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You want to buy a house?????

I often hear from people who would like to buy a home but don’t know where to start. They call off a sign or from an ad to ask the price of the home or for more information. They want to look at the property but really don’t know what else to do.
I tell them that the first thing they need to do is call a local lender and have their credit pulled to see if they qualify for a loan and in what amount. In addition, the lender will be able to tell them what type of initial investment is available. If the borrower does not have money to come to the table with, there may be alternative methods (grant, bond, or gift money) to pay the down payment. In addition, to the down payment there are fees associated with getting a loan called closing costs. It is possible that the contract to be written so the seller will pay the closing costs in behalf of the buyer.
After it is determined that the buyer can obtain a loan for an amount that the buyer can afford, then it is time to work with a realtor. A realtor can show any house that is on the market regardless of the real estate sign that is in the front yard. You realtor may also be able to represent you in a “for sale by owner” home, but be sure to contact your realtor rather than calling the owner directly. The realtor will represent your interest in the transaction and help you maneuver the paperwork, inspection, and any issues that may come up between contract to close.
A real estate transaction is a large purchase that contains a legal binding contract. It can be complicated. If you are interested in making a real estate purchase it is advised to hire a professional to assist you in your endeavor.
Sometimes I get questioned on how I as a realtor get paid. The listing realtor enters into a contract with the seller to sell the house for a commission. In return the listing agent offers a portion of the commission to the buyer’s agent to bring them a buyer. Therefore the buyer is not paying their realtor for helping them.
If you need help buying a home and would like some help please call me at 405-213-2992 or visit my website at http://www.sandiwalker.com.

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