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Home Articles Tips for Home Buyers The Most Important 4 Things Every Renter Should Know Before Buying Any Home in Hollywood Florida and Hollywood Beach
The Most Important 4 Things Every Renter Should Know Before Buying Any Home in Hollywood Florida and Hollywood Beach
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July 5, 2009, by Susan Weaver in Tips for Home Buyers

1. Don’t Get “Pre-Qualified!

If you're looking to get the very best house you're capable of getting for the least amount of money you'd like to spend in Hollywood Florida? Then make sure you are in the strongest negotiating position possible. 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-qualifiedâ€Â 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-qualifiedâ€Â and issues a certificate that you can show to a seller. Sellers are aware that such certificates are WORTHLESS, and here’s why! This information has not been double checked Oftentimes-unknown problems surface! Some of the problems I’ve seen include recorded judgments, child support payments due, 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.

So the way to make a strong offer today is to get “pre-approvedâ€Â. 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. This process takes anywhere from a few minutes to a few days depending on your situation. It’s VERY POWERFUL and a weapon we recommend all our clients have in their negotiating arsenal.

Since you are currently renting a home and don’t have a home to sell you may be at an advantage when competing with other buyers because many buyers must sell their current home before they are able to get financing for another. Two. Play the Game of Nines

Before house hunting in the Hollywood Florida market, make a list of nine things you want in the new place. Then make a list of the nine things you don’t want. I call this “NINE OF THIS AND NONE OF THATâ€Â. You can use this list as a scorecard to rate each property that you see. The highest final rating is the winner! This helps avoid confusion and keeps things in perspective when you’re comparing dozens of homes. When house hunting in the Hollywood Florida, keep in mind the difference between “SKIN AND BONESâ€Â. Such as the location, view, size of lot, noise in the area, school district, and floor plan,the BONES are things that cannot be changed. 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. We always recommend that you imagine each house as if it were vacant. Consider each house on its underlying merits, not the seller’s decorating skills. 3. A good agent will show everything available that will meet your requirements. You should not make a decision on a house until you have seen enough to pick the best one. Go to the Multiple Listing computer with your agent to make sure that you are getting a COMPLETE list of homes for sale in Hollywood Florida and not just the home that the agent "wants" to show you.

At the end of the 80's, properties in Hollywood Florida Usually a few days after listing,were selling quickly. In this type of market, agents recommended that their customers place an offer instantly if they were interested in the home. At that moment, it was a sage opinion. Only homes that are very under priced, and you'll know the ones that are, usually have this sense of urgency. Remember the dangers of waiting too long; the property could be sold before your bid arrives. 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.

Let's not forget that when making your consideration, also remember to do research into the SCHOOL DISTRICTS that are located in the same area. For more information about schools in the Hollywood Florida market you can visit my website at www.SueWeaver.com. Information is available on every school; such as class sizes, % of students that go on to college, SAT scores, etc.

4. Stop Calling Ads!

A word of caution – agents in the Hollywood Florida make the phone ring by creating ads Some of the drawbacks the ad neglects to mention are traffic noise, power lines, and even litigation inside the community. What’s not mentioned in the ad is usually more important than what is. For this reason, we want you to be very careful when reading ads. Remember that the person writing the ad is representing the seller and not you in most cases! 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.So whether you decide to work with us or not, pick an agent you feel comfortable with and enlist the services of that agent as a buyer’s broker. 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 dealsâ€Â 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 openâ€Â? To get the most bang for your buck, buy property in the Hollywood Florida Our highest recommendation is find yourself an agent you're comfortable with and stick with him or her for all your real estate market needs.

A plethora of data on the subject of selling, buying or investments is out there at no cost. Hollywood Florida property For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate. 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 954.668.9056 or email me at Sue@SueWeaver.com.

For FREE Instant Email Notification of Hollywood Beach Florida Real Estate  short sales, foreclosures and regular listings, as soon as they become available, please visit our website at http://www.Hollywood-Beach-Florida-Real-Estate.com.

For FREE Instant Email Notification of Hollywood Beach Florida Real Estate  short sales, foreclosures and regular listings, as soon as they become available, please visit our website at http://www.SueWeaver.com.

 

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