The Most Important 4 Things Every Renter Should Know Before Buying Any Home in [Profile.market6]

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October 11, 2009, by Burger Professionals in Tips for Home Buyers

1. Don’t Get “Pre-Qualified!

Do you want to get the best house you can for the least amount of money when buying a home in [Profile.market6]? Next, be sure you are in the optimal position from which to negotiate. Price is only one bargaining chip in the negotiations, and not necessarily the most important one. Buyer strength and length of escrow are usually critical to sellers.

In years past, we always recommended that buyers get “pre-qualified” by a lender. This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you “pre-qualified” and issues a certificate that you can show to a seller. When dealing with certificates that hold no value, sellers are becoming more wise, so let me explain why! None of the information has been verified! Oftentimes-unknown problems surface! Glitches on the credit report due to any number of reasons both accurately and inaccurately, down payments that have not been in the clients’ bank account long enough, etc,some of the problems I’ve seen include recorded judgments, child support payments due.

When you're "pre-approved," your offer is seen as coming from a stronger starting position. This occurs following the verification of all of the details. You are actually APPROVED for the loan and the only loose end is the appraisal on the property. Depending on the circumstances, the entire process can take anywhere from just a few minutes to a few days. Something we strongly suggest for all of our clients to have.

It is an advantage to be a renter when competing with buyers who already own their home because their financing can be dependent on selling their current home. Two. Play the Game of Nines

Before house hunting in the [Profile.market6] market, develop a list of about 9 items you want in your new location Then make a list of the nine things you don’t want. “NINE OF THIS AND NONE OF THAT”,I call this You can use this list as a scorecard to rate each property that you see. The one with the biggest score wins! This helps avoid confusion and keeps things in perspective when you’re comparing dozens of homes. When house hunting in the [Profile.market6], consider the contrast between something called "SKIN AND BONES". The BONES are things that cannot be changed such as the location, view, size of lot, noise in the area, school district, and floor plan. Easily changed surface finishes like carpet, wallpaper, color, and window coverings,the SKIN represents. Buy the house with good BONES, because the SKIN can always be changed to match your tastes. Think of the house you are viewing as empty, without furniture. Consider each house on its underlying merits, not the seller’s decorating skills. Third: A good agent will show everything available that will meet your requirements. Don’t make a decision on a house until you feel that you’ve seen enough to pick the best one. Your agent may not provide the complete list of homes for sale. By sitting with him at the Multiple Listing computer you can ensure for yourself that he will. [Profile.market6] and not just the home that the agent "wants" to show you.

In the late 1980’s, homes in [Profile.market6] were selling quickly, usually a few days after listing. In this type of market, agents recommended that their customers place an offer instantly if they were interested in the home. That was good advice at the time. Today there isn’t always this urgency, unless a home is drastically under priced, and you’ll know if it is. But keep in mind, if you wait to long there is always a chance of the house selling before you get your offer to the seller. If you really like a house, get an offer written and make sure your agent writes in the proper clauses to get you out of the offer.

Don’t forget to check into the SCHOOL DISTRICTS of the area you’re considering. For more information about schools in the [Profile.market6] market you can visit my website at . Information is available on every school; such as class sizes, % of students that go on to college, SAT scores, etc.

D. Stop Calling Ads!

A word of caution – agents in the [Profile.market6] make the phone ring by creating ads Many of the homes have some drawback that’s not mentioned in the ad, such as traffic noise, power lines, or litigation in the community. What’s not mentioned in the ad is usually more important than what is. This is why we think it prudent for you to take great care when going over advertisements. Not you in most cases,and remember that the person writing the ad is representing the seller. The essential thing for you is to have someone on your side looking out for you. Your own agent will critique the property with an eye towards how well it meets your needs and will point out any drawbacks you should know about.Regardless of who you chose to work with, remember to select someone that wins your confidence. Remember too to find to get a buyer's broker on board. Then you become a client with all the rights, benefits, and privileges created by this agency relationship, and you’re no longer just a shopper. Did you know that many homes are sold WITHOUT A SIGN ever going up or an AD EVER BEING PUT IN THE PAPER? These “great deals” go to those people who are committed to working with one agent. When an agent hears of a great buy, who do you think he’s going to call? His client, who he has a legal obligation to work hard for you, or someone who just called on the phone and said “keep your eyes open”Question: So, to get the best buy on a property in the [Profile.market6] real estate market, we always recommend that you hire your own agent and stick with him or her.

There is a lot of free information available to you about buying, selling or investing in [Profile.market6] property To obtain full details about the [Profile.market6] real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything [Profile.market6] property So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at or email me at .

For more information on homes for sale in Tenino WA, go to http://www.TeninoHomes.com