Home Buying 101 – Preparation

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Home Buying 101—Preparation

 

As the New Year moves on more and more people are turning their attention to buying a home whether it be their first or their next. As the weather warms the market will only get busier and competition for the most desirable homes will only increase, so it really does pay to be prepared to make an offer on that home of your dreams. If you wait until you find that perfect house to start the home buying process chances are you’ll miss out to those that are prepared to make an offer.

However, if you follow the tips we have laid out here you’ll be ready to put your best foot forward when the time comes to purchase-

 

  • Find a real estate agent who is well established in your area with a great If you live in Snohomish County an agent from Seattle won’t know the area nearly as well as a local agent would and of course the closer the agent is to the area you’re considering the faster response time will be when you want to take a look at a home. Once you have an agent they can help walk you through the following steps. Remember, they work for you and it’s in their best interest for you to find a home that you love.

 

  • Get your credit in the best shape The vast majority of homebuyers utilize some type of financing when they purchase and whomever you choose for financing will determine whether you qualify for a loan and at what rate you will be charged interest by your credit score. So, the first step is for you to find out what your credit score actually is. You can either pay for your credit report or you are entitled to one free credit report a year through Annualcreditreport.com. Once you get your report you can look for  damaging errors as well as deal with negative marks to raise your score.

 

  • Consult a mortgage lender and get pre-approved. Do this as early as A lending professional can help you work through your current financial status and credit history and determine how much home your can afford and qualify for. Once this is established you can target homes within your price range with confidence. Quick tip- most mortgage lenders can provide a copy of your credit report if you need help on that step.

 

  • Consider your needs before you start looking at Sit down and make a list of features your new home absolutely must have as well as those that would make it unlivable. Knowing these things will save you a ton of time and frustration and you can present them to your agent to avoid any confusion. The process should also include a discussion on budget—your lender can help you get specific monthly payment information for a given home price.

 

  • Consider the investment potential of the Did you know that the average homeowner changes homes after nine years? Of course the most important thing to judge your potential home on is how it fits your unique needs but it also doesn’t hurt to think about what it will be worth when it comes time to move on to your next home. This is another area in which a well-established local real estate agent can help. With their knowledge of the specific market and it’s history they should be able to provide you with the information needed to make a well informed decision.

 

If you’re ready to take that first step toward finding the home of your dreams, feel free to contact us here at Selling Snohomish—we’d love to help you!   – Michael Larson

 

10 Things NOT to do when buying a home

We as real estate agents see issues that ‘kill’ a home buying transaction or severely impact a transaction due to the buyers behavior before purchasing a home and during the transaction. So follow these tips, if you are a buyer, to make your transaction as clean and smooth as possible. Contact us if you have any questions.

Tips for Buyers for a smooth transaction
Tips for Buyers for a smooth transaction

A Picture is Worth a Thousand Words

A couple of weeks ago we got a call from an agent who has a home for sale in the same neighborhood where we recently sold a home for full price very quickly, and he asked how were able to get the our price. We didn’t do anything unusual to sell this home and told him so. Out of curiosity we looked up the home on the MLS. What we saw was very surprising! The pictures were terrible!

90% of the time a homebuyer first sees a home online. The only things they have to go off are the pictures and a brief description. A 2010 Redfin study showed homes that are professionally photographed get 61% more online views and sell for between $934-$18,819 more than homes shot by an amateur. When it comes to real estate photography, a picture can be worth thousands dollars.

Below are pictures we found on our local MLS.

 

Bad Listing Photo 4

Bad Listing Photo 3

 

Bad Listing Photo 1

Bad Listing Photo 2

 And my personal favoritethe winner is!

 

 

Below are pictures taken by our photographer Mary.

 

4 bedroom

2 back yard

1 bathroom

3 closet

Which photos would you like to represent your home?

When your are ready to buy, sell, or invest give us a call.

OPEN HOUSE in Bothell

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Just Listed!

Open House in Bothell located near Mill Creek Town Center

 

Townhouse
Stunning home in Bothell

Remodeled home with open kitchen, living & dining room. New wood grain tile on main, gas fireplace, new window treatments, & wired in surround. Kitchen features eating bar and new appliances. New fixtures & lighting. Enormous master with vaulted ceilings, private deck, dual closets & master bath. Fenced back yard w larger patio & flower beds overlooks green space. 2-car garage. Minutes to Mill Creek Town Center & surrounding amenities. Open House this Fri 3/20 3pm-7pm & this Sat 3/21 12p-6pm

 

Call us!  206-686-9345

 

There are no schools near by this property.

First Time Homebuyers – Tackling the Challenges

Buying a home for the very first time can be exciting, nerve-wracking, pleasant or unpleasant and you might get unwanted headaches if you are not well advised by an experienced real estate broker, like our team leader, Joe Platz.  Our team does the best it can to advise first time homebuyers, from making the same mistakes as other new homebuyers and avoiding crashing a whole transaction process. Learn what you need to avoid and. Here’s a infographic and then you can register with us for our next First Time Homebuyers seminar on March 13, 2015 at the Keller Williams Everett Office.

First Time HomeBuyer Pitfalls

Snohomish County Real Estate Update – From Joe Platz @ Selling Snohomish

Curious about what is happening in Snohomish County with the real estate market? Click below to get Joe’s personal perspective on prices, rates and our innovative resources to keep you in the know.

Just Listed – This home has everything!

This home was everything!. Distinctive 2 story with newer remodel. Add your personal touch to make this one home. Main floor features 2 bedrooms, hardwood floors in living, dining & kitchen + brick fireplace. Renovated kitchen with granite counters & gas cook-top. 2 Full sized baths w extensive tile. Efficient living features: vinyl windows, gas H2O & heat pump (AC!) Cedar deck off family room. Over-sized Garage + Carport & expanded driveway. The larger lot is fenced w fruit trees, garden space & RV parking.

To learn more visit www.SellingSnohomish.com or call us at (206) 686-9345