| Buyer Information
 Buying a Home:
11 steps to get you started on the right track:
- Hire a real estate professional.
The first step is to select a professional to help you find your dream home and fine-tune your financial expectations. Working with a buyer agent is worth consideration since he or she is legally responsible for representing the buyer's interest in a real estate transaction. Before making a decision however, have a realtor explain the pros and cons of using a buyer agent versus a sales or dual agent. Greg Bednarz can guide you through every step to buying a home.
- Shop for mortgage rates and terms.
Just because your neighbor's friend has a mortgage guy doesn't mean you should be obligated to go with his loan. Shop around. Many lenders can vary their interest rates, points and fees within thousands of dollars of each other.
- Prequalify for a loan.
Your third step should be to get prequalified, which determines which properties are in your price range. This is different from pre-approval which is just what you make to what you can afford. It makes certain you can afford the home including your debts and expenses. It also indicates to the seller that you are a serious buyer and can afford the property.
- Define what you want.
The next step is to create a realistic idea of the home you'd like to buy. What features are most important to you? Really determine what you could and could not live without. It is also helpful to search online to see what is currently available on the market. Greg Bednarz can then show you houses that meet your criteria and expectations.
- Visit properties.
Now you're ready to visit houses. Ask Greg to arrange showings, and keep track of the properties you've seen.
- Know the features that help or hurt resale.
In some areas, a swimming pool actually detracts from a home's value and makes it harder to sell. In neighborhoods with two-car, attached garages, a single-car or detached garage may impact the home sale and future value. Greg can point out features that hurt or help the resale value.
- Rate the houses you tour.
After touring each home, write down what you liked and didn't like. Develop a rating system that will help narrow the field down. For example, pick the house you like best on day one and compare all other houses to it. When you find a better one, use the new favorite as the standard.
- Make an offer.
Once you've pinpointed your dream house, it's time to get serious about the financial and contractual side of the purchase. Greg Bednarz will be a strong advantage since you and the seller have different goals.
- Arrange for a home inspection.
After your offer is accepted, set up a home inspection. It's common to find such problems as leaky roofs, cracked walls, insect infestations and foundation problems. Greg can help find a reputable inspector, and will negotiate to get you the most for your money once the inspector's report is final. If you negotiate repairs as part of the purchase, ask for a "walk through" before finalizing the paperwork. Ask your real estate agent about home protection plans, which may save you money in the near future.
- Closeing on your home
Before your closing date, make sure you've made all necessary deposits and completed the paperwork - including mortgage, title, homeowners insurance and any other paperwork required by local or state governments. Greg should help with this process and feel free to call him anytime with your concerns
Prepare for life in your new home.
Before rolling out the welcome mat, consider some moving basics: turning on electricity, water and gas, cleaning or replacing the carpet, and filling out forms at your local post office of your new address. The best time for renovations is often before you move in
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