May18 Written by:mikewest
5/18/2008 1:11 PM
When I originally wrote this article it was for my own personal site and it was titled "What to Do After You Prequal?" When reading through the list of things I've suggested check out how many are done for you by signing up for the Repo Tours. So what should you do after you prequal....SIGN UP FOR THE REPO TOURS!
Here's the article from www.therealestatefrontlines.com:
Well, I’m an equal opportunist and an avid Men’s Health reader…You’re probably thinking that there is something wrong with me for starting my entry with that sentence, but I must tell you it will all make sense. The previous post was a guide for homeowner’s on making improvements to their homes that would bring value. And in this entry I’m going to provide buyers with some tips on what to do once they’ve gotten their prequal letter and are ready to look for a home. (If you don’t know what a prequal letter is you can click here and find out all about it!) So here we go:
1.)Use a REALTOR®:
A REALTOR® will be able to show you property and negotiate for you. While reading, a Men’s Health article I came across a reference to “real estate agents” and hiding material facts to close a deal. (See I told you it would come together) I thought this was crazy, one for being raised in a household with a REALTOR® and a Broker and two for being a REALTOR® myself. We are bound by a code of ethics and are often more educated than a “real estate agent.” Though I will be honest; you will still be able to find a REALTOR® who is fraudulent and unethical, so choose wisely. Interview the person who is going to help place you in your part of the American Dream, it can save you a lot of hassle.
2.)Find the "Right" Location
What I mean by this is find the right location for YOU. I’ve heard that the three key words in Real Estate are: location, location, location. That may be true, but don’t place yourself in a neighborhood with a great reputation if you can’t afford it and be able to live happily. Work within your means and build from there. I know this might be a little different than what you might have been used to hearing, but I think it’s important and will make homeownership more rewarding.
3.) Schools
If you have children, do a thorough check on the schools in the area and if you come to find that the schools your child(ren) will be attending aren’t what you are looking for, check with the district on transfers or bussing. This is important because a happy child, doing well in school makes for happy and more relaxed parents!
4.) Stake-Out
This sounds a little crazy, but I read about it in the Men’s Health article and I thought I’d share it. When you’ve made a decision on an area, go by on a Friday or Saturday night and just sit in your car and take a look at everything that is going on. “If someone calls the cops on you, it’s probably a good thing!”
5.) Make the Offer
We’re in a crazy market, so if all of your stars line up, MAKE THAT OFFER, and pray that you get in your dream home. GOOD LUCK!
Copyright ©2008 Mike West
Tags: