1. Real Estate Investment Professional Guidance For New
Buyers
That's right, today’s low rates can be locked in for the next 30 years.The general economy
appears to be improving. Nationwide, average home prices are approximately a third lower
now than at their peak in the early to mid 2000's. Coupled with a low inventory this is leading
to bidding wars which ultimately leads to higher sale prices. Which in the end will have the
home market switching to a sellers market. So, if you were wondering if now is a good time to
buy a house, absolutely.
There are lots of factors that will transpire throughout the course of buying and selling a
house. To move ahead without a real estate agent leading the way is really a sure way to
bring about plenty of disorder within your life, as well as any individual associated in the
transaction.
Consider location, floor plan, neighborhood, school district, noise, lot size, and your view of
the home and from the home. Remember that you can change personalize the style of a
house, things like the fixtures, flooring, appliances, paint, etc. You can't change the
substance or it's location.
Once the mortgage lender has given you a sound price range to work with, have them
contact your real estate broker. Together, these two professionals should be able to help you
find a home that is suits your needs. Your buyer's agent will guide you through the homes
that work within your price range, while being keenly aware of what your personal needs are
with regards to a home.
As a home buyer, you may get discouraged as you first start the process. So many of the
homes you choose look better on the Internet than they do in person. Don't be discouraged,
as this is part of the home investment process. It falls under the category of elimination. The
more you eliminate, the closer you get to a home that really will suit your needs perfectly.
Do yourself a favor and make sure to have the home you want to buy inspected by a licensed
home inspector. A satisfactory inspection is a standard contingency that gives the buyer a
chance to cancel the offer and receive a full refund if the inspection is not to their satisfaction.
A buyer would be wise to accept minor problems. Remember, that if there are major
problems, it's common for the buyer to request repairs or credit for an amount sufficient to
cover the repairs.
Who pays closing cost is negotiated just like everything else within the offer to purchase.
Seller may be willing to assist with a buyer's closing costs but in no way are they obligated to
do so. Many times they are rolled into the buyers loan provided the property appraises for the
full amount and the lender allows it. The closing costs are not the same thing as the down
payment. The downpayment is money you are putting down towards the purchase of the

2. house, whereas the closing costs are monies associated with getting the transaction through
to its completion.
When you have found a property you want to purchase, your agent will help you to formulate
and submit an initial offer on your behalf. An initial offer is usually made in writing as an offer
to purchase and is prepared by your agent. Creating A Successful Real Estate Transaction