Purchasing a Home, Investment Property, Building Lots or Land, Not sure where to begin?   

            Since buying a home or site may be one of the largest investments of your lifetime, it is our job to you to work for you "as your full-time sales associate", and assist you in finding a home or land, and also assist you in:

 

  • Finding the location you prefer, with the requirements you desire;

  • Obtaining information on other property from other agencies in the area of your choice;

  • Reviewing financial alternatives most suited to your financial abilities;

  • Reviewing with you the benefits as well as negative factors of each home in relationship to your desires;

  • Estimating settlement expenses for any home on which you make an offer;

  • Providing you names and telephone numbers of attorneys, contractors, or other  professionals from which you may choose (if you so desire) and if a need arises;  The actual selection of these professionals must be your choice.

  • Handling and explaining the entire procedure, including all detail work, negotiations and explaining all written documents;

  • Explaining the entire settlement process, and;

  • Accompanying you to the consummation of the sale, to assist in understanding legal documents, and the entire process;

  • Assisting you with pertinent information on local laws, ordinances, real estate taxes, schools, and location of other urban centers. 

Home Buying Questions!

What Can I Afford?

Knowing  what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have.  In general, lenders donít want borrowers to spend more that 28% of their gross income per month on a mortgage payment or more than 36% on debts.

It pays to check with several lenders before you start searching for a home.  Most will be happy to roughly calculate what you can afford and pre-qualify you for a loan.

The price you can afford to pay for a home will depend on six factors:

1.  Gross income

2.  The amount of cash you have for the down payment, closing costs and cash  reserves required by the lender

3.  Your outstanding debts

4.  Your credit history

5.  The type of mortgage you select

6.  Current interest rates

Another number lenders use to evaluate how much you can afford is the housing expense-to-income ratio.  It is determined by calculating your projected monthly housing expense, which consists of the principal and interest payment on your new home loan, property taxes and hazard insurance (or PITI as it is known).  If you have to pay monthly home-owners association dues and/or private mortgage insurance, this also will be added to your PITI.

 

Call us for all of your Real Estate Needs!