Buyers

Buying a Home in Today’s Market
You may have heard it said that buying a home is the biggest purchase that an individual(s) will make in their lifetime. Whether you’ve spent years saving in preparation, or you may not be sure if a home is even affordable. The idea of a home purchase and the many questions surrounding home buying can feel like an endless and intimidating job.

Finding the answers to all the questions that you may have can be found with help from an experienced professional REALTOR®. ERA Tramco Realty has one of top real estate teams in the industry. ERA Tramco is a leader in the real estate business. ERA Tramco’s team of agents and brokers are not just real estate professionals, they are educators in the home buying process.

To start the process of learning about buying, here are some tips to help you become the proud owner of the home of your dreams:

Hire an ERA Tramco Realty Agent…
A criticial first step is to select a real seate professional to help you find and guide you through the purchase of the home. ERA Tramco’s agents and brokers will help you understand your financial expectations in buying a home. Working with one of ERA Tramco Realty’s Accredited Buyer’s Representatives (ABR) is worth the time because of that agent’s training and know-how in specificially working with buyers. A buyer’s agent is legally responsible for representing the buyer's interest in a real estate transaction. Have a REALTOR® explain the benefits of using a buyer’s agent today before looking at one property. Your ERA TRAMCO trained agent can guide you through every step of home buying process.

Contact a Mortgage Professional…
Buyers need to understand and be well versed on the different services that a mortgage professional can help provide for the home buying process. In most cases even a half a percentage point can be important to understand. This half an point could mean a considerable savings over the life of a loan to a buyer. Our endorsed and approved mortgage professionals will help guide buyers through the specifics of the loan process. Also early on, it is important to get prequalified for a mortgage loan. Armed with this information will help a buyer and their agent determine how much home a buyer can afford to buy. The pre-qualification process will allow buyers to move swiftly when you find the right home. This is especially important since often times there are other interested buyers in the same home. The pre-qualification letter indicates to the seller and their agent that the buyers are serious about making an offer on the home of interest and that the buyer can afford to buy the property.

Setting Correct Expectations in Buying…
An important step in home buying is to be realistic in the expectation of the type of home to purchase. Think about the features that are most important. Differentiating “Need” from “Want” is the key being content with the home buying experience. Some buyers find it helpful to create a list of wants and needs refining the lists as the decisions are necessary. A ERA Tramco trained agent can assist in this process for the progression of the transaction. Agents will help in the search by comparing the list with other homes online to see what is currently available on the market. An ERA Tramco real estate professional will then show the buyer houses that meet correctly set expectations.

And the Show is On…
The buyer is now ready to visit houses in one or more specific market areas. Your ERA Tramco agent will help the buyer by scheduling and arranging showings that meet your agreed upon criteria. Buyers will often find it easy to keep track of the homes by rating the listing on a #1-5 rating scale. Before a buyer with their ERA Tramco agent ventures out to see more properties, the agent will often encorage the buer to review their notes. In this way it helps immediate eliminate properties that clearly do not meet with the buyers standards. For example, in neighborhoods with two-car, attached garages, a single-car or detached garage may affect the home buyers home value for the future. An ERA Tramco agent can point out features that will help as well as hurt the resale value of the home in questions. The rating “1-5 scale” will help buyers make choices and elinamtations that way the buyers will not feel overwhelmed bu all the choices.

X Marks the Spot…or in this case the HOME!
Once the buyer has narrowed the home down to the exact dream house, than the agent will instruct the buyer that it is time to get serious about the financing. The paperwork and contract part of the property is one of the most important parts of the transaction. A buyer will fare best when they allow their ERA Tramco agent to guide them through this crucial home buying paperwork. Due to the fact that the buyer and the seller often have completely different goals, it is important to the buyer to rely on their experienced ERA Tramco agent to help guide the buyer through the negotiation process. The ERA Tramco agent will be able to explain items of protection to the buyer, like the home protection plans. The ERA Tramco trained professional will help both parties to a favorable agreement on the home. Next, the offer must be accepted by the seller and signatures exchanged on the contract paperwork.

Expect to Inspect…!
The next part of the process is that the home is ready for the inspection. Since there are over one million components to a home, it is reasonable to believe that even the best built homes will have imperfections. An ERA Tramco real estate professional can help the buyer find a reputable inspector. The negotiatation for repairs are the next item in the process. A trained ERA Tramco professional will assist the buyer in getting the most money for repairs after the inspector's report list the items for repair. The ERA Tramco agent will negotiate repairs as part of the purchase. After the repairs have been negotiated, confirm the repairs have been completed by the seller as negotiated by asking the ERA Tramco agent to request a “final walk-thru”.

The Finish Line…the CLOSING
! Before the closing date, the ERA Tramco agent will make sure the buyer has made all necessary deposits and completed the contract. This will including mortgage, title, homeowner's insurance, utility service contections, and any other necessary paperwork that is required by local or state governments. In an effort for the buyer to enjoy every moment of the home buying process, the ERA Tramco agent will review all necessary items to insure a timely closing. ERA Tramco agents will usually accompany the buyer to the closing at title company. The transaction of the.

There’s No Place Like Home
Congratulations! The buyer now owns the home until it is time to sell. The transaction is complete and the move-in begins. When it is time to sell call your ERA Tramco agent for an appointment and listing presentation.

Now that the buying process is understood, register below TODAY to have an ERA Tramco agent contact you for an appointment.