Buyer Top 10 Strategy

1.) Timing is at least as important as the worn-out mantra of “location” alone. The transition process from your former home to a new home is so strategic.

2.) Your Financial Plan should drive the mortgage, not the other way around. Your mortgage process must fit your greater picture.

3.) Team selection is strategic from real estate agent, mortgage company, an estate attorney for trust planning, CPA to home inspectors and more.

4.) Mortgage process, lender comparison shopping, documents submitted, terms structure, achieving virtual cash buyer status, needing only a purchase contract and an appraisal to close the transaction.

5.) Transition sequence and process are important, renting to buying, selling to buying, or relocation with corporate buyout. Contingencies with a Plan B are critical throughout.

6.) Must & Wants List, creates the list of deal-breaker “must haves” and the optional list of extras. Your process here results in buying the home that makes you much happier.

7.) Real Estate Purchase and Sale Contracts are the most critical documents of all. Dates and deadlines of inspections, loan approval, HOA regulations and many more issues depend on how the language is written.

8.) Educate yourself first, then your intuition will begin to develop. Your real estate agent should supply you with comparative trends, sold homes, under contract homes.

9.) Avoid Dysfunctional Properties. That’s actually an appraiser’s term for unusual homes or those in need of major repairs, structural or otherwise.

10.) Timing is so valuable, it’s mentioned beginning and end. Plus, the timing of feedback loops is all about when and where you change