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A Real Estate Formula
It was a simple real estate formula. The ads ran in our
small-town newspaper for years before I realized exactly what
was going on. They were always the same: A house for sale with
5% down and payments of 1% of the purchase price. Maybe a...
FSBO Real Estate
Buying FSBO real estate, or houses for sale by owner, has its
own particular problems and opportunities. Dealing with an
uninformed seller who thought he knew enough to handle
everything by himself can be frustrating, but it can also be
very...
Real Estate Timing - when to buy, sell, hold
When is the best time to buy real estate? When buying real estate for investment, smart money does not buy at, or near, the top of the market. Smart money buys real estate at, or near, the bottom of the market.
Historically, real estate often...
San Francisco Real Estate: Buyer's Market? Seller's Market? Both?
San Francisco real estate, one of the USA's supposedly "frothiest" real estate markets, is no longer an instant jackpot for sellers-now it's just a jackpot. Buyers, though still facing high prices, now have enough time to actually think an offer...
Will You Be the Next Virtual Real Estate Millionaire?
Copyright 2004 Dave Isaacs
http://www.infinite-revenue.com
Have you heard the term Virtual Real Estate?
This is a buzz word or catch phrase commonly used by
renowned traffic guru, John Reese. If you haven't yet
heard of it, then mark...
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Things To Consider Before Talking To An Real Estate Agent
Purchasing a home is a huge investment, and one not to be taken lightly as there is so much to consider. Did you know that it is also one of the most personal. That's right most people don't look at it that way but it's true. There is alot of emotion that goes into the search for your home. Not to mention one of the largest you will make in your lifetime?
There are few things you will want to consider prior to contacting a real estate agent:
1. Who are the major decision makers in this matter? If there is more than just yourself, you will want to determine. Do they need to be present during the looking process, or do they want to be, or do they just need to approve the end result.
2.What is the schedule of all the decision makers involved. Coordination plus timing can greatly reduce the looking process and the time required to find you your perfect home. This is also important to your real estate agent. They will ask you when you are available to look at properties. And set a date(s). Should your schedule change for any reason even a short period of time you will want to keep your realtor informed.
3.Price Range? Do you know how much you can afford to spend. If you haven't already spoke to a Mortgage Broker and are pre-approved you will want to do this now. They can take your information over the phone and have an answer for you in 3-5 days as to the amount of a mortgage loan you will qualify for.
4.Area- where do you want to live. Cities to towns right down to communities. But remember whatever information you give to your realtor they will take you literally. Once again if you change your mind let your realtor know immediately.
5. Style-consider the style of house most favourable to you. For example if you have an elder living in your home that cannot climb stairs very well or at all. You probably would not entertain a Two-Storey home.
6. Size and number of bedrooms. People usually base their decision on how many people will be living in the home, additions they may have in the future, or people leaving the home.
7. Parking- this usually is a decision strongly influenced by the man of the house. Attached or detached, single, double.etc. For most females it's a no brainer (attached of course)! For men it would depend if they are a mechanic or woodworker. As females we would normally say who cares, but the fact of the matter is they make these decisions based on noise level or possible stains in the driveway. See they do love us.
These are all things to consider prior to speaking with a real estate agent. However if you are still unsure as to any of the listed options above. If you have an agent in mind that you would prefer to use, I'm sure they would be happy to show you a few different types of properties so you can make the best possible decision to suit your lifestyle.
Happy house hunting
About the Author
Licensed real estate agent in the city of Edmonton.
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