How to Find and Buy your Dream Home

Now that you have been prequalified for a loan or at least have a good idea of what you can afford, you can begin looking for your home. The most important thing to consider is location. You can change the house, remodel it to your tastes, rework the landscape or renovate but you can’t change the location. So make sure that the home is located where you will feel comfortable.

Ask yourself, is the property close to the schools you need, it is close enough to the stores you frequent, to churches or other places you like, and is it convenient for getting to work? Most of all make sure the property is located in a neighborhood that suits your lifestyle. If you are a city person, you may not like living deep in the woods, or next to a cattle farm. If you’ve lived in the country all your life, living in a townhome might not be for you.

Many home buyers are cruising the internet to find properties. Websites like Realtor.com© and Zillow.com© can help you locate potential homes on the market in the towns you want. Realtor.com© shows only those homes and land that are definitely for sale. Zillow.com© also lists potential homes that may come on the market. Read the fine print carefully. Many of the websites that offer foreclosure information for a fee may not have the most up to date and accurate information.

If you are local, the best thing to do it to make an appointment with an agent, preferably someone who knows and lives in the area. He or she can tell you about the town and show you what is available. If you give the agent permission, they can work with you and help you navigate the purchase of a home once you find the right property.

The next thing to do is to drive around and preview the homes you’ve picked out to see if they are located in the area where you want to live. You can do this with your REALTOR© or on your own. If you have visited with a real estate professional and they have given you their time or information on homes, it is common courtesy to return to that agent to show you the homes that interest you. They work on commissions and will appreciate your business.

Once you settle on your home, the next step is making a written offer on the home. If you have been prequalified you will l have the upper hand with negotiating a purchase. If you haven’t been prequalified your Realtor© can also help you by estimating closing costs and how much your payments will be.

On the Offer to Purchase, the REALTOR© will write down the terms you request and present it to the seller or to the agent representing the seller. Everything is written down, most importantly the purchase price, who will pay for what closing costs and items, and how you will want your name on the deeds. Once the terms are accepted, you are much closer to owning a home.

Visit www.azalearealestate.us to preview homes or contact Aleta Boudreaux at Azalea Real Estate Agency at 251-656-4576 for more information on how to buy a home or to tour homes in the area.

©Aleta Boudreaux, 2015

Things to Know Before You Buy a Home

Whether you are a first time home buyer or a seasoned real estate owner, buying ahome is a significant financial decision that requires some knowledge before you decide to buy a home.

Before you begin to look and fall in love with a house, the first thing you should do is get prequalified or preapproved by a lender. A lender can give you a prequalification letter that states the amount the lender thinks you should be able to borrow based on your income and credit without any actual documentation.

A seller will take you more seriously if your REALTOR® can tell them that you are ready to buy and have a preapproval letter from the lender. This means that you have actually completed the paperwork necessary to get financing. Talking with a lender will allow you to know the price range of properties you can afford and what types of loans are best for you in your financial situation. Most importantly if you have a problem with your credit or an error in your credit report, it will give you time to fix it before you make an offer on a home.

Your REALTOR® can recommend several lenders that you can speak with about financing and getting preapproved. This will save you time when you find your dream home and may speed up the process from accepted offers to closing day.

Once you know what type of loan you can get, you can start to look. Take advantage of social media and websites like realtor.com®, Zillow.com and your local REALTORS® website.

Armed with this knowledge and information you will have the upper hand with negotiating a purchase for your new home.

Visit us at www.azalearealestate.us to preview homes or contact Aleta Boudreaux at Azalea Real Estate Agency in Grand Bay 251-656-4576 for more information on how to buy a home or to tour homes in the area.

 

Aleta Boudreaux

About Aleta Boudreaux

 aleta

I grew up in the real estate business, riding around with my mother in the back seat of her pink Cadillac while she showed real estate to prospective purchasers and tromped over the back woods of southwest Mobile County. I learned about acres and metes and bounds before I could read and write. My grandfather was a real estate auctioneer and he helped to mark out Grand Bay’s land. So Real Estate is in my blood.I’m a Grand Bay native, born in Mobile and raised in Grand Bay. It’s my home and my town and I’m proud to represent our community both for Sellers and for Buyers. Our offices are in a Historic building in the middle of town. Come on by, we’ll treat you like family.

  • Years of Experience: 37
  • Specializations: Farms, Homes, Land
  • Areas Served: Bayou La Batre, Coden, Dauphin Island, Grand Bay, Irvington, Mobile, Saint Elmo, Theodore
  • Brokerage
    Azalea Real Estate Agency
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