Can you give some tips to buy a home?

Asked by Jan Weldon, Clifton, NJ Sun Mar 18, 2012

Help the community by answering this question:

+ web reference
Web reference:

Answers

10
Reema Sharma, Agent, Glen Oaks, NY
Sun Mar 18, 2012
BEST ANSWER
Speak with a loan officer once you know your price range find a local agent
2 votes
Cristian Nav…, Agent, Nutley, NJ
Sun Mar 18, 2012
In my opinion the 3 most important things in buying a home are:

1.) Find out how much you can afford. Everyone has an idea for how much they want to spend, but is that really how much you can afford. There are lots of websites out there that can help you calculate some rough figures, but if in doubt contact a Mortgage Rep and know for sure.

2.) Figure out what you need. How many bedrooms and bathrooms do you need? Do you need a garage? Big Backyard? Everyone wants to have it all, but what are your specific needs. This will give you a better idea of what to look for in a home.

3.) Figure out where you want to live. Part of this goes with #2 below, but its important enough to be a stand alone point. Good schools, easy commute, active community. Every town rates differently on these 3 factors. Figure out what your primary needs are and then find a community that matches it.

If you have questions or concerns on any of these please feel free to contact me directly.
----------------
Cristian Navas
Coldwell Banker Franklin Realty

office: 973.235.1312
cell: 973.902.7242
email: cristian.navas@coldwellbanker.com
website: http://www.navaslistings.com

"Tambien hablo espanol si lo prefiere."
1 vote
Gina Chirico, Agent, Fairfield, NJ
Sun Mar 18, 2012
Hi Jan,

The first step is to speak with your bank or local mortgage lender to determine how much money you are qualified to borrow and you should know and be comfortable with how much you want to spend on housing each month - sometimes this numbers are not the same. Once you are issued a pre-approval you will know what price range to look in.

Second step is finding a real estate agent to work with. We all know with just the stroke of a few keys, you can find myriad resources on the Internet to help you in your search for a new home. Besides property listings, you can find out about specific communities, schools and mortgage options. A real estate agent's role is more than someone to drive you around from property to property. Agents know the local areas including home values, schools, taxes, etc. Agents also provide tremendous moral support :).

In choosing a town or towns, I recommend that you start with writing down a list of what is important to you in a town. What are you looking for in the community? What are your needs? Your family's needs? Maybe you're unsure of the answers which is common. Some things of importance when a town(s) may include: the school system, location, commute to New York, home values and property taxes, crime rate and impression. The same town and neighborhood you saw during the day can be a totally different at night.

What would make a home - your best home? Create a home shopping list. http://ginachiricorealestate.com/uploads/home_buying_shoppin…
Determine your needs and your wants. Its common for home buyers to make the mistake of misinterpreting a WANT as a NEED and sometimes dismiss homes that perfectly fit their NEEDS in search for one that has their WANTS. This doesn't mean that you cannot have what you desire in your home but sometimes your WANTS will try to sneak their way into your NEEDS and you need to be able to tell the difference. Most of the time its your budget thats the determining factor. Keep in mind that the WANT items are things that you would like to have but are NOT essential, things you can live without or that you can change over time.

Once you find a property, making an offer, attorney review period, inspections, etc. would follow but the above are the beginning steps.

Below I've posted some resources that go into more detail and in support of what I posted above.

http://ginachiricorealestate.com/Your_Best_Town.html
http://ginachiricorealestate.com/BuyingaHome.html

If you have any questions, don't hesitate to reach out to me. I cover Essex, Morris, Passaic and Union Counties.

Good luck,

Gina Chirico, Sales Associate
Lattimer Realty
973-715-1158 cell
973-575-6353 ext 17 office
Gina@GinaChiricoRealEstate.com
0 votes
Diane Glander, Agent, Spring Lake, NJ
Sun Mar 18, 2012
Get preapproved so you know what you can afford.
Find a good local, full time agent who you like. Trulia is a great place to look for one.
Keep your emotions out of it.
Don't be afraid to put in offers on many houses. It may take some time for you to find one at the price you want to pay.
Good luck!
Web Reference:  http://www.dianeglander.com
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sun Mar 18, 2012
If purchasing with a mortgage, be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therfore if you haven't done so yet, visit with any licensed loan officer. Work with an agent of your own, he/she will be your best guide and can provide you suitable listings, any necessary information, schedule showings, etc.
0 votes
George Conkl…, Agent, Fairfield, CA
Sun Mar 18, 2012
WELCOME TO THE WORLD OF INVESTING IN YOURSELF AND BUYING A HOME;
STEP 1 IS TO GET PRE-APPROVED FOR A MORTGAGE; THIS WAY YOU WILL KNOW WHAT YOU CAN AFFORD TO PAY; USUALLY QUALIFY FOR MORE THANYOU WANT TO SPEND, ASSUMING YOU ARE A FIRST TIME BUYER, WHICH IT SOUNDS LIKE YOU ARE; ALSO YOU WILL FIND OUT HOW MUCH CASH YOU NEED TO HAVE AVAILABLE TO COMPLETE A PURCHASE, WITHOUT STRESS;
STEP TWO IS TO PICK NO MORE THAN 3 TOWNS YOU WANT TO LIVE IN, BECAUSE WITHOUT FOCUS, YOU CAN'T ACHIEVE YOUR GOALS;
STEP 3 WOULD BE BE INTERVIEW A COUPLE OF REALTORS ABOUT BEING YOUR BUYER'S AGENT AND REPRESENTING YOUR BEST INTEREST;
STEP 4 WILL BE TO SELECT A REALTOR TO WORK WITH, FROM THE INTERVIEWS; SO THEY CAN GUIDE YOU THROUGH THE STEPS AND BE OF SERVICE TO YOU;
STEP 5 WOULD BE TO PICK A COUPLE STYLES OF HOMES THAT ARE MOST APPEALING TO YOU, FIT YOUR NEEDS AND FOCUS ON THOSE WITH YOUR AGENT;
STEP 6 WOULD BE TO ESTABLISH A -WISH LIST- OF WHAT YOU WOULD EXPECT YOUR NEW HOME TO HAVE AND OFFER TO YOU;
WILL BE MORE THAN HAPPY TO REVIEW THIS AND OTHER THINGS WITH YOU, IF YOU WISH;
GEORGE "SERVICE" CONKLIN 973-248-9293 JERSEYGEORGE@AOL.COM
REALTY EXECUTIVES -OFFICE- 973-575-6700
0 votes
Scott Godzyk, Agent, Manchester, NH
Sun Mar 18, 2012
Your first step should be to meet with a local and trusted loan officer. They can prequalify you at no cost and let you know if there are any mortgages you quailify for. They can than let you know what sales price range to loo in, what your monthly paymets will be and what the cost of the mortgage will be, You can then hire a buyer broker who can assist you through each step of the buying process.
Web Reference:  http://www.ScottSellsNH.com
0 votes
Jim Starwalt, Agent, Grayslake, IL
Sun Mar 18, 2012
Two things,
1) be patient, look around, if the home you are doesn't feel right, think about it a little longer before putting an offer.

2) don't be afraid to put in an offer, even on the first home you look at! If it feels right and your agent has shown you the market comps and agrees with the price, condition and location, then buy it! Trust your gut, but use your agents advise!

And have fun! It's a great time to be a buyer!
Jim
0 votes
Joe Cordova, Mortgage Broker Or Lender, Marlton, NJ
Sun Mar 18, 2012
I would prepare all the documents you will need to not only get a pre-qualification, but a pre-approval. That way you know exactly what you will qualify for, and what mortgage programs are available to you.

Watch this short video to learn more.
http://realestatemarbles.com/jscordova/2011/06/24/pre-approv…

Joseph S. Cordova NMLS# 146855 http://www.joecordova.com
Lincoln Mortgage Company
8003 Lincoln Drive West, Suite F
Marlton, NJ 08053
direct fax: (206) 333-0946
cell: (856) 304-2381
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Sun Mar 18, 2012
Speak to a lender to find out if you can borrow money and how much. Then speak to a Realtor about what that amount can buy in the area you want to live. Go from there.
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Clifton Zip Codes

Email me when…

Learn more