Interested in a pool for your new home?
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Buying a Home in Charleston
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FREE HELP FOR BUYERS !
Most people just want the right home, at the right price. Most people, once they begin looking seriously, want to find that home fairly fast. Everyone wants to avoid a painful buying experience.
Sure, looking for a home can be enjoyable - maybe even fun. But home buying is a serious business and it's something that most people do not do all that often.
Can you buy a home (or sell a home) on your own without any assistance? Of course!
Can you overhaul your car engine? Sure! It may take you a little longer than a certified auto mechanic but all of the information, materials and tools are readily available. But, if you have a friend who is an expert mechanic and wants to help you for free, even donate the materials, maybe you should take the help.
Buying a home may not be as hard as doing an engine overhaul, but it is often more complex than most recognize. Overlooking a key detail, poor research, or unbalanced negotiations can end up costing way more than even the most expensive engine overhaul. It is serious business.
You have the opportunity to have the free expertise of someone who works every day buying homes.
The seller has hired an agent to work to archive the highest price and best terms for the seller.
Hire a buyers agent - someone working to get you the RIGHT home at the best price -
get the free professional help you deserve.
When you are ready to get started, call me. It's FREE!!
Chris DeLoach
843-270-1272
Chris@HousePlanRealty.com
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Important Articles and Information
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Request Online Reports
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Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.
Please contact me if you have any questions about buying a home in Charleston or elsewhere in South Carolina. |
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Why use an agent when you buy?
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"If your agent isn't a Buyer Broker - he works for the seller"
U.S. News & World Report
"Most agents who show you homes don't represent your interest. They work for the seller, and their objective is to sell the house at the highest possible price." USA Today
"Exclusive agencies are the best. They remove any conflict of interests, which is the main reason for considering a buyer broker in the first place." Kiplinger's Changing Times
"Always remember that a real estate agent does not work for you, but for the seller. If you want an agent on your side, get a buyer broker." Readers Digest
"Unlike the traditional agent who looks out for the seller, a buyer broker acts as your advocate, helping you find the home you want and then negotiating the lowest possible price. The best buyer brokers are so-called exclusive agents - that is they represent only buyers, never sellers. "Buyers average a 5% savings when represented by a buyer's agent rather than a sales agent." Money Magazine
"A buyer's broker . . . works for you. He or she is bound to keep your confidence and negotiate with the seller for the lowest price" Jane Bryant Quinn
To protect themselves, buyers can retain their own exclusive representative, called a buyer broker . . . Your local agent may offer such services, but a buyer’s broker who also works as a seller's broker can sometimes end up on both sides of the deal. Business Week Magazine
Buyers: If you want representation, work with a buyer's broker. They are legally obligated to represent your interests in negotiations with the seller. The Consumer Federation of America
Groups such as the Consumer Federation of America and AARP recommend using buyer's brokers. Smart Money
To protect themselves, buyers can retain their own exclusive representative, called a buyer broker . . . Your local agent may offer such services, but a buyer’s broker who also works as a seller's broker can sometimes end up on both sides of the deal. Business Week Magazine
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Do you need to Pre-Qualify?
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Wondering about payments or how much you can afford? Use this simple calculator to find out. |
10 Questions to Ask Your Lender
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Be sure you find a loan that fits your needs with these comprehensive questions.
1. What are the most popular mortgage loans you offer?
2. Which type of mortgage plan do you think would be best for us? Why?
3. Are your rates, terms, fees, and closing costs negotiable?
4. Will I have to buy private mortgage insurance? If so how much will it cost and how long will it be required? NOTE: Private mortgage insurance usually is required if you make less than a 20 percent downpayment, but most lenders will let you discontinue the policy when you’ve acquired a certain amount of equity by paying down the loan.
5. Who will service the loan? Your bank or another company?
6. What escrow requirements do you have?
7. How long is your loan lock-in period (the time that the quoted interest rate will be honored)? Will I be able to obtain a lower rate if they drop during this period?
8. How long will the loan approval process take?
9. How long will it take to close the loan?
10. Are there any charges or penalties for prepaying the loan?
Used with permission from Real Estate Checklists & Systems (http://www.realestatechecklists.com).
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7 Reasons to Own Your Own Home
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- Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
- Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there’s no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORSÒ found that a typical homeowner has approximately $50,000 of unrealized gain in a home.
- Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
- Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
- Predictability. Unlike rent, your mortgage payments don’t go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will rise.
- Freedom. The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home.
- Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
Renting vs Buying Calculator
Reprinted from REALTOR Magazine Online by permission of the National Association of Realtors Copyright 2005. All rights reserved. |
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