer.
Terms fall under six basic categories in a real estate offer:
Schedule – a schedule of events that has to happen before closing.
Conveyances – the items that stay with the house when the sellers leave.
Commission – the real estate commission or fee, for both the agent who works with the seller and the agents who works with the buyer.
Closing costs – it’s standard for buyers to pay their closing costs, but if you want to roll the costs into the loan, you need to write that into the contract.
Home warranty – this covers repairs or replacement of appliances and major systems. You may ask the seller to pay for this.
Earnest money – this protects the sellers from the possibility of your unexpectedly pulling of the deal and makes a statement about the seriousness of your offer.
6. Perform due diligence.
Unlike most major purchases, once you buy a home, you can’t return it if something breaks or doesn’t quite work like it’s supposed to. That’s why home owner’s insurance and property inspections are so important.
A home owner’s insurance policy protects you in two ways:
Against loss or damage to the property itself
liability in case someone sustains an injury while on your property
The property inspection show expose the secret issues a home might hide so you know exactly what you’re getting into before you sign your closing papers.
Your major concern is structural damage.
Don’t sweat the small stuff. Things that are easily fixed can be overlooked.
If you have a big problem show up in your inspection report, you should bring in a specialist. If the worst-case scenario turns out to be true, you might want to walk away from the purchase.
7. Close.
The final stage of the home buying process is the lender’s confirmation of the home’s value and legal statue, and your continued credit-worthiness. This entails a survey, appraisal, title search, and a final check of your credit and finance. Your agent will keep you posted on how each if progressing, but your work is pretty much done.
You just have a few preclosing responsibilities:
Stay in control of your finances.
Return all phone calls and paperwork promptly.
Communicate with your agent at least once a week.
Several days before closing, confirm with your agent that all your documentation is in place and in order.
Obtain certified funds for closing.
Conduct a final walk-through.
On closing day, with the guidance of a settlement agent and your agent, you’ll sign documents that do the following:
Finalize your mortgage.
Pay the seller.
Pay your closing costs.
Transfer the title from the seller to you.
Make arrangements to legally record the transaction as a public record.
As long as you have clear expectations and follow directions, closing should be a momentous conclusion to your home-searching process and commencement of your home-owning experience.
8. Protect your investment.
Throughout the course of your home-buying experience, you’ve probably spent a lot of time with your real estate agent and you’ve gotten to know each other fairly well. There’s no reason to throw all that trust and rapport out the window just because the deal has closed. In fact, your agent wants you to keep in touch.
Even after you close on your house, you agent can still help you:
Handle your first tax return as a home owner.
Find contractors to help with home maintenance or remodeling.
Help your friends find homes.
Keep track of your home’s current market value.
Attention to you home’s maintenance needs is essential to protecting the long-term value of your investment.
Home maintenance falls into two categories:
Keeping it clean: Perform routine maintenance on your home’s systems, depending on their age and style.
Keeping an eye on it: Watch for signs of leaks, damage, and wear. Fixing small problems early can save you big money later.
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