If owning a home is among your goals for 2019, you can start today by making several home buying resolutions! A wise home buying journey requires a sound financial plan, a good home buying education, and expert guidance from an Exclusive Buyer Broker! These steps will help you put a plan together.
1. Resolve to take control of your finances. If you are saddled with myriad financial obligations, begin with turning your budget around. Credit counseling services can help. If you’re in pretty good shape, it’s still smart to check your credit history and make sure it’s free of errors. You can check your credit score at MyFico.com.
2. Resolve to save money for a down payment. Ideally, you’ll want to keep an emergency fund set aside, in addition to having a savings plan for your down payment. Down payments can be as low as 3% for a Conventional mortgage, or 3.5% for an FHA mortgage.
If you wish to avoid paying mortgage insurance, you usually need a down payment of 20%. However, we know of an excellent local lender who offers no-PMI mortgages with 15% down, and no rate bump – contact us for a referral!
Remember too, that cash gifts can be used towards your down payment! If you are counting on gift funds for your down payment, see these important tips!
3. Resolve to get pre-approved for your mortgage. Before starting your home search, you need a realistic idea of your buying power. We can refer you to reputable lenders in Central Ohio who will explain all of your mortgage options. Contact us for a referral!
4. Resolve to learn about home buying from a reliable source. There’s tons of home buying “advice” on the Internet, but typical real estate websites stop short of giving buyers the complete truth – because they’re trying to attract sellers, too. Our free e-book, “How to Buy a Home like a Pro” gives you valuable insights to the home buying process, all without charge or obligation.
5. Resolve to work with an Exclusive Buyer Broker! We provide our Buyer-Clients with true fiduciary representation. We protect you throughout the home buying process, negotiating exclusively on your behalf to get the best possible price and terms. We can also show you any home on the market, including homes for sale on the Columbus Regional MLS, homes For Sale by Owner, and new construction for sale by home builders!
As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
