RE/MAX Westgate - Roger Held

Whether you've spent years saving and preparing to buy a property, or are unsure if you can afford it, the questions surrounding a property purchase can feel endless.

You can find the answers - and peace of mind - by working with RE/MAX, the industry leader in experience and service.

Hire a real estate professional.
The first step is to select a professional to help you find your dream property and fine-tune your financial expectations. Working with a buyer's agent is worth consideration since he or she is legally responsible for representing the buyer's interest in a real estate transaction.
Shop for mortgage rates and terms.
A difference of even half a percentage point can mean a huge savings over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 8 percent vs. 7.5 percent is about $35 per month. Over 30 years, that's $12,600.
Prequalify for a loan.
Your third step should be to get prequalified, which determines how much you can afford. It allows you to move swiftly when you find the right property, especially when there are other interested buyers. It also indicates to the seller that you are serious and really can afford to buy the property.
Define what you want.
The next step is to create a realistic idea of the property you'd like to buy. What features are most important to you? Make two lists: one of the items you can't live without and one of the features you would enjoy. Refine the lists as you look. It is also helpful to search online to see what is currently available on the market. Your real estate professional can then show you properties that meet your expectations.
Visit properties.
Now you're ready to visit properties. Ask your RE/MAX Associate to arrange showings, and keep track of the properties you've seen.
Know the features that help or hurt resale.
Road frontage and access to lakes & ponds, how much timber or income producing crops or CRP is on it. What type of hunting and how good it is.
Rate the properties you tour.
After touring each property, write down what you liked and didn't like. This will help narrow the field down.
Make an offer.
Once you've pinpointed your dream property, it's time to get serious about the financial and contractual side of the purchase. Your RE/MAX Associate will be a strong advantage since you and the seller have different goals.
Arrange for a home inspection if buying a home.
After your offer is accepted, set up a home inspection. It's common to find problems, including leaky roofs, cracked walls, insect infestations and foundation problems. Your real estate professional can help find a reputable inspector, and will negotiate to get you the most for your money once the inspector's report is final. If you negotiate repairs as part of the purchase, ask for a "walk through" before finalizing the paperwork. Ask your real estate expert about home protection plans, which may save you money in the near future.
Close.
Before your closing date, make sure you've made all necessary deposits and completed the paperwork - including mortgage, title, homeowners insurance and any other paperwork required by local or state governments.
Prepare for life in your new home.
Before rolling out the welcome mat, consider some moving basics: arranging for an alarm company, turning on electricity, water and gas, cleaning or replacing the carpet, and notifying your local post office of your new address. The best time for renovations is often before you move in.