April 4, 2008

For home buyers, this is the “perfect spring."

In fact, for the first time in 30 years, home buyers can take advantage of low mortgage rates, combined with a large selection homes that are realistically priced.

By acting now serious buyers can take advantage of "priced to sell" homes and low interest rates still available to buyers with good credit. Know your options and working with a Realtor you can trust  will make this home buying experience successful.

- Know what you can afford: talk with a mortgage lender you trust or ask your Realtor for someone they trust and work with to know your options. Low downpayments are still available but realize that the more you can put down the lower your monthly payment will be.

- Do your homework to determine your wants and needs. Pick a neighborhood that will suit your lifestyle and family. Be realistic , flexible and willing to compromise when it comes to finding that "dream" home. Ask questions and find your options. Short Sales and Bank Owned Properties are a good buy if you have an agent that knows their stuff and can explain the in and outs of those transactions.

-Retain a good real estate sale agent who knows the local housing market. The right agent can make all the difference when it comes to negotiating the deal and help you with the details of buying a home. The right Realtor will help you understand the process and guide you through the transaction in a easy and professional manner. Your real estate agent will help you find the right attorney, home inspector and other professionals needed to close the deal.

- Don't forget that there are closing costs. From Insurance to Radon testing to recording fees, there may be many costs that buyers and sellers are required to pay at closing. Talk to your real estate professional to get an estimate of what your costs may be so there are no surprises on closing day.

This is a great time to buy a home and done right this spring can be the perfect time for you to realize that dream of homeownership. Get the facts and get moving.