Buyers come from near and far. They are your friends with growing families that need more space, or your older neighbors that need to down-size..
Iron Valley Real Estate agents are trained experts in their field. We pride ourselves on quality customer service, first-hand industry education and more sold homes than the local competition.
If this is your first time buying a home, or you just need to be refreshed on the process, Iron Valley Real Estate is here to guide you and make the experience easy and hassle free.
Choose a link from the list below, or follow them step-by step to learn more:
Are you ready to build the "American Dream?" Preparing to buy a home can be both exciting and terrifying at the same time. Fortunately, a Iron Valley Real Estate agent can lead you in the right direction toward the home of your dreams. You first may want to ask yourself these questions:
You may want to make a list or brainstorm about the features and amenities that you find most appealing in a new home.
Before you choose a real estate agent, it is important to do your homework on real estate agents in your area.
When choosing a Realtor, do not be afraid to meet with many different agents. They are, after all, competing for your business. This competition is what makes the real estate industry successful.
Feel free to ask them the following questions:
Once you have chosen an agent, it is important to establish specific goals that you would like met. It is very important to communicate with your real estate agent and, in turn, that your real estate agent communicates with you.
It is important as a buyer that you establish some kind of financing before you make any offers on homes. The "pre-approval" process allows lenders to take a look at your finances and credit history in order to make a general assumption about your loan amount.
The pre-approval process is when a lender looks at your finances and determines the type of loan and amount you can qualify for.
In order to get pre-approved for a loan, you need to contact a lender. Your Iron Valley Real Estate agent can help you help you find a lender that you feel comfortable with, and that offers programs best-suited to your needs.
Now it is time to start the exciting search for homes! You may want to narrow down your search by asking yourself the following questions:
Searching for a home is becoming easier than years ago. We now have the Internet as a powerful "home finding tool," as well as the MLS (Multiple Listing Service).
It is important that you communicate with your real estate agent what your sesires in a home are.
You may want to first begin by making a list of the features and benefits that are most important in your pursuit of finding a home. These could be:
Your real estate agent will now have the criteria necessary to find you your new home. It is not uncommon to look at many houses before finding “the one”.
You will want to inform your real estate agent what you like about the house and make a list of your likes and dislikes with the property. Though you will most likely have done this already in a general sense, it is important to do it again for specific homes you have in interest in.
While every situation is unique, there are two common variations of writing an offer on a home. As the buyer, typically you would:
Communicating about the house and how it suits your needs is important when making this decision. It is also important to be realistic when it comes to how much you can afford when selecting "your" home.
Doing you homework about loans will save you both time and money. There are a lot of loans out there to choose from, but it is important to keep in mind several key factors that will help you along the way:
Receiving a loan requires completion of a loan application and specific financial documents including pay stubs, rental checks and/or tax returns. You can receive a loan from a number of different financial institutions, namely: commercial banks, credit unions, mortgage bankers, mortgage brokers, savings and loan associations, mutual savings banks and insurance companies.
Insuring your home is like making an investment in your future. You work hard to have a home; homeowners insurance protects you and your family from someone or something taking it all away.
There are many different forms of insurance:
The closing process is always changing. It is even referred to as "settlement" or "escrow" in different parts of the country. With increased technology, most closings are completely automated and both parties do not have to be present at the same time to sign.
Closings usually take about 30-45 days to complete. This mainly depends on the buyer's financing availability, successful home inspection completion, and various lender conditions (ex. title search, title insurance, termite inspections, surveys and appraisals).
The closing process is the transfer of the title of the property from the buyer to the seller. The buyer will receive the keys to the home or the deed to the land, while the seller receives payment for the property. The amount the seller receives is based upon the amount that is still owed on the mortgage, any outstanding fees or taxes, and any additional closing costs. All legal papers are filed with the local record office.
It is this step where the buyers and sellers do very little. It is important as the seller to take a final walk through the property to make sure the property's condition as not changed. It is equally important for both the buyer and seller to make sure the paperwork they are signing reflects the agreement of the original sale.
You have unpacked your boxes, arranged your furniture, and feel complete with your moving task. What's next? There is always an adjustment period when you move. It is important to understand that what you, your spouse and/or children may be feeling is completely normal.
Here is a list of a few things that may help: