So you want to buy a San Antonio home, but aren’t sure how to go about it? Here are seven easy tips to keep you focused on the basics and on track toward meeting your home ownership goal.
■ The absolute first step is to determine your ability to buy a home in the first place. That means looking carefully at your debts and income to see if you’ll have the cash flow to manage a monthly mortgage payment. Ask a lender to qualify you for a loan. It’s as simple as a phone call to your bank, credit union, or a mortgage broker. After answering a few questions, you’ll be told if you'll qualify for a loan and where you should set your home purchase price limit.
■ Find a real estate agent, preferably one that’s credentialed as a Realtor®. The best way is to ask co-workers, friends and relatives for the name of a Realtor® who has given reliable personal service. For an excellent article on the basics for selecting a Realtor® , click here.
■ Ask your selected Realtor® to set up an ongoing automated San Antonio Multiple Listing Service (MLS) listings search for you. Your MLS search will be better than anything you can do on your own and will promptly send you information about the newest listings meeting your requirements.
■ When you find promising listings, ask your Realtor® to conduct showings for you. Act quickly - the best listings go under contract fast.
■ Trust your Realtor® to lead you through the property analysis, pricing, and offer submission processes. That’s what a Realtor® is trained to do.
■Work with your Realtor® to negotiate for the best price and for any incentives the seller might be willing to offer. Certainly a sales price reduction comes first, but incentives like a home protection plan, contributions to your closing costs, home repairs, and seller paid mortgage points add value to your purchase.
■ Make sure you carefully read and comprehend your purchase contract and stay fully in touch with the purchase process from beginning to closing. Although it’s your Realtor’s® job to keep you, and the process, on track, it’s your job to stay focused and concentrate persistently on the home buying tasks at hand. If you feel uncomfortable about anything, tell your Realtor® immediately.
Buying a home is always a challenging process, but, if you follow the preceding tips and trust the leadership of a reliable real estate professional, it will be as close to hassle free as possible.
For unexcelled home buyer representation, you need look no further than our San Antonio Home Quest Realty Solutions Team.
We’re Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
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