Sneak Peak at Homebuyer Seminar – Are You Ready?

One of the keys to making the home-buying process easier and more understandable is planning. In doing so, you’ll be able to anticipate requests from lenders, lawyers and a host of other professionals. Furthermore, planning will help you discover valuable shortcuts in the home-buying process.

Do You Know What You Want?
Whether you are a first-time home buyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing timeframe?

Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals. As an interesting exercise, it can be worthwhile to look at the questions above and to then discuss them in detail when meeting with local REALTORS®.

Do You Have The Money?
Homes and financing are closely intertwined. (Financing is the difference between the purchase price and the down payment, commonly referred to as debt or the mortgage.) The good news is that over the years new and innovative loan programs have evolved which require a 5 percent down payment or less. In fact, a number of programs now allow purchasers to buy real estate with nothing down.

In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with closing the loan). Several newly emerging loan programs not only allow the purchase of a home with no money down, but also underwrite closing costs.

Not everyone, however, elects to purchase with little or no money down. Less money down means higher monthly mortgage payments, so most home buyers choose to buy with some cash up front.

As to closing costs, in markets where buyers have leverage, it may be possible to negotiate an offer for a home that requires the owner to pay some or all of your settlement expenses. Speak with local REALTORS® for details.

Is Your Financial House in Order?
Those great loans with little or nothing down are not available to everyone: You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.

Sign Up To Attend Our FREE Home Buying Seminar on Saturday October 8, 2011!

276957_120196834752791_179215972_n[1]Is this the year you buy your first home? There are plenty of great properties on the market, and prices are more attractive than in recent months. Interest rates are still low, but expected to rise this year.

How much do you need and how can you save for a down payment? What’s the best type of mortgage for you? What homes are available and what sorts of programs are out there to help a first-time buyer or a Second time home buyer?

At this informative seminar you will learn the process of buying a home and how to take advantage of the current buyers market. This event is hosted by a real estate professional.

The seminar will be held on:

Saturday October 8, 2011

10:00am – 12:00pm (ET)

(Access information will be provided upon registration)

You can RSVP to the seminar by calling AL Grant 202-256-8592.

or Click here to RSVP on Facebook if you are not a fan click ‘Like’ to get access

GREAT 2 Bedroom / 2 Full Bath CONDO in Washington, DC. Call me today at 202-256-8592 to view the property. Click on link below to for more details:

 

 

 

 

– AL

Al Grant Realty Group – Re/Max Allegiance

Office Phone: 202-580-6607 – Cell Phone: 202-256-8592

Web: www.algrantrealtygroup.com

Email: al@algrantrealtygroup.com

Blog: www.algrantsblog.wordpress.com

Join us on Facebook: Click Here!

The finest compliment I can receive is a referral from a friend, client or colleague. If you know of someone thinking of purchasing or selling a home, I would appreciate an introduction. Be assured, I will extend to them my highest degree of service and professionalism.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s