Few things are as exciting as buying your first home. But before you become a homeowner, it's important to make sure you have a clear understanding of all of your monthly expenses so that you can determine what you can comfortably afford.
The right real estate agent – or the wrong one – can have a great deal of impact on not only the outcome, but the entire process of purchasing real estate. We at Dirt Road Realty firmly believe that the home buyer has a right to full and equal representation and service; just as the seller receives from a listing agent. Increasingly, as consumers learn how the real estate industry works, they are demanding the level of service that ONLY an Exclusive Buyer Agent is able to provide. The Exclusive Buyer Agent, therefore, is on the cutting edge of the real estate industry.
Should you buy that first home or remain a renter? It's a classic question made much more complicated by the housing market's recent crash. How do you know if you're ready? Will you be able to afford a mortgage, and all the fees associated with securing a loan and closing? And how can you tell if the local market has fallen as far as it's going to, and that you're not overpaying?
Dr Warren recently commented that the "Consumer Financial Protection Agency (CFPA) is not about saving people from themselves or limiting choices. It is about giving people the tools to make good choices." The same can be said of agency disclosure in real estate. If consumers were made aware of all the agency options when buying or selling a home, we trust that they will make the right decision.
Who is resenting the Buyer or Do you know who is working for you? One third of the buyers sign an agent representation disclosure
statement at the first meeting and one quarter do not sign the Disclosure Statement until the contract is signed.
I wrote in my last Dirt Road Realty News -- Could this be a local Bank Mortgage issue in Hyde Park, Millbrook, Red Hook, and Rhinebeck? It is always essential when analyzing the real estate market even if it is at a local Rhinebeck Area level to be aware of as many different opinions and insights for the macro real estate market.
A pre-approved mortgage ensures your financial information has been verified, and really puts real estate agents and home sellers at ease. At the same time, you're in control when making an offer to a seller. They'll know you're a serious buyer who's ready and able to make a deal.
This Disclosure Statement is not a warranty of any kind by the seller or by any agent representing the seller in this transaction. It is not a substitute for any inspections or environmental tests. In the alternative, the buyer's obligations should be conditioned on receiving satisfactory inspection reports.
1. Set a target date for moving into your home or buying those acres of land.
Wouldn't it be great to cook Thanksgiving dinner in a new house this year?
2. Do your homework to determine what you can really afford - have a realistic price point.
Taking time to educate yourself about buying real estate whether a home or land and doing your homework regarding the area you choose will be invaluable savings of time and money in the long run for you. It enhances your search to find the home that you desire meeting your specific needs.