Buying a Home

Definition of a pre approval: The buyer has supplied the lender with all pertinent information that has been investigated and verified. The buyer is approved for a loan of a certain amount.

Definition of a pre qualification: The buyer has been quoted an amount on which they MAY be qualified for. The information given is general and not investigated or verified. Can be done
verbally or over the Internet !

Pre approved buyers are obviously more likely to be taken seriously by sellers and Brokers.

FIND OUT WHAT YOU CAN AFFORD
In order to only look for homes in your price range it is a good idea to get in touch with a lender to find out what price range you and your Realtor should be shopping in. This will save you time
and prevent you from falling in love with a home that is outside of your price range.
Contact a lender that you feel comfortable with or ask your Realtor for a list of local lenders he/she works with.

Think in terms of possibilities as well as of your criteria is met, it shouldn't be long before you find the right home. Perhaps a home isn't move-in perfect, but with a
little work it could be the home for you. Don't let cosmetic or minor remodeling problems discourage you.
Before you start house-hunting, decide what you really need in a house. This is just like going to the grocery store with a shopping
list WISH LIST PDF it can save you time and money. HUD offers a wish list PDF that can help you pinpoint your housing needs.
AS A REALTOR WE CAN ACCESS AND SEARCH THOUSANDS
OF HOMES ON THE MARKET THROUGH THE M.L.S.

The appraisal is usually mandatory especially if you are obtaining a loan. The Home Inspection is probably the best money you can spend as a home buyer. We work
with several and would be happy to recommend qualified inspectors.
A survey can be done if there are any concerns about property lines or encroachments.

Disclaimer

All information on this site is provided for informational purposes only! By no means is any information presented herein intended to substitute for the advice provided to you by
any professional or organization.

Loomis Real Estate

Buyers Corner

Finding and buying the right home is not as overwhelming as it may seem. There are a few steps to take in order to prepare yourself. With our help, time and experience it can
actually be a very exciting and enjoyable process.

There are several ways to shop around online for homes, we can do this for you or right along with you. The important part of the home shopping process is the due diligence
required before making an offer. We want you to get the home on your terms and for the best possible price that both parties can agree on. We truly are a buyers advocate.
We research price history, market conditions and endless sources to make sure that you are informed about the homes that you are considering to purchase.