First Time Home Buyers
First-time home buyers have access to many grants, loans and financial help that can make buying a home easier and more accessible.
First-time buying assistance can include down payment assistant loans, down payment assistant grants, and closing cost assistance. There are government-sponsored and private programs that can help you pay with the financial aspect of becoming a home owner.
Seek advice for your Elite KY Homes profession or your lender regarding programs available in your town.
You can also negotiate, with help of your trusted realtor, for the seller to help with your closing costs, with seller concessions. The seller may be able to help with attorney fees, real estate tax services and title insurance. They can also help pay for points upfront to lower your interest rate and contribute to property taxes.
Home Buying
A real estate process it’s a complex transaction and a big financial investment. In a neck shell, buying a home involves:
- finding the property,
- securing financing,
- making an offer,
- negotiating the price and terms of the purchase,
- meeting deadlines,
- getting the home inspected by different professionals,
- securing homeowners insurance,
- and closing on the purchase.
On average, it takes 3 months to shop for a home, plus an additional 30-45 days to close on a home once you are under contract. But of course, the timeline can vary widely based on factors like the time of year, your financing needs, the type of home you’re looking for, and the inventory in your local market.
Buying a home is many people’s largest financial purchase, so most buyers take the time to make an informed decision. Many people when choosing a community in which to live look for certain things such as great schools, good city services, nice parks and playground facilities, convenient location shopping, transportation, and a track record of sound development.
One of your real estate agent’s job is to know in’s and out’s of communities and the home-buying or home-selling process.
We have up to 95% or more of the homes listed in any given community, which makes it relatively easy for buyers to access detailed information on homes for sale practically anywhere in the country.
Home Selling
A real estate process it’s a complex transaction and a big financial decision.
Your home selling journey should always begin with a Real Estate professional who is familiar with your local market and knows how to market your property properly.
Although Real Estate professionals wear several hats, listing agents are responsible for representing the seller in a real estate transaction. That includes advertising the property, creating listings and researching pricing using comparative market analysis.
Balancing finances and emotions could be the key to get the absolute highest price the market will pay and a successful transaction.
For many, selling a home entails a mixture of sadness, fear, relief, excitement and apprehension. These emotions conjure up many questions:
Are we doing the right thing?
Is now the right time?
What about the kids and their friends?
Can we really afford this?
Will the house sell before we move?
Everyone who sells a house has different goals that need to be factored in when calculating the selling price. Knowing yours will help you decide better between the offers you will once a buyers is interested in your property.
Ask yourself the following questions:
- Is your goal to get the maximum sales price for your house? If so, are you willing to have your house on the market for many months?
- Is your goal to sell your house quickly? If so, are you willing to sacrifice some of your potential profits to sell more quickly?
- Would you like to establish a balance between selling your house quickly and selling at the top end of market value?
Before your Realtor markets your house for potential buyers, they may ask you to sign a listing agreement. Essentially, this contract gives your listing agent permission to find a buyer for your home and highlights their commission on the deal.
An important factor into selling your house, is determining the right list price. The list price, or asking price, represents the amount you as the seller want a buyer to pay for your home. An effective asking price considers several factors in the final sum, such as the state of the market in your area, the condition of the property and seasonality.
Don’t worry about setting the right sales price of your house. I will run a Comparative Market Analysis (CMA) that will show the listing price of similar houses in the area as well as the prices at which the houses actually sold. Additionally, the analysis will give us information about houses currently on the market and about houses that were on the market but never sold.
We will work together having your best interest in mind.