When considering options for mortgages, it's not just about what lenders to talk to. Below I go over some of those details. For more tips...
I offer a locally unmatched combination of knowledge, integrity, digital & physical resources to help buyers with their purchases. Educated buyers make the best decisions, & client education is a significant focus of my business.
Here I get into some of the factors needed & some that I recommend for a home purchase, whether applicable for all buyers, or whether applicable for a limited # of buyers.
Examples sometimes include a down payment, a credit score, $ for closing costs & prepaids, & home inspection costs, but there are many exceptions.
Here I go over:
2. Your credit (unless buying in $)
5. The market in your considered area
6. Interest rate projections/history (unless buying in $)
7. The kind of loan/financial assistance you'll be using if applicable
8. The home you currently live in
Here I go over:
1. Offering Low or High
2. A Strong Offer
3. Repairs Visible Prior to Offer
4. Starting with a Verbal Offer
7. Escalation Clauses
8. Letters to the Seller
9. Atypical Elements
10. Home Inspections
I review some of the factors involved with finding your home. It's typically best to put together one or more searches via MLS with an agent rather than exclusively relying on public websites. Doing that will give you access to details unavailable in public websites (i.e. photo captions and better flood zone features with many MLS), higher levels of accuracy, search features unavailable in websites, etc.
Often buyers neglect just how powerful MLS can be in searches for them, especially when detailed search templates are involved, which can take hours to create in some cases.
Here I recommend some linked resources from others as well as a number of resources that I'm providing.
A hot topic for buyers is mortgage interest rates. Here I share where they are, where we've come from, project where they're going, & share what buyers can do about it.
Search Activation & Keeping Active
Responsibilities & Inspector Options Including Deadlines Template for REIN & VAR Offers
Backup Offers: Seeing Property Already Under Contract
Phantom Property Availability: For Sale, Under Contract, but Hard to Tell
Virginia Association of Realtors Non-Exclusive Buyer Brokerage Agreements
Legal Duties of Buyer's Agents, Per Virginia Law
Disclosures Typically Signed at Time of Buyer Brokerage Agreement at GRP
Land Purchases & Sales
Below & Above Asking Price Offers
Rent or Buy Calculator
Hampton Roads Offers: The REIN Standard Purchase Agreement
What To Do After Ruling Out Adam's Open House
Which Multiple Listing Service(s) Are Needed to List in SE VA?
SE VA City Information & Real Estate Property Info
Adam's Buyer Feedback
Agents Filling in for Buyers' Agents
What to Look for in a Buyer's Agent for Your Home or Other Real Estate
Detailed Questions for Home Inspectors
Basic Elements of Service Provider Determinations
Most Important Cities/Counties in Hampton Roads for Multiple MLS
Water Heater Age
Multiple Listing Service (MLS) Details
Termination of Listing or Buyer Brokerage Agreement With Agent & Their Buyers/Sellers In SE Virginia
The Importance of At Least 3 Interviews for a Real Estate Agent
Competing Offer Spreadsheet
Adam Garrett's Video Visuals for Out of Town Buyers/Sellers
Tips for Video Showings of Real Estate (i.e. a House)
Unrepresented Buyer Wants to Make an Offer on Agent's Listing
Master Spreadsheet for Prospective Home Purchase Considerations
Should You Get Solar Panels for Your Home?
Public School Districts in Hampton Roads & The Surrounding Area of SE VA
Adam Garrett's Digital Tool Belt
Gadget/Tool List of Adam Garrett
Mortgage Interest Rates
Legality Regarding Buyer Brokerage Form Prior to Showings in VA
Buying a House with Crypto-Currency
Where to Find Equipment To Borrow/Lease/Purchase for Your Property Repairs/Reno/Cleaning
Detailed Questions for Termite (WDI) & Moisture Inspectors
Homes for Sale With No Showings Allowed
CatFish Buyers Targeting Realtors
Adam Garrett's Coverage Map
Utilities List for SE VA (Primarily Hampton Roads)
When to Perform a Walk Through
Where Hampton Roads Investors Can Find Upcoming Development
Can I Rent Out my Home?
Construction Problems To Be Aware Of
Quick Guide to HUD Homes