Buyers

Found 91 blog entries about Buyers.

What to look for when buying a house — and what not to do.

The only thing more exciting than shopping for your first house is the day you move into it. And in your eagerness to get to that day, there are a bunch of opportunities to botch the shopping.

Here are some #facepalm moments and the house-hunting tips you'll need to avoid them.

"I Saw the House Online. It's Perfect — Let's Make an Offer Before It's Gone!"

Buying a house sight unseen?!? Whoa. Online photos are a fun sneak peek — and that's all.

Before you plan marriage after the house equivalent of swiping right, consider this:

  • It's the photos that aren't in the gallery you should worry about. You won't see the hastily patched cracks in the home's foundation. Or the mold in
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It’s fun! It’s exciting! It’s important to take everything with a grain of salt!

Oh, let’s just admit it, shall we? Browsing for homes online is a window shopper’s Shangri-La. The elegantly decorated rooms, the sculpted gardens, the colorful front doors that just pop with those “come hither” hues.

Browser beware, though: Those listings may be seductive, but they might not be giving you the complete picture.

That perfect split-level ranch? Might be too close to a loud, traffic-choked street. That handsome colonial with the light-filled photos? Might be hiding some super icky plumbing problems. That attractively priced condo? Miiiight not actually be for sale. Imagine your despair when, after driving across town to see your dream home, you realize

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1. You Need A Large Down Payment

The first step to buy a home in Albuquerque NM for many home buyers is to get pre-qualified or pre-approved for a mortgage. Home buyers need a good lender to understand the different home loans they may be qualified.

There are many different types of loans and all different down payment requirements:

  • In Albuquerque, there is a first time home buyers program that allows first time home buyers to buy a home with an out of pocket payment of $500 to $1000.
  • There is another home loan called the Next Home, this home allows home buyers to purchase a home for as little as 0.50% down payment.
  • Federal Housing Administration (FHA) loans require a down payment of only 3.5%.
  • If you
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It’s fun! It’s exciting! It’s important to take everything with a grain of salt!

Oh, let’s just admit it, shall we? Browsing for homes online is a window shopper’s Shangri-La. The elegantly decorated rooms, the sculpted gardens, the colorful front doors that just pop with those “come hither” hues.

Browser beware, though: Those listings may be seductive, but they might not be giving you the complete picture.

That perfect split-level ranch? Might be too close to a loud, traffic-choked street. That handsome colonial with the light-filled photos? Might be hiding some super icky plumbing problems. That attractively priced condo? Miiiight not actually be for sale. Imagine your despair when, after driving across town to see your dream home,

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Private mortgage insurance is unavoidable for some homeowners, but don’t pay PMI premiums a day longer than required by your lender.

#1 Home Inspection

A home inspection helps protect you from purchasing a home that could be a lemon. So you don’t want to forgo it. 

REALTOR® Tip: Your inspector isn’t required to be an expert in everything. If you suspect termites, asbestos, and foundational issues, for instance, you’ll need to hire a specialist.

 Inspectors will look for signs of structural issues, mold, and leaks; assess the condition of the roof, gutters, water heater, heating and cooling system; and more. Inspections cost between $300 and $500, and whether or not you end up purchasing the property, you still need to pay this fee. 

#2

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The ultimate timeline ensures the smoothest of transitions.

A real yard. Closets bigger than your average microwave. The freedom to decorate however you darn well please!Making the switch from renting to owning is exhilarating, but many rookie homebuyers find the process trickier to navigate than they expected.

This is why we created our First-Time HomeBuyer Checklist. The 12-month timeline will help you sidestep common mistakes, like paying too much interest or getting stuck with the wrong house. (Yep, it happens!)

2 Months Out

Check your credit score.Get a copy of your credit report at annualcreditreport.com. The three credit bureaus (Equifax, Experian, and TransUnion) are each required to give you a free credit report once a year. A Federal

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Real estate negotiation tips so you can buy your dream home — and not overpay.

You’ve looked at enough houses to fill an entire season of House Hunters and finally picked one to buy. Now you’re ready to make an offer.

Your agent can help guide you through this nail-biting phase of negotiating a house price, but ultimately, you call the shots. Here’s how to negotiate like a boss.

Fail #1: Thinking House Price is All That Matters

That house with a price point $15k below your budget? It may seem like a deal — until you add on the costs of maintenance and replacing the aging appliances.

Planning on repainting, remodeling, or landscaping, too? Suddenly the price looks a whole lot higher.

When developing your offer, calculate in the

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The day will come — and it will be a wonderful, joyous, do-a-happy-dance day — when you receive an offer, or multiple offers, for your home.

And on that day, you’re going to face a question you may not have previously considered: How do you know if an offer is the best one for you?

Your listing agent will be a big help here. They will understand and help you suss out the merits and faults  of an offer because — believe it or not — it’s not always about price.

One buyer’s beautifully high offer might not look so good anymore, for example, if you discover that it’s contingent upon you moving out a month earlier than planned. Or, conversely, you may prefer speed over price, particularly if you’re moving to a new city. 

Your listing agent will

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What you need to know to get the best deal for you.

When it comes to evaluating offers, what’s good for the goose may not necessarily be good for the gander. One seller may be overjoyed with their offer, while another may be disappointed.

That means, in order to figure out whether an offer you receive is “good” —and whether you should negotiate — you’ll need to do two things:

  • Think back to your original goals, and ask yourself whether this offer helps you meet them.
  • Get advice from your agent, who can help get the best deal for your specific situation, wants, and needs.

So what do you, the seller, need to know before negotiating with a home buyer? We’ve got answers to some commonly asked questions.

What’s a Counteroffer?

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Come for the adventure, stay for life!

There are many reasons to consider relocating or retiring to Farmington.  A community of our size, roughly 45, 000 people, is the best of both worlds.  Small enough to have the warm, inviting small town feel but large enough to have the amenities and comforts of a city much larger.  Farmington is the retail hub for a large radius around us and into neighboring states. Because of this, it provides a great variety of shopping resources.  Let Farmington energize your life journey!

Top Reasons to Relocate or Retire in Farmington:

  1.       Excellent Climate—With four distinct seasons, and mild winters, Farmington’s weather is one of the top reasons residents have for living here.  Outdoor adventures can be
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