PRECEDING ISLAND, Maine (WAGM). Now that you’ve decided to dive into home ownership, it’s time to explore what you can expect from the home buying process itself. In this week’s Real Estate Issues, Sean Cunningham continues his discussion with real estate agent Stephanie Fields about how to handle this chaotic process with ease.
You have selected the home and area you want to move to. But there are many moving parts before you can arrive at your destination in your new home ownership. Now the next task … to make an offer.
Stephanie Fields, Realtor, Fields Realty LLC.
“Your real estate agent will help you decide how much money you want to offer for the house, as well as what conditions you want to ask for. Your agent will then submit an offer to the seller’s agent; the seller will accept your offer or make a counter offer. “
Sean Cunningham – NO BASE
There can be many complex moving parts in the forward and backward proposal debate …
“Before submitting a proposal, take another look at your budget. This time, you need to consider the estimated closing costs (which can range from 2% to 5% of the purchase price), travel costs, and any immediate repairs and mandatory fixtures you may need before you can move in. Think ahead: it is easy to get ambushed by higher or unexpected utility and other costs if you move from a rental home to a larger home. You can request electricity bills for the past 12 months, for example, to get an idea of the average monthly costs “
This is followed by the task of inspecting the house. Fields, which are an essential element that home buyers should invest in …
“These are very minimal costs compared to a purchase of 80-100 thousand dollars. That’s a lot, but it’s a small expense, given the type of chase you are. ”
There are other important aspects of verification … and even after that …
“We negotiate back and forth, once you agree that people either walk past the inspection report, then the next step is to evaluate and prepare for closure, and if we cannot pass the inspection report, the buyer is simply not satisfied with the buyer and seller verification. cannot agree that the buyer will receive the deposit back, and then he will continue to search, and then the seller will put the house on the market again ”.
She says it happens. But don’t be discouraged. She says the right steps and the right team, including the realtor, can ultimately lead you to the right new home. Sean Cunningham, NS 8.
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