Hello Amanda. The first steps in buying a home are;
1. Making the decision to do so.
2. Developing a team (i.e. Real Estate Agent, Mortgage Advisor/Loan Officer, Attorney)
3. Get Pre-Approved through your Mortgage Advisor/Loan Officer
4. Determine your Budget & All the Financials
5. Relay your needs and wants to your Real Estate Agent
6. Begin House Hunting
7. Find the Home that you fall in love with
8. Make an Offer & Negotiate the Offer
9. Home Inspections
10. Contract Signings
These are the beginning steps of buying a home. If you would like a complete list, please email me at DeVonte.Williamson@cbmoves.com and I would be happy to provide you with a complimentary guide from the beginning to the exchanging of keys.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson
Licensed Real Estate Salesperson
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!... more
Also, Joe Suppa, you're completely wrong. My realtor in the first situation I mentioned was AWESOME - she was a hardworking, friendly lady who had the smarts to know that her services are more necessary for someone who does not want to take the time and effort to do their own research and legwork. I did not have a "bad taste in my mouth" from her whatsoever. I have found from much research, personal experience and witnessing other people's homebuying in the area that many agents are really unncessary if you are smart enough to do real research and put the time in. It's ridiculous to think that bringing in another person over and above the seller, possibly their agent, the buyer, the bank and the lawyer is going to save the buyer time or money - that agent is going to get their cut just like everyone else, even if it seems hidden in the cost of your house already. Also, the buyer has to wait everytime they want to know something from another party for their agent to contact said party and then get back to the buyer when the buyer could have just contacted the party on their own. The lawyer I used was extremely hands on, reviewed my house contract personally and was always available to speak with - as you stated you have to do research into who you work with; obviously YOU have a bad taste from working with a lawyer who was not well chosen. The lawyer's paralegals only did the grunt work; another partner (a lawyer, not a paralegal) within their office handled all the serious issues. A realty agent is not going to determine the legality of items in a contract like a lawyer will nor will they strike fear into the heart of a seller who tries to screw you over like a lawyer will. A lawyer also stands to gain significantly less money than your agent for the same amount of work (lawyer's fee for my experience $300, agent's commission had I had one at 3% - $1680).... more
hello Albert i know a great area in florida you can buy an house but it is not in orlando it is near it tho please contact me for an appointment you would have to come to nyc for an appointment or check with the office but please i can help you 9173704312... more
Other than the Internet access, my agent didn't seem to do much in this transaction. In the six months I had the house listed she never had a personal showing. There were five open houses and there were NO attendees for two of them. Even with this offer, I came down $35K (from a price point she told me was a realistic) and the sellers had only come up $10 leaving us $5K apart from my absolute floor....and instead of fighting for the last $5K for me,she told me how this was a young couple and first time buyers and I should come down some more, after all "it's just $5K". When I suggested we should end this relationship, she suddenly found some fighting spirit. I also now have a back-up offer that I ended up getting in place myself with another agent..she would have lost it had I not gottten involved..
Part of what I consider my job is not letting my clients know how much work I am doing in the background. One of my buyers, who dumped me when they were outbid for a property, will never know I was on the phone for about 3 straight hours trying to get their offer accepted. The stress level I had on that transaction, which never happened, was phenominal. I was paid $0 when they bought from someone else. Negotiations are very stressful, as is holding a deal together from the time an offer is accepted. Such as I'm sure this particular negotiation was for your agent. For pete's sake, you have a buyer, you're going into contract, and all you can do is badmouth your agent?!
Just FYI, as the listing agent, I rarely show your house myself. Most buyers find a house with thru an agent. Your listing agent may be working with 3 active buyers at a time. Their job is to tap into the buyers every other agent has, and they do that by networking, sending out emails to them, etc. As a listing agent I am not able to simply regurgitate a buyer out of the blue.
It's a shame that your agent chose to lie and say it was "illegal" to change the commission rate. Apparently she just didn't have the guts to tell you no. I hope she grows a set and memorizes what I posted previously: "This negotiation is between YOU and your buyer. We negotiated my commission when you signed the listing contract."... more
Sheryl has the right data, but I wanted to add some detail to the answers...
Most recent Census.gov stats indicate that the Buffalo MSA area had a vacancy rate of 7.2% in Q1 and 13.2% in Q2. Syracuse Ny is at 13.6%, Tampa and Richmond - 14%, Vegas 15%, Houston 17% and Orlando and JAcksonville 18%. When you consider rents vs acquisition price, you cannot go wrong in Buffalo.
Keep in mind that real estate is hyper local, and supply vs demand in areas of Buffalo (North Buffalo, Elmwood, Williamsville village) is quite low, resulting in a vacancy rate of less that 3%. We own properties in the best areas in WNY and do not have any current vacancies, and when we do, tenants are multiple and we have the pick of the litter when we choose to place a tenant.
Depending on your budget and your plan, work with a local Realtor who knows the market to ensure success!... more
Lots of advice from Florida agents. No one local, however.
Rentals are a good source of cash flow here, based on rents vs price acquisition cost. With numerous colleges here, as well as medical campuses, we get lots of renters in the better areas.
My suggestion is to speak to an agent who works in the areas you want to invest in, to give you an idea of they type of tenant you can expect, as well as what renta and prices you can expect to receive and to pay.
I would suggest purchasing near UB, Buff State and Dyouville. 20k properties will not attract good tenants, so you must recognize this...... more
Houses for sale under 10k will need repairs - probably heating, plumbing, bathrooms and kitchens - not to mention clean out, paint, drywall and landscaping.
Finding the property is no issue here. The managing of the rehab should be done by a licensed contractor, not a realtor. The letting (leasing) of the units should be done by a realtor. That's how I would go about it.
If you have the cash and the forethought to rehab properties across the pond, there is good money to be made. But you must be diligent in your interviewing. I know the areas that can benefit from a rehab, where some will not appreciate if you put in any money at all.
I suggest you contact some agents directly and discuss what you want out of a project. Then ask for references.
Good luck!... more
OI like the question but want to point out that in New York there are two items that must be pointed out before looking at property taxes, First we have the star program which discounts some of the property tax burden on school taxes for your primary residence this dicount can be as little as $400, but can almost cover the whole school tax for seniors with lower and limited incomes, easing this burden on homeowners, secondarily you must also recognize the quality of our schools in upstate near Buffalo, I am constantly dealing with customers moving in who are amazed at the quality of our school districts but secondarily dealing with many a customer moving out who has compared schools when moving out of the area, and instead of paying some extra in property taxes is paying much more to send their children to a private school elsewhere, I certainly think taxes are to high particularly on the property owner but still always point out that you must look at both the real costs after star and the quality for the dollars, if you are looking in New York State.... more