Just back from charlotte for a second time (real estate, house)
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I am leaning towards an older home. When I want to check out houses do I go to a realtor or go to a buyers agent first? I also assume its best to get pre approved?
Pre-approval is nice, and might give you an edge over other buyer's but it's not absolutely necessary. We didn't have pre-approval when we went under contract but the process to get our mortgage was quite simple after we secured local jobs.
I am leaning towards an older home. When I want to check out houses do I go to a realtor or go to a buyers agent first? I also assume its best to get pre approved?
First get yourself a buyers agent and they will pull up homes in your price range and area you request. You can also drive around yourself and write down addresses and give them to your agent and she will schedule an appointment with you to view these homes. This will be your agent and the homes listed will be listed by the sellers agent.
You can either get pre-approved by your own lender or ask for a referral from your Realtor.
I like the idea of scouting neighborhoods you're interested in and noting whether there are homes for sale. With pre-approval, the sellers should have no problem dealing with you directly, if you feel comfortable enough doing so.
I will note that all of the homes presented to me by our Realtor, I had already been aware of during my own searches on various Internet sites. The house we decided on, we happened upon on our own.
I like the idea of scouting neighborhoods you're interested in and noting whether there are homes for sale. With pre-approval, the sellers should have no problem dealing with you directly, if you feel comfortable enough doing so.
I will note that all of the homes presented to me by our Realtor, I had already been aware of during my own searches on various Internet sites. The house we decided on, we happened upon on our own.
SL
It's better to get your own Buyers agent, the sellers agent represents the seller. It doesn't cost anything to get your own representation. You can still do your own leg work if you want but let them represent you.
Do the sellers list 5% higher than they expect to net?
I am inquiring because we are looking again. The mortgage is already in place, and I am just wondering how much wiggle room one usually has. We are also looking at re-sells, mostly older homes. Do they really take longer to sell because of all the new developments?
Do the sellers list 5% higher than they expect to net?
I am inquiring because we are looking again. The mortgage is already in place, and I am just wondering how much wiggle room one usually has. We are also looking at re-sells, mostly older homes. Do they really take longer to sell because of all the new developments?
Thanks!
SL
It depends on the market conditions, you can offer whatever you want the conditions are favorable to the buyer right now.
In Phoenix last year they were taking contracts and getting back to people in a week because of the massive mutiple offers they had bidding wars.
I'm not in the Charlotte market but that's my 2 cents.
I am leaning towards an older home. When I want to check out houses do I go to a realtor or go to a buyers agent first? I also assume its best to get pre approved?
Your offer is stronger if your pre approved than pre qualified.
First get yourself a buyers agent and they will pull up homes in your price range and area you request. You can also drive around yourself and write down addresses and give them to your agent and she will schedule an appointment with you to view these homes. This will be your agent and the homes listed will be listed by the sellers agent.
You can either get pre-approved by your own lender or ask for a referral from your Realtor.
Do the sellers list 5% higher than they expect to net?
I am inquiring because we are looking again. The mortgage is already in place, and I am just wondering how much wiggle room one usually has. We are also looking at re-sells, mostly older homes. Do they really take longer to sell because of all the new developments?
Thanks!
SL
You can offer whatever you like, If my client is really wanting the house its a good starting point for negotiations to see if you ca nget the seller hooked. If you come in to low to begin with there always seems to be some sort of attitude from the seller along the way.
Maybe its just me... Bottom line is you need to decide what the highest price is that you will pay and start lower than that so you ca nnegotiate.
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