If you are thinking it is your time to purchase a new home, your very first stop will be to the lender’s office to determine what type of loan you qualify for and how much the banking institution is willing to loan you.
Spartanburg, SC (PRWEB) December 20, 2016
One of the favorite parts of most real estate agents’ jobs is helping people find their dream home. “Watching your face light up as we pull up to the home that may soon become yours is nothing short of miracle magic,” said Olivia Ott, of The Ott Group at Keller Williams. “However, there are things to know before you buy that dream home.”
For people considering buying a new home, Ott lists the following five tips they need to know beforehand:
No. 1: Understand your wants and needs. “Understanding your wants and needs even before financing will prove to be a crucial step in this process, so if you haven’t yet done so, write those things down,” said Ott. “If you’re really not sure how to start, simply ask yourself why you want a new home, what your motivation is, where you want to live, or when you want to relocate.”
No. 2: Know what you want vs. what you can get. “If you are thinking it is your time to purchase a new home, your very first stop will be to the lender’s office to determine what type of loan you qualify for and how much the banking institution is willing to loan you,” added Ott.
No. 3: Expect an emotional roller coaster. “Buying a new home can be all sorts of things and it more than likely will be happiness, sadness, anger, anxiety and remorse,” stressed Ott. “These can and most likely will be emotions you go through on this journey. There is so much at play here that understanding this process is 100% necessary to move forward effectively.”
No. 4: Get an appraisal. “After putting in an offer and submitting all the necessary paperwork to contract your new purchase it is time to put your trust into the appraiser’s hands as he or she confirms how much the property is worth,” said Ott. “The appraiser’s job is to make sure that what the home was contracted at is really what the value is.”
No. 5: Partner with the right real estate company. “It is crucial that you work with a real estate company that prides itself on quality and customer service,” concluded Ott. “A reputable agent is going to have preferred partners to work with that will help you navigate through the world of options and paperwork.”
About Olivia Ott, The Ott Group, Keller Williams
Olivia Ott brings a wealth of knowledge and expertise about buying and selling real estate. She offers a custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market. For more information, please call (864) 237-8337, visit http://www.oliviaott.kwrealty.com, or follow The Ott Group on Facebook.
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