Should I use an agent for my home purchase?
While you absolutely do not have to use an agent for your home purchase, why not get expert advice if you can get it for FREE? An agent negotiates the deal on your behalf, assists you through the financing process, and has up-to- date market information to get you the best deal.
You can save yourself a lot of stress and wasted energy by finding a trustworthy experienced agent. An agent is more than qualified to help you with the entire home buying process. Give us a call now to get answers to your specific questions!
I’m buying a new home in a subdivision that has an onsite agent, do I still need an agent?
YES, The on-site real estate agent represents the builder / seller. They do not represent you. You need someone that will prepare you for the transaction, someone that is able to negotiate on your behalf and put YOUR best interest first.
What costs are involved with buying a home besides the down payment?
First of all, there are closing costs, which typically are less than 5% of the price of the home. You’ll also want to factor in inspection and appraisal costs. If you buy a condo or buy a home in a planned community, you may have to pay HOA fees or condo board fees. Lastly, you will now have to pay property taxes…on the plus side you will be able to deduct those costs on your taxes at the end of the year!
It is wise to use a real estate agent because your real estate agent can negotiate some of the closing costs in your contract.
Can I buy a home even if I have bad credit?
Today, since the housing collapse, lenders have tightened up credit standards. However, it is always best to speak with a mortgage lender to determine exactly what you can be approved for. There are a number of different loan types that don’t require a sterling credit score. In short, don’t rule out buying a home until you’ve talked to a professional.
Can I purchase a home with student loan debt ? Short answer, YES
Should I lease or lease to own?
The decision to lease vs. lease to own is dependent on many factors given one’s personal and family situation and goals. The best alternative may be for you to continue to rent and buy in the future. However, if housing prices continue to rise, they will pay more in a year than they would today. Maybe your lease is ending and you need to move now. Leasing to own would allow you to move into your home today. One that YOU have selected; not just another rental. And finding the home that you desire today allows you to not have to move again and go through the time and expense of having to move twice.
As your agent, we know that every potential client’s situation and home ownership goal is different given your income, time horizon, and family needs. At Centric, our goal is to provide options so that you can make an informed decision. And one that is right for you. Schedule a call with us to find out more about buying.