MSN Real Estate wants to know: What is the best piece of advice you can give to home buyers?

I am compiling a top 10 list for a year-end column. I'm interested in tips covering everything from finding an agent to fining a neighborhood, securing a mortgage and negotiating on a home. My deadline is EOD Thursday for ideas. 


Thanks!
Melinda Fulmer
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 28 2012 - US
We think we've answered this question for you!
 
 

Replies (4)

I would say that one of the most important things for new home buyers to do is to make a budget. By doing this, they are able to determine themselves what monthly housing payment they are comfortable with. A home buyer can often be qualified for more than they can comfortably afford. Getting a pre-approval before starting shopping for a home is also a must.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 28 2012
If they are not paying cash, they need to be pre-aproved by a lender BEFOR shopping. 

Don't take the first agent that answers the phone.  Interview them like you would any employee.  Make sure they understand your needs/wants/budget/and areas of interest.  Make sure they are a FULL TIME agent. Too many part timers out there who don't have the time to show property when the client needs to. Buyers will lose out on a property in this market if they have to wait to see it.

If a buyer sees a home they are interested in, don't wait too long to make a decision. Homes are seilling quickly at or above list price in many cases.  Know the market and ask your agent  advise.   

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 28 2012
The best advice is to look for a highly-respected buyers agent.  Ask your family and friends for recommendations and then meet with several agents. Find someone that you feel comfortable with, feel you can trust and that has experience in the areas you are searching for your home. Be sure the agent sells Real Estate full time!  Ask the agent for references for buyers that they have helped within the past 6 months.  Once you have found someone you feel comfortable with, they will walk you through the process. The first thing they should suggest is that you sit down with a mortgage lender.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 28 2012
Work with a full-time Realtor that you are comfortable with and knows the market you wish to purchase in.  "Part-time Realtors" aren't good to work with (speaking from a professional to professional standpoint) because they usually are not available during normal business working hours--they are at their "real" job during that time.  I always call up the Realtors that submit offers to me, and if I cannot reach them as easily as I am reached I let the Seller know about it.  Does it influence their decision to accept an offer or not?  You better believe it...also a full time Realtor should be able to fill out all the documents correctly. I cannot tell you how many times I get residential purchase agreements with tons of errors--does that give me a solid confidence in that Realtor's ability to close escrow should we open it? Absoltuely not, and I let my seller know how I feel about it. Ultimately Sellers decide what chances they want to take, but maximize the chance of your offer being accepted with a good full time Realtor on your side.

Work with a loan officer you are comfortable with.  The Realtor will suggest you get pre-qualified with their contacts, but you do not have to use them.  Shop around, and have fun!

Best wishes from So-Cal and good luck
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 29 2012
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
Scams and Fraud
Profile picture for Michael Emery
Latest reply by Michael Emery
October 14 2010 | 75 answers
  • Posted by Russ Hatfield Jr.
  • In Home Buying
  • March 17 2010
buying a home
Profile picture for kmwall08
Latest reply by kmwall08
2 hours ago | 3 answers
Can a buyer put multiple offers?
Profile picture for user4364299
Latest reply by user4364299
7 hours ago | 8 answers
Are Manufactured Homes A Poor Choice in Housing?
Profile picture for Brandon Brown
Latest reply by Brandon Brown
8 hours ago | 19 answers
section 8 people buying homes?
Profile picture for sharjake8
Latest reply by sharjake8
2 days ago | 20 answers
  • Posted by Steven Pacchiano
  • In Home Buying
  • October 09 2010
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.