Archive for the ‘pre-qualification’ Category

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Household Tips

July 28, 2008

by Linda Hutchinson

I am here today to share some household tips with you. OK…not the kind of tips you would expect.  To be honest. I don’t do dishes, don’t cook and have help around the house. Too much darn real estate to sell out there and I couldn’t care less what stain peroxide will remove.

But I do want to give you some buying tips for finding just the right house for you:

  1. Get pre-qualified. This is important. Too often I have buyers who come in ready to purchase a home and they think they know their price range. In today’s lending world, you have to sit down with an expert and talk to your lender. They can assess your financial situation and let you know, quickly, at what price point you will be comfortable. Surprisingly enough, it’s usually not the home price that matters. It is how much cash you have to put down and how much you have to pay per month.
  2. Narrow your search. There are so many listings in Orlando and many of them are luxury homes and many of them are homes in the $250,000 range. I have NEVER seen so many homes under $300K that were this high quality. If you were wondering if you could afford a nice home in the low $200K range…now is the time. They are out there and they are fabulous. BUT…you have to know where you want to live. Looking all over God’s green earth will only confuse you and wear out your agent. Chose a location and go for it!
  3. Be prepared to compromise. This may come as a shock to some but NO HOME IS PERFECT. There are many beautiful homes but not one has everything. I have not yet met a buyer who said this home was absolutely perfect. Most buyers end up with homes that are close to perfect and most importantly, make them happy. That is true perfection.
  4. Buy something you can afford. You don’t have to spend a fortune and you don’t have to spend up to your maximum loan limit. Buy what you will find is reasonable and enjoy life a lot. It is better to buy something you feel fits your budget than to buy a home that leaves you cash poor.
  5. Be satisfied. As my Dad always says…there is always someone with more than you and someone who has less than you. Be grateful for what you have and enjoy living. To borrow Martha’s phrase…It’s a good thing!

Cheers, Linda