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BUYERS GUIDE - WE ARE HERE TO HELP!

Whether you're just getting started in Buying or Selling Real Estate, or you're an experienced investor, you've come to the right place.

We've got the expertise  Century21 the Most Powerful and Recognized name in Real Estate World Wide!  Providing Financing, and information on Buying, and Selling, with guidance and support before, during, and after your Home Buying or Selling experience, our results and track record proves it!

Owning Vs. Renting - It Makes Dollars and Sense

Over the last ten years, the cost of rental housing in the U.S. has increased an average of 3% per year.

The apartment or home that you rent for $750 a month will cost you more than $978 a month 10 years from now

The Federal Reserve Board estimates that homeowners have a net worth almost 36 times more than that of renters

Find your "Dream Home" with your Mouse . . . more info click here!!!

BUY OR SELL FIRST?

You may not want to sell first and be caught without a place to live - even for a short time! Nor do you want the expense of owning two homes! But, by selling your current home first, you remove the burden of uncertainty and know exactly how much you've netted from the sale - an important consideration in determining the price range for your next home.

By selling first, you'll negotiate the purchase price on your new home more confidently. If you do buy first, make your offer to purchase conditional on the sale of your current home.

Bridge financing may also be a short term solution when buying first. Based on your credit worthiness and the probability that your current home will sell quickly, some lenders may extend additional credit on a short term basis, using the equity in your current home as security. In a buyer's market, many people prefer to sell first to limit risk. In a seller's market, many will consider buying first.

SEARCHING FOR THE PERFECT HOME

You're house-hunting, your CENTURY 21 Patty Snell sales associate has located the perfect home  and we make an appointment with the seller to view their home. You walk into it and immediately, you know - this is it! The windows, the flooring, even the colors of the walls. It's perfect. Or is it? Before making a final decision, take a deep breath and carefully consider whether this home offers the features that will last beyond the first impression. Of course, location is everything. Your decision on the neighborhood should depend largely on the size and age of your family, your income, and your personal preferences. Some people prefer the city - others like small towns or the suburbs.

No matter where you choose to buy, here are some other factors to consider:

  • Availability of public transportation; accessibility to major roads and highways.
  • Condition of public facilities such as streets, sidewalks, water and electric supplies.
  • Proximity to parks and recreational facilities; restaurants and theatres and shopping malls.
  • Availability of public services such as street cleaning, garbage collection; police and fire protection.
  • Proximity to medical services including hospitals, doctors, dentists.
  • Appropriateness of schools.

CONSIDER THE FUTURE RESALE VALUE

If you're thinking of this as a starter home that you'll sell within a few years, many people feel it's smarter to buy a modest home in the best neighborhood you can afford, rather than the most expensive home in a modest neighborhood.

 RESALE OR BRAND NEW? RESALE

Typically, with a resale home, you see what you get, and get what you see. Also, resale homes are usually sold in more established communities and neighborhoods. That means recreational facilities, transportation links, support services, schools and shopping centers are already in place. Many people believe they get better value buying a resale home, since appliances, light fixtures, floor and window coverings can be negotiated into the deal. Improvements like swimming pools, paved driveways and landscaping automatically go with the house, too.

BRAND NEW

Newly-built homes have a strong appeal. Buyers can customize it to suit their taste - interior colors, decor and finishing's - with a variety of models and styles to choose from. Most brand new homes have a warranty covering defects in materials and workmanship. Buyers may be able to get good value buying from a builder - by including extras, options and upgrades in the price.

However, before you purchase a brand new home, investigate the builder - the reputation, the background, and the quality of work done. Don't be afraid to knock on doors and ask other buyers what they think of their builder.

GET PRE-APPROVED

With a pre-approved mortgage, you're much better prepared to shop for a home because you have all the financial facts in hand, your purchase commitment is far more likely to be one you can live with comfortably. Also, you'll have a clear idea of what you can afford in terms of price, down payment, legal fees and other expenses.

WE'VE FOUND YOUR PERFECT HOME - NOW WHAT?

Offer to Purchase
Once you have found the home which best suits your needs and budget, the next step is to have a CENTURY 21 Patty Snell sales associate draw-up an offer to purchase. Be certain to review the offer in detail before it is presented to the vendor. Ask questions if you need clarification and make sure that you understand exactly what it is you're signing. Your CENTURY 21 Patty Snell sales associate will ensure the offer clearly outline all terms and conditions of the sale including, among other details, the following:

  • Basic details such as your name, the name of the vendor and the legal and civic address of the property you are offering to purchase
  • Proposed purchase price
  • List of all items included in the purchase price
  • Explicit details of all financial arrangements
  • Closing date for the sale of the property
  • Date of occupancy
  • Any conditions attached to the sale
  • Any specific obligations to be fulfilled by the vendor
  • A Certificate of Location or survey

How To Determine Purchase Price?

Your CENTURY 21 Patty Snell sales associate would have helped determine the right price based upon a combination of factors:

  • Number of homes currently available, both in general and in that neighborhood
  • Asking price of other comparable homes in the area
  • Recent history of sales of similar properties in the area
  • Unique selling features such as a pool, fireplace, etc.
  • General condition of the property and the area
  • Immediacy of your need to purchase
  • Vendor's need or motivation to sell

Offer Accepted, Now What?

Once the offer is signed -- here are a few things you'll need to take care of before closing day:

  • If you're currently living in a rental property, either cancel your lease or sublet the premises.
  • Contact the water, electric and gas companies to have the meters read on closing, new accounts set up in your name, and final bills paid.
  • Contact the telephone company to arrange for your current service to be disconnected, and service in your new home to be set up.
  • Arrange for your move as far in advance as possible. Book a truck or mover. And remember, packing will take more time than you think.
  • Send out your change of address notifications.

Once You Move In

Now that you've taken possession of your new home, it's time to get your house in order:

  • Get the names and addresses, payment dates, account numbers and amounts you have to pay for your mortgage and utility charges.
  • Notify everyone about your change of address
  • Determine garbage days.
  • Consider upgrading the locks to deadbolts for greater home security.