Factors That Can Guide You In Your Decision Making When It Comes To Buying A Real Estate

The entry to the real estate market is complicated.  Whether you are buying your first home, a second home, vacation house, a resort or other real estate properties,  there are many things to be considered.  Before making a final decision in the purchase,  it is important that you are armed and fully equipped with the essentials.
The following factors will aid you in decision making:

Finances. Compute all the necessary calculations properly. Be able to check your credit status by calculating your debt to income ratio.

Before you start looking , establish what you can afford first. This way, you won’t feel sad knowing that the property you like is way out of the budget.

Mortgage.  Shop around for the best real estate interest rates.  Talk to at least five real estate agents or brokers and compare their offers. Find a type of mortgage that best fits your needs. As much as possible,  avoid mortgages with adjustable rates.  Get a real estate mortgage that is already approved by the bank.

Real Estate Agent. Ask family members and friends for a referral.  Someone already trusted from a real estate company can be a good try.  
Search the web for one that is already established or have a good name in the business. Time is saved when the agent has a variety of home listings to offer.

Once your capacity to get a new home is established,  you now have a good idea of what kind of home is worth buying.  Then, you may now start to find the right house by doing the following:

1. Take pictures and keep a copy for each home that you visited or surveyed.  After the tour,  be sure to take down notes.  List the benefits and unique qualities of each home. This can become a very useful tool when you make your final decision.

2. Gather information and make surveys about the neighborhood either through the internet, personal referral or personal visit.  
Consider crime rate, school ratings and accessibility as basics in looking for a good location.

3. Decide on a good price to offer and be ready for a counter offer.  Rely on your real estate agent like Scottsdale AZ Real Estate to make the necessary bargains . If you have special request, discuss this before signing the Agreement, not after you have signed it.

4. Establish the deal. If anything unexpected comes up,  make sure that you can cancel or renegotiate anytime. Make certain that all the necessary papers are complete,  the loan process clearly understood and the down payment and other processing fees ready when needed.

5. Review the papers repeatedly  prior to closing.  Meeting the owner or seller would be preferable before signing all the paper work.

These basics will surely help you get through the complicated process of purchasing a new home like Scottsdale Homes.  The Scottsdale Real Estate will guarantee a smooth and easy process for you in your choice of a new home.

About the author

Sherry Fields Sherry Fields has been working in real estate since 2002. Working with the development team for the Hilton Garden Inn gave her strategic information on the commercial real estate market in Missoula. Broadening her scope she moved into the residential market and earned the designation SFR in short sales and foreclosures. Currently affiliated with Prudential Montana Real Estate, she works with both buyers and sellers "building relationships so you can buy & sell with confidence". Sherry Fields has recently earned the CREN designation - Certified Real Estate Negotiator. While price is a large part of negotiation - it is also about timing everything from the closing date to inspections, appraisals, home insurance - and it is about negotiating items that can show up in home inspections to achieve a mutually acceptable outcome.

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