7 Steps to Purchasing Property Like a Pro
How to Purchase Property Like a Pro
All Buyers are looking to get a great deal on a real estate purchase. Unfortunately, many Buyers are not aware of how to successfully start their search for that great deal.
Follow these 7 steps to get a great deal!
#1. Know your real price range. If you are making a cash purchase, make sure to have proof of funds (bank statement) ready. If you need to obtain a mortgage loan, have a pre-qualification letter from a mortgage lender.
#2. Choose specific criteria for your property search. Example: style, location, price range, min bedrooms and baths, min living sq ft,€¦etc. Will you live in the home or will this be an investment property? If for an investment, are you planning to flip the property or use as a rental?
#3. Decide if you are buying a "good deal" or a property? An unsuccessful Buyer will often say "I want a good deal." "Just find me a good deal". What is a good deal to one person might not be a good deal to another. A good deal to one investor might be a nightmare to another! You need to decide what a good property is for you!
#4. Identify your time frame. When do you want to buy a property? Do you need to move on a certain date? That will determine which type of property (short sale, bank owned, or regular sale) will be best for you.
#5. Decide if you want to work exclusively with me to utilize my knowledge and expertise. When you are my exclusive Buyer, you will be the first to know about the hot properties. It is all about the timing and market knowledge. I obtain great deals for my exclusive Buyers.
#6. Be ready to buy! The great deal that is on the market today is gone tomorrow! A smart Buyer will learn about the market from the properties that I send to them via email. When they are ready to buy, we will then go to visit properties and find the best deal to place an offer.
#7. Make a smart offer. Don't waste an opportunity by putting in a lowball offer. I know the market, will pull comparable sales and will help you make an educated decision about what is a good offer price. Keep in mind that a Seller will only consider an offer that makes sense.
(If you are still working on Step #1, that great deal is gone!)
All Buyers are looking to get a great deal on a real estate purchase. Unfortunately, many Buyers are not aware of how to successfully start their search for that great deal.
Follow these 7 steps to get a great deal!
#1. Know your real price range. If you are making a cash purchase, make sure to have proof of funds (bank statement) ready. If you need to obtain a mortgage loan, have a pre-qualification letter from a mortgage lender.
#2. Choose specific criteria for your property search. Example: style, location, price range, min bedrooms and baths, min living sq ft,€¦etc. Will you live in the home or will this be an investment property? If for an investment, are you planning to flip the property or use as a rental?
#3. Decide if you are buying a "good deal" or a property? An unsuccessful Buyer will often say "I want a good deal." "Just find me a good deal". What is a good deal to one person might not be a good deal to another. A good deal to one investor might be a nightmare to another! You need to decide what a good property is for you!
#4. Identify your time frame. When do you want to buy a property? Do you need to move on a certain date? That will determine which type of property (short sale, bank owned, or regular sale) will be best for you.
#5. Decide if you want to work exclusively with me to utilize my knowledge and expertise. When you are my exclusive Buyer, you will be the first to know about the hot properties. It is all about the timing and market knowledge. I obtain great deals for my exclusive Buyers.
#6. Be ready to buy! The great deal that is on the market today is gone tomorrow! A smart Buyer will learn about the market from the properties that I send to them via email. When they are ready to buy, we will then go to visit properties and find the best deal to place an offer.
#7. Make a smart offer. Don't waste an opportunity by putting in a lowball offer. I know the market, will pull comparable sales and will help you make an educated decision about what is a good offer price. Keep in mind that a Seller will only consider an offer that makes sense.
(If you are still working on Step #1, that great deal is gone!)
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