Buying a homeI can help you find the perfect home, make sure you get the best price, and that the transaction runs smoothly from start to finish.
A home is one of the largest (and most fulfilling) purchases you will ever make
When the time comes for you to purchase a home, and you’re filled with excitement tinged with a little bit of nervousness, it is at this point that you need to take a moment to settle down and think clearly about all the niceties involved in making this happen. Whether you’re a first time buyer or just upgrading, doesn’t detract from the fact that you have a huge task ahead of you. Where to start from, the amount you can afford, or who to ask for help are some of the things that will be running through your mind. A lot of people refer to the act of purchasing a home as the biggest purchase an individual will make in their lifetime. My advice is that you devise a plan to guide your decisions because a person without a plan is already on the pathway to failure.
A lot of buyers begin their purchasing journey from the internet just like you, but after a while, they take that emotional step of viewing the inside of the homes. You’re then forced to start paying visits to open houses, new construction sites, or calling just about any agent who happens to list a home in your preferred area. However, most buyers do not stop to think about whether or not the approach they’re using is the right way to go. The truth is that, this is a totally wrong approach which is evidenced by the fact that it ultimately leads to more harm than good. It can compound an already stressful procedure by adding even more layers of stress and confusion. Check out this short story:
Illustration: After scrounging the internet for two full weeks, a couple buying for the first time decides to visit an open house. They instantly fall in love with the home and are ready to buy it. What should be their next line of action? The first issue here is that they have failed to get any form of representation. Because of that, they’ll probably end up using the agent in charge of the house hosting whom they know nothing about! The agent will probably inform them that they’re hosting for a listing agent and not the owner. They did not even attempt to get approved for mortgage before making an offer. Because they want the home, they hurry to get pre-approved. Before you know it, they’ve discovered a mortgage lender online who is ready to ‘approve’ them. The agent later stops returning their calls, seeing as it is a part time job and she’s busy with her full time job. When she finally gets to return their call, there are two other offers but she still goes ahead to submit their offer. Before you know it, they’ve lost the home because the agent was unable to draft a proper contract and the seller is skeptical about accepting an offer that is backed with only a pre-qualification letter. The buyers were unaware that the mortgage lender that they picked was known for his incompetence which is why he was incapable of qualifying them.
Sadly, things like this are common place, which generates a lot of negative impression about real estate agents as well as the home buying process as a whole. The lesson to be learned from the story is that it is wrong to burst into the process of home buying without a valid plan because it will end up frustrating you, and wasting your time and money. The entire process has a procedure, and employing the services of a professional makes everything efficient. If you’re of the opinion that the job of a real estate agent is all about opening the door and showing you the number of bathrooms in a home, then you need to have a complete re-evaluation. The first thing you need to know is that, real estate agents vary. We’re not all the same. Being an expert in the field involves more than just opening doors. It involves possessing the requisite skills to appraise the market value of a home. Examples include searching for economic obsolescence, ability to give a comprehensive explanation about progression and regression, ability to carry out a Comparative Market Analysis (CMA) for a buyer, and so on. It is important to understand the significance of a real estate agent. If you do, you can easily avoid all these problems. Picking a Realtor to represent you, and getting a mortgage lender to pre-approve you for a loan, are the two major steps involved. You must consult a realtor and a lender before you even start looking at any homes. It is extremely important to make the right choice, because this can be the difference between your getting a home or not. By and large, it is always a good idea to start by picking a realtor, to enable them guide you through your choice of mortgage lenders.
Our objective is to eradicate experiences like these and concentrate on making sure buyers possess proper knowledge of the process, creating goals and timeframes, and ensuring that they understand the intricacies of the finance involved and that they also have everything in place before they begin their search. I make it a point of duty to schedule buyer consultation meeting with every buyer in other to educate them and acquaint myself with the details involved, even if they’re not first time buyers.
My entire career has been devoted to satisfying my clients. In other to achieve this objective, I broadened my knowledge in other to improve my skills in preparation for all the available buyer experiences. Receiving designations like the Certified Residential Specialist (CRS) and the Accredited Buyers Representative (ABR) have equipped me to be able to provide my clients with the highest degree of skill and professionalism that can be found anywhere in this field. Please feel free to go through my educational background to view all the designations and certificates that I have been able to earn and how they affect you as a buyer.
Here are some ways I can help you buy your perfect home
First Time Buyers
Working with first-time buyers can be a source of great joy. There’s this feeling of excitement and it’s all still new to you as you begin another journey in your life. First-time buyers were the focus of my attention in my early years and that experience made a huge impact on me. In order to have a positive home buying experience, it is important to have a good plan. I cannot overemphasize how important it is to set up a buyer consultation meeting so as to establish a good foundation to make the whole process as seamless as possible. Taking you out to checkout homes takes a backstage to the entire procedure. My theory is not only for first time buyers but for anyone interested in buying a home.
New Construction Buyers
I find it strange that there are lots of buyers out there that actually feel they don’t require the services of a REALTOR when purchasing a newly built home. This is such a fallacy. The truth is that, the sales agent sitting that home was hired by the seller and there’s no way he’ll put your interest above that of the seller. It is not to say that they have your interest at heart just because they help you handle the procedures involved. They’re only loyal to their clients and the profit they will gain from the transaction. Over the years, I have sold a lot of newly constructed buildings to my customers and they’ve always appreciated my professional input and valued my representation even after the transaction was complete. My recommendation is that a buyer consultation meeting should be set up.
There are lots of challenges involved in locating that perfect high class home. The first thing you need to ask yourself is if you’re better off building a suit or acquiring pre-owned home that meets all your criteria. The next thing you have to decide is who to employ, who is an expert in the field that can make sure you get your heart desires. A lot of high-end sellers want to work with the best which means they’re always on the look-out for the best in the industry. An excellent way to commence will be to choose an agent who deals in luxury homes. It is also very important to work with an expert with an eye for details.
Selling and Buying (Move-Up Buyers)
This is often the hardest buying experience because it comprises of two transactions, which makes it vital to have a plan. If you thought one transaction was demanding, imagine how challenging it is to sell or buy a home considering the nature of this market. This makes it imperative for you to have a discussion about your specs, what you want, need and aim to achieve. My proposal is for us to have a buyer and seller meeting at your home. We will discuss how you want your next home to be like and appraise every feature of the home. We will carry out a review of several homes before putting your home on the market in order to ensure that your requirements can be found out there. In essence, we’ll make sure that you achieve your desire. All of these will require a lot of information and consultations and even follow-up meetings if necessary.
Real estate investment buying comes with a lot of twists and turns and compared to the regular home buyer who may buy every 7 to 10 years, in real estate investment buying, you may find yourself buying properties on a yearly basis or even more regularly. It could be just a small home for rent or a big family house. If you’re going to go into real estate, it is imperative for you to engage the services of a good REALTOR to act as your go-to agent. This could also include investors who flip properties instead of just leaving them in their portfolio. Through the course of my career I’ve been able to evaluate a good deal and then inform my clients on the most profitable path to take.
The word relocating in this regard can mean corporate relocation or relocating without transfer from an organization. It is imperative to engage the services of an expert when doing this. Although a lot of the relocating companies out there would rather have you use their REALTOR, it is important to note that as long as you find a REALTOR who is ready to work within the limits of the relocation company and possess a good understanding of how relocation companies work, there’s nothing stopping you from picking ANY Realtor of your choice. It is advisable to go with an expert who possesses the skills, and a first-hand experience of how relocation companies operate, because it involves more details than a regular sale. If you happen to be out of the country, state or area, scheduling a buyer consultation meeting as soon as you’re available should be top on your agenda.
Downsizing in any form is never an easy task. When it comes down to it, you’re moving from a place you’ve called home for years. There is always the challenge of fitting all your possessions into the new house when you buy a smaller house. Selling off your current home will not be an issue because we’ll take care of it for you, seeing as we have all the patience and understanding needed to successfully purchase a new house.
Coming from a military family, it is an absolute honor to be able to serve those who keep me safe and free. When it comes to purchasing a home, military families can take advantage of the Government’s VA benefits as long as they fit a few simple parameters. With the help of these aids, you can get into a home WITH NO MONEY OUT OF YOUR POCKET. I think you’ll agree that it makes sense to work with a real estate agent that is not only well versed in these benefits, but also has money lenders who are experts in VA loans. With this, you can get the best government VA benefits and avoid all the hassle involved in getting a house.
Contact Mike to Get Started
Bucks and Montgomery County Real Estate Specialist
The most important qualities found in any great Bucks County real estate agent are far and wide the same: experience, in-depth knowledge of the local market, and a bit of market foresight to ensure their clients stay one step ahead. Mike Friedman holds all of those qualities, certainly, but it’s the relationships and the genuine care that he provides his clients that truly sets him apart from other realtors serving the Montgomery County real estate market.
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