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5 Easy Steps...

To Buying the Perfect Home (at the very best price)

Where Do I Begin?

Buying a home can be a puzzling experience. It is the single biggest purchase in most people’s lives and is filled with emotion, nervousness, and especially, questions. Am I getting a good deal? Can I afford this house? Is this a good neighborhood? The list goes on and on. This report was designed to help answer these questions and give you a simple game plan that can make your home buying experience a wonderful one. Following these five steps can save you thousands of dollars and take the stress out of buying a home!

Step 1:

How much home can you afford?

This may seem obvious to you, but believe it or not, most people don’t know how much home they can afford to buy. Would you like to go to the grocery store to do your weekly shopping if you had no idea how much money you had to spend? Probably not. You would probably look at your budget and stay within those basic constraints. The same thing holds true when buying a home, but on a much larger scale. Discovering how much home you can afford is called, pre-qualify. This is a very simple and painless procedure which can usually be done over the telephone by an experienced mortgage professional.

 Your loan agent will review your income, debts and expenses to arrive at a fairly accurate estimation of how much home you can afford, If you prefer, a representative from American Home Loans, Inc. will run your information through our computerized analysis system giving you a very accurate account of how much home you can afford. There is no cost for this service and we are glad to do it. Often you’ll qualify for much more home than you thought you would!

 We then go over exactly what your wants, needs and desires are and then custom tailor a loan especially for you giving you a loan with favorable interest rates and comfortable payments that make moving on to Step 2 easy.

Step 2:

Pre-approval.  The key to success!

Pre-approval means getting approved for your mortgage ahead of time. Don’t confuse this with pre-qualifying. Pre-approval is where you actually apply for a loan and get approved by a lender for a specific amount of money, and a specific down payment. We have been able to get many of our customers their dream homes with as little as a 1% to 3% down payment. We also provide 100% financing to those who qualify! Now when you find your dream home, you only need an appraisal and you can close on your home in only one week! This is a very valuable buying tool!  It gives you the negotiating power of a cash buyer, which often could save you thousands of dollars off the price of your dream home.

 Here’s how.... You and another buyer both put offers on the same home at the same time but your offer is $1200 less. The other buyer didn’t get pre-approved. This means if the seller accepts their offer, they must take their home off the market for a month or more while the buyers go through this process. If they don’t get approved, then the sellers have to start all over by putting their home on the market again.

 Most people believe that a bird in the hand is worth two in the bush and would rather have your guaranteed offer of $1200 less with a quick, smooth cash-like closing. You just saved $1200! Imagine how much more negotiating power you would have on a distressed property where the sellers need cash fast, or on a foreclosed or repossessed property.

 Another advantage is that your Realtor will work extra hard for you, concentrating all his efforts on finding you your dream home since he knows you are already approved for a loan. The only thing standing between him and a sale is that he needs to find you your dream home. Pretty strong incentive right?

 Also, if you have any credit blemishes or any other unique situations, we have time to take care of them before you enter into contract and start making moving plans. It will also give you tremendous peace of mind, and besides, it’s something you need to do before buying a home anyway!

Step 3:

Get FREE Professional Help

Now that you know how much house you can afford to buy and how much money you’ll need to close, it’s time for the fun part... Finding your dream house! If you’re like most people these days, you don’t have time to go driving around looking at several homes just to find out that most of them aren’t at all what you’re looking for. This is where it pays to use a Professional Real Estate Agent.

 The seller of the home usually pays the commissions for the Realtors, so it’s like you’re getting the service of a professional for absolutely free! Let them filter out the homes you’re not interested in. This way you only spend time seeing the homes with true potential. Taking a little time in the beginning to get the right people on “your team” will save you time, effort, money and grief later on.

Here are some tips for finding and choosing the right Realtor: 

Ask friends and family for names of Realtors that have done a great job for them in the past. (Be wary of using a Realtor that is a relative or close friend unless they are extremely qualified. It could cause a very uncomfortable situation, especially if you’re unhappy and need to fire them).

 Ask a qualified mortgage professional for the names of his favorite Realtors. It is very important that your mortgage agent and real estate broker work well together. Any mortgage agent that is active should have a good relationship with many of the more respected Realtors in town and will be happy to refer you to them. The Realtors we work closely with specialize in finding your desired area to live in, and price range of your dream home.

 Drive the area. If you already have a good idea of where you want to buy, drive around in that area and look for one or two really prominent Realtor signs. Chances are strong that they know a great deal about the strengths and weaknesses of that area and which ones are offering the best deals.

 Interview the Realtors. This is very important. You are about to enlist this person to represent you in possibly the biggest purchase of your life. You must feel comfortable with their knowledge, experience and integrity. Don’t be shy to call and ask them questions, not only about their experience and what they can do, but also about themselves, so you can get a real feel for that person. You need to feel comfortable with the person helping you to find your dream home.

 Step 4:

Finding your dream home quickly!

 Now is the time to put your Realtor to work finding your ideal dream home. The key is to be very specific when describing your home requirements. This helps the Realtor narrow it down for you. There is no reason to look at hundreds of homes when you can find your dream home in a narrowed down selection of only 4 or 5.

 After driving by the potential homes your Realtor suggests, choose the ones that most closely resemble your desired home from the outside. Your Realtor will then give you a tour inside these homes and when you find your dream home, your Realtor will help you negotiate the best deal.

 This is the surest, quickest and most effective way to find your perfect home and can save you months of searching.

 Step 5:

Negotiating the lowest sales price

So you and your Realtor have found the perfect house, in the perfect neighborhood, - your dream home. You know you can afford it because you’re pre-approved... Great! Now comes the negotiation.

Remember that a home purchase is a free market, arms length transaction between a willing seller and able buyer. The price is whatever you two agree upon.

 It is usually best to allow the Realtor to negotiate on your behalf. They have the experience in negotiating on properties and can usually do a better job. Remember, this is what they do for a living. They will work with you by pulling up all the comparable sales in that area in the past year and discussing with you the proper strategy for your offer. The average home sells for close to 95% of the asking price. Being pre-approved can help you increase that difference.

 Since there are so many factors that go into each negotiation, it would be difficult to outline them all here - every sale is unique. Your Realtor should be able to answer all your real estate questions.

 IT’S NEVER TOO LATE TO START!

Your dream home is just 5 easy steps away!

 Many people become disappointed by not buying their dream home today. Instead they wait until next year when they can save up another $5000 toward a down payment in an effort to lower their monthly payments. The sad thing is, when they have finally saved up another $5000, the value of their dream home has gone up another $10,000 - $15,000. Now they are several thousand dollars worse off than if they would have purchased today. Home prices are expected to rise several thousand dollars in the next couple of years. You can ride that tidal wave of appreciation by making inflation work for you instead of against you.

 Don’t get left out, and don’t get left behind!

Following the 5 easy Steps to Buying the Perfect home will save you time, stress and money. Even if you don’t plan on buying your dream home for another year or so, getting pre-­qualified now helps you set your goals for saving your down payment. It also gives you plenty of time to correct any credit situations.

The easiest way to get started on your 5 Easy Steps is to call today. Remember... It doesn’t cost you anything to get pre-qualified or pre-approved. There are no upfront application fees!

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Copyright © 2007 Aubrey Moore. All rights reserved.