Are You Ready to Buy a Home?
Knowledge and experience are the keys to successful real estate transactions.?The Pat Hiban Real Estate Group provides an?enormous library of valuable real estate related information. Doing your research to gather knowledge as well as working with?realtors? like us whose expertise and experience can interpret and guide you through the information, can be essential to your success in buying a home that is right for you.
Planning is one of the keys to making the home buying process easier and more understandable. With research and planning, you?ll be able to anticipate requests from lenders, lawyers and other professionals, and you?ll move more easily through the home buying process.
Do You Know What You Want in a Home?
Whether or not you are a first-time home buyer, you need to ask why you want to buy. Do you need to move, or is buying an option and not a requirement? What property features do you want that you do not have now? Do you have a purchasing time frame?
Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define and achieve your real estate goals.
Once you get an idea of what you want in a home, we can help you to better understand the local markets, current market conditions and the many facets of the complex business of real estate. By answering your questions, we can give?you a realistic picture of the market and help you clarify your real estate goals.
Do You Have the Finances to Buy a Home?
It is important to get pre-qualified for a mortgage before you begin your house hunting quest. This way, you will only view homes you can afford and get excited about.
Homes and financing are closely intertwined. Financing is the difference between the purchase price and the down payment and is commonly referred to as debt or the mortgage. There are a many different kinds of mortgages and different lenders, so be sure to shop around to make sure you get the mortgage that best meets your needs and at the best price.
In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with completing the transaction). Some mortgage programs not only allow the purchase of a home with no money down, but also underwrite closing costs.
While some people purchase with little or no money down, it means higher monthly mortgage payments, so most home buyers choose to put down some cash.
As for closing costs, in buyer?s markets, it may be possible to negotiate an offer that requires the owner to pay some or all of your settlement expenses.
Get Your Financial House in Order ? Establish Your Credit
You need good credit to get a mortgage. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.
Prepare yourself for the complex adventure of buying a home: do your research,?plan ahead, know what you want, what you can afford and establish your credit. And when you are ready, contact us and we?ll work together to find the right home for you!
Showing properties 1 - 5 of 500+. See more Maryland Homes For Sale With 3 Car Garage.
(all data current as of 11/20/2012)
5 beds, 2 full, 1 part baths
Home size: 2,840 sq ft
Lot size: 1.25 ac
Year built: 1908
Parking spots: 6
Days on market: 1
3 beds, 1 full, 1 part baths
Home size: 1,200 sq ft
Lot size: 1.94 ac
Year built: 1972
Parking spots: 4
Days on market: 1
5 beds, 2 full, 1 part baths
Home size: 3,192 sq ft
Lot size: 43,560 sqft
Year built: 1986
Parking spots: 4
Days on market: 1
3 beds, 2 full baths
Home size: 2,000 sq ft
Lot size: 20.01 ac
Year built: 2004
Parking spots: 3
Days on market: 1
3 beds, 2 full baths
Home size: 1,654 sq ft
Lot size: 1.30 ac
Year built: 1948
Parking spots: 3
Days on market: 1
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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Source: http://hibanism.com/2012/11/20/home-buying-basics-info-for-the-prospective-home-buyer/
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