• Buyer Tips

    BUYER TIPS

    Buying a home can be one of your most significant investments in life. Not only are you choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this page is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, we’re only a phone call or email away!

    Benefits of owning your own home:

    The Best Investment

    Income Tax Savings

    Stable Monthly Housing Costs

    Forced Savings

    Freedom & Individualism

    Room to Grow

    Important things to avoid before buying your home:

    Don’t Move Money Around

    The Effect of Changing Jobs

    No Major Purchases of Any Kind

    Don’t buy a car, or did you already buy one:

    Why You Should Not Buy a Car

    Debt-to-Income Ratios and Car Payments

    How Buying a Car Reduces Your Purchase Price

    The business cycle & buying a home:

    Recession and Expansion

    Supply and Demand

    Should You Try to “Time the Market”?

    Why You Shouldn’t Wait to Buy Your Home

    Home Insurance:

    Homeowner’s Insurance Basics

    How Much Does Homeowners Insurance Cost?

    Homeowners Insurance and Your Credit Score

    Homeowners Insurance for Condos

    Comparable sales & your offer Price:

    Determining Your Offer Price

    Comparable Sales in the Public Record

    Comparable Sales in the Multiple Listing Service

    Comparable Sales – Pending Transactions

    Other Factors Influencing Your Offer Price

    Major factors influencing your offer price:

    How Property Condition Affects Your Offer

    How Seller Motivation Affects Your Offer

    Offering to purchase real estate- the basics:

    Introduction and Overview

    Contingencies in a Purchase Offer

    Earnest Money Deposit

    The Closing Date

    Transfer of Possession

    Writing an offer- safeguards regarding the property:

    Disclosures from the Seller

    Condition of the Property

    Home Inspections

    Final Walk-Through Inspection

    How financing details affect your offer:

    Down Payment

    Interest Rates

    Closing Costs and Financing Incentives

    Seller Financing

    Cash Offers

    Other Financing Details in Your Offer

    How FHA & VA financing affect your offer:

    Extra Costs for the Seller

    VA and FHA Appraisals

    Selecting service providers:

    You and the Seller Must Agree

    Escrow and Settlement

    Title Insurance

    Termite and Pest Inspection

    Metro Realty Partners
    118 Vintage Park Blvd, Suite 123, Houston, TX 77020
    Email: [email protected]
    Tel: 281-433-9424
    Fax: 281-657-6207

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