Buying or Selling a Home? Interested in Real Estate?
William Stark’s Worry-Free Home Buying Guidelines
For many people buying a home is a life goal, and selling a home can be complicated. How do you recognize if you’re ready to buy or sell? What financial moves should you make in advance? What are housing prices looking like this year, anyway?
What if I want to get into the Real Estate Business?
How do I get started?
Here to offer us some guidance is William Starks, Principal Broker, GRI, ABR. William can shed some insight into when the best time to buy or sell and what you need to know before you take the home-owning leap.
Katie T., Arizona
What should an individual prepare for when selling their home?
William: When listing a home for sale make sure your agent conducts a walk-through inspection and give suggestions. Suggestions on the best stage for the home. While doing the walk-through, agents should look to see if the rooms are cluttered or if any areas may need cleaning, painting or so. Importantly, details a person can do to get their home ready to sell is to give the front of the house a significant makeover. You want to make sure the landscaping is beautiful; the front door looks inviting. Include fresh paint, and all fixtures are in position. Modernize your kitchen and bathrooms; you want the potential buyer to feel at home!
Jasmine L. West Virginia
“When buying a home, why is it important to hire the best real estate agent?”
Jasmine, great question!
William: Make sure to seek an agent that you can count on. Remember their time is your time. Ask the agent questions; background experience, knowledge and their previous reviews. After you have a one-on-one conversation ask yourself, “Can I depend on him or her?” The right agent will always ask you questions about what type of home you are looking for and will produce the specific details for your home buying requirements.
For example, do you enjoy relaxing on the back deck with the sun setting in your eyes? If not they need to know where and when the sun sets. Are there trees in the backyard? Excitement can neglect the consideration of the required Fall landscape duties.
That’s when the right real estate agent comes in; they have complete knowledge of the specifics of the home you are interested in purchasing. Again, ask the agent questions and make sure that the home you are looking to buy meets your personal preference.
Sharon B.- Cincinnati, Ohio
“William, what is the first step someone must take before purchasing a home?”
William: Sharon, the first step anyone should take is to have a conversation with a loan officer. The conservation should involve your credit and finances.
Most lenders require that you have a credit score of 640 or better. You can be pre-approved with a lower credit score. However, your down payment may be higher and other added fees.
Once the loan officer runs your credit information, he/she will either give you a pre-approval letter. This letter will either state you can buy a home and the amount or notify you were not approved. If you are not approved, your officer should guide you on what you can work on to be approved. If approved, the next step would be to find a real estate agent to assist you with finding the best home. Please, call me if you have any questions!