Are you a first time home buyer?
If you're a first time home buyer, or you haven't bought or sold a property in over three years, then please review the video presentation below. This 15 minute video details the 8
important steps to buying a home, and stresses the importance of becoming pre-approved for a loan now - even if you're not considering to move until 4-6 months from now.
Can I offer a low price? Our local real estate market remains fairly strong and condos or townhomes priced
under $185,000 will typically not have any trouble selling for list price. These properties will typically be in showroom condition, offer newer appliances, and have recent updates or fresh paint.
Can I receive closing costs? This depends on the condition of the property, the motivation of the seller, and how long the property has been on the market. There's been a lot of corporate and
bank owned properties for sale, which provide great opportunities for buyers. Typically, these homes sell for below market value and sellers are eager to help with your closing costs.
How long does it take to buy a home? If you become approved for a loan now, you can find and move into your new home in as little as 30 days. Any of my preferred
lenders will be happy to provide you with a free credit check at no cost or obligation.
What will a lender approve me for? Lenders use a simple formula in determining your "debt-to-income ratio." If you'd like to estimate your qualifying loan amount, click here.
