Home Buying in Overland Park>Question Details

Erika Loza, Home Buyer in Overland Park, KS

how i can buy one of this propertys i am first time buyer and i got some cash available or pay in full one of this property?

Asked by Erika Loza, Overland Park, KS Mon Jan 4, 2010

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12
I would be happy to help you with this. I can walk you through the process and help you find the right property for you. You can either contact me through my website at: http://www.kscityhomes4u , or email me at: sandibeck@aol.com. You can also call me at: 913-449-6132. I'd be happy to help you.
0 votes Thank Flag Link Thu Mar 25, 2010
When you are ready you need to be Approved by a lender and the then with your commitment in hand meet with a Realtor. First of all a Mortgage Planner will educate you on what types of financing your are qualified, they will explain to you the conditions of your Approval and any underwriting stipulations that may need to be resolved. When you have a Commitment Letter in hand for your buyers agent selling agents will take you serious in negotiations because you have a Commitment based on verified credit, income, and assets. See my profile for more information on me and my contact information. Realtors love this type of buyer!
0 votes Thank Flag Link Wed Feb 24, 2010
Meeting with a buyers agent and a lender is the first step. Ask many questions and meet with them at their offices. You want an agent that is patient and proactive to be an advocate for you as a first time buyer. Many agents, myself included have multiple lenders that we can work hand in hand with to achieve your goal of home ownership. You should start the process right away so you don't miss out on the $8,000 tax credit. Visit my website to learn more about the tax credit as well as other great buyer resources at http://www.beckybrocksells4u.com. Also, check your credit score and make sure you qualify (a lender/bank can do that for you as well). There is a program available for people without great credit as well.
0 votes Thank Flag Link Thu Feb 4, 2010
Before you buy
look at my blog below. It shows a lot of things to look out for.
http://www.trulia.com/blog/dan_chase/2009/11/questions_i_wou…
0 votes Thank Flag Link Thu Jan 7, 2010
If you haven't interviewed Realtors, now is the time--before making any offers you need to know comps--recently sold similar properties in the immediate area, so that an educated bid can be made. Since you attached no links, I wonder if you are looking at foreclosures and or short sales--if so you really should consider using the services of a Realtor to look in your best interest. Have you spoken to your financial advisor, if not you may want to check in and see if it makes sense to buy in cash--this is a great time to buy, interest rates are low and don't forget about the $8000 tax credit.

Anna
0 votes Thank Flag Link Thu Jan 7, 2010
Hi Erika,

I love this! How smart to ask the question. Now is the perfect time for you since the 1st time homebuyer tax credit (up to $8,000) may be available to you if you qualify. Your first deadline is at the end of April to find a home. Potentially, that means a check sent to you by the government simply for buying a home. It doesn't get any better than that!

I think that I read your question as should you pay cash and purchase a property outright. If that is the case, I am fully in favor of owning paid in full, debt free real estate. If you think about it, everyone wants to pay their mortgage off. Debt equals risk. Can you imagine how secure you would feel if you have a home that is paid off and lose a job, or have another financial setback? You will not have to worry about making the mortgage payment, or possible foreclosure. Lower stress. With real estate being one of the best, and relatively safest investments - you can't really go wrong regardless of how you pay for it.

One of the biggest arguments that people give for financing property is that you would get the mortgage interest deduction. That is a really good benefit if you must finance it. But, if you have a choice, instead of simply paying the bank - let's say $4-5,000 a year just to get that deduction, why not write a check to your favorite charity for $4-5,000 and get the benefit of a charitable contribution to someone that can really use it. Either way, you can still deduct your property taxes and other costs when it's time.

While I happen to be a real estate agent, (& even if I weren't), my position would be the same. Find someone that you can trust to protect and guide you through the process since it may be the largest financial investment of your life. Then, if you can - pay cash for your American Dream. Good luck and have a great 2010!

Stacey Johnson-Cosby
0 votes Thank Flag Link Thu Jan 7, 2010
Erika,
Have you been preapproved? Have you even talked to a lender? I believe you need to do this so you know what you qualify for. Cash..How much? 3.5% will get you an FHA loan with the seller helping with the closing costs. There is so much to buying a property. I believe you also need to surround yourself with a knowledgeable Realtor that will take good care of you through the entire process. Together, the lender and the Realtor will lay out your options on what would be best for you Erika. My name is Becky Alumbaugh, The Diva Team, Reece and Nichols, #18 in the 2009 Kansas City Business Journal of The Top 25 Realtors. My website is http://www.kcdiva.com....beckya@reeceandnichols.com or 913-526-9313. Good luck!
Web Reference: http://www.kcdiva.com
0 votes Thank Flag Link Thu Jan 7, 2010
Erika,
The first step to do is to contact a realtor who can guide you through the whole process: get a pre-approval letter, submit an offer, inspection, following up with all the parties to make sure that you will be able to close on the house smoothly and on time.... If you need more explanation or if you have any question, feel free to contact me (NO OBLIGATIONS!!).
Manal,
Cel: 913-526-4341
email: mrouphael@kw.com
0 votes Thank Flag Link Tue Jan 5, 2010
Erika-

My name is Kevin Evans and I am a Realtor with Keller Williams Diamond Partners. The first step that you would need to do is contact me either by email at evanskcrealestate@yahoo.com or call me on my cell at 816-560-4095 so that I can meet with you and get you an approval from a lender if you are needing that assistance. The first time homebuyer tax credit is available until April 30th and that consists of up to an $8,000 tax credit based on the sales price of the home. I can explain this in more detail once we are able to sit down and meet and I can share with you everything involved in buying one of the homes that you like.

Thank You

Kevin Evans, ABR, CRS
Keller Williams Diamond Partners, Inc.
0 votes Thank Flag Link Tue Jan 5, 2010
Miss Loza;

which property are you interested in, how many bedrooms and what part of town. Those a only a few of the questions you will need to ask before jumping in to purchase a home. Please feel free to contact me if I may be of assistance.

D. Ben Edsall
Broker
Turn-Key Properties LLC
816-313-8876
http://www.turnkeyproperties.org
http://www.batescountyrealestate.com
http://www.tiffanyhouses.com
0 votes Thank Flag Link Tue Jan 5, 2010
My advise is for you to find a professional Realtor who can assist you through the entire home buying process. One of these steps is to have you pre-approved for your home loan with a reputable lender in order for you to know what price range you are qualified to buy in. There are a variety of loan programs which you may qualify for and it isa fairly simple process to get started. Feel free to contact the Sanford-Weaver Team at http://www.kchometeam.com and we will be happy to assist you in purchasing your first home!
0 votes Thank Flag Link Mon Jan 4, 2010
Please send me an email to dangoodwin@kw.com and let me know the best time to call you. I can then help you understand what you can qualify for based on your situation.

dangoodwin@kw.com
0 votes Thank Flag Link Mon Jan 4, 2010
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