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continued . . .
- 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. To become pre-qualified or if you have
other questions about prequalification and mortgages,
contact our Mortgage Specialist.
- Prequalify
for a loan.
Get prequalified by contacting our
mortgage specialist and filling out the appropriate
paperwork. Prequalification helps you determine how much you can
comfortably afford and which mortgage company will back your
loan. Prequalification also allows you to move
swiftly when you find the right home, especially when there
are other interested buyers. Prequalification also indicates
to all parties within a sale that you are ready to buy and
can afford
property within a specific range.
- Define what
you want.
Create a realistic idea of the kind property
you'd like to buy within the range you have prequalified for. What features are most important to you?
Make lists of the items you can and cannot live without and
refine the list as you
house hunt. Begin by signing up for our
Extended Listings Service.
You will have a chance to see what kinds of homes are
available in the privacy of your home or office. You
will also be automatically updated with new listings that
fit your requirements. When you are ready, a
Boston Real Estate Store
professional can show you the houses on your list that meet your
expectations.
- Visit
properties.
Now you're ready to visit houses. Ask your
Boston Real Estate Store agent to arrange
showings. Bring your list with you and keep track of the properties you've seen
and what you like about them.
- Know the
features that help or hurt resale.
In some areas, a swimming pool actually detracts from a
home's value and makes it harder to sell. In neighborhoods
with two-car, attached garages, a single-car or detached
garage may impact the home sale and future value. Your
Boston Real Estate Store professional can point
out features that hurt or help resale value.
- Rate the
houses you tour.
After touring
each home, write down what you liked and didn't like.
Develop a rating system that will help narrow the field
down. For example, pick the house(s) you liked best and
compare other houses to it. When you find a new favorite
use that as the standard. Keep all of your house
hunting notes in one briefcase and bring a camera along if
it will help jog your memory.
- Make an
offer.
Once you've pinpointed your dream house,
allow your Boston Real Estate Store
professional to guide you through the next steps toward your
purchase as you and the seller may different goals.
Fell free to contact our Mortgage
Specialist with any and all questions regarding the
financial and contractual side of you purchase.
- Arrange for
a home inspection.
After your offer is accepted, set up a home inspection.
Look for
common problems such as: leaky roofs, cracked
walls, insect infestations, foundation problems, wiring
issues, etc. Your
Boston Real Estate Sore 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.
- Inquire about
insurance.
Ask your Boston Real Estate Store
and Mortgage Specialist experts
about home protection plans, which will protect your home
and treasured belongings as well as those that may save you
money in the future.
- Inquire about all
real estate and mortgage processes.
Have complete discussions with your
Boston Real Estate Store and
Mortgage Specialist experts on what next steps will take
place. Then get duplicate copies of required documents
and take the time to read and complete necessary paperwork.
Also, prepare and make all necessary deposits and get copies
of all completed documents before your closing meeting.
- Close.
At your
final meeting, your Boston Real
Estate Store and Mortgage
Specialist experts will guide you through the entire
closing process. Before you meet with them, make sure
you've made all deposits and brought with you the necessary paperwork - including
mortgage, title, homeowners insurance and any other
paperwork required by local or state governments.
- Prepare for
life in your new home.
Once
everything is complete: notifying your local post
office of your new address. Then do a walk through of
your new home and arrange for an alarm company to install a
security system. You will have to turn on your
electricity, water and gas in your new home. At this
point you may arrange for a cleaning service and\or make renovations before you
move in. We can help you save loads of time, just
check out the Boston Real Estate Store
On-line Shopping Resource where you can order boxes and
other moving supplies. You can also lots of money by
ordering many small and large items from kitchen appliances
to yard fixtures on-line and having them shipped directly to
your new home. On-line stores don't pay the building
and facilities overhead that malls and other stores have to
charge you for and therefore can offer you considerably
discounted pricing.
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