Buying A Home Is A Huge Investment So Ask Your Realtor Questions Before Moving Ahead With A Home Purchase.
Searching for homes in Chesapeake, Suffolk, Virginia Beach and Norfolk Virginia can feel like a daunting task. While it is fun and exciting if you are new to real estate, there are also a lot of decisions that need to be made. If you are just starting to look for a new home, there are a few things that you need to know before you make an offer on a house. The first thing that you need to do is find a local realtor. There are many local real estate agents that would be more than happy to help you find the house of your dreams. Oceanfront, waterfront, lot size, bedrooms, bathrooms, etc. If you have a lot of requirements when it comes to your real estate search it may take some time to find a home you feel like moving into that fits your wants, needs and budget. Once your local Realtor helps you find that home, it is time to sit down with them and talk about making an offer. This is a very important step in buying a home and there are a lot of decisions to be made. An important question that you should ask your realtor is if the asking price is reasonable. Your realtor should be able to answer this question by looking up recent real estate sales in the area. Your Realtor will be able to compare the listing to other houses that have recently sold in the area and are comparable to the home you are considering purchasing. If the asking price seems to be higher than other homes that are comparable, then you can talk with your agent about making an offer lower than the asking price. If the agent has had a conversation with the seller’s agent, then they may be able to tell you how motivated the seller is and how long they have been trying to sell the property. The more the motivation to sell, the more willing they will be to negotiate on price. You should also ask your realtor if the seller is willing to pay for closing costs. This is a big expense that not all buyers think about when they set out to find the home of their dreams and can blindside some owners and scare them away from buying a home. Buyers who want to find the best deal will want to ask their realtors about any and all help that they can get to offset the cost of the home. If there are issues that are present in the home that the seller has disclosed, you may want to have your realtor ask the seller to pay for repairs or offer money towards the repairs in order close the deal on the home. Finally, be sure that you ask your Lender how much money you will need to have upfront to purchase the home if your offer is accepted. Closing costs can vary, but they can give you an estimate so that you can determine if you are able to make an offer on the home you are interested in buying.
The Choose A Home Team with William E Wood and Howard Hanna has added a Free Homebuyer Education Class to the services offered. If you are moving to Virginia Beach or the Hampton Roads Area give us a call.
Don did a great job helping me find a home. He went above and beyond to help with all the paperwork. I didn’t have a printer so he let me borrow his at his house to get all the documents completed in a time. My experience as a first time buyer was awesome.
~ Eric, Real Estate Buyer