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Buyers
Meet with a mortgage broker and find out how much you can afford to pay for a home. Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.
Buyers
Meet with a mortgage broker and find out how much you can afford to pay for a home. Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.

Pre-Qualification

Meet with a mortgage broker and find out how much you can afford to pay for a home.

Pre-Approval

While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you’re interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.

List of Needs & Wants

Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.

Representation by a Professional

Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.

Focus & Organization

In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:

  1. In a convenient location, keep handy the items that will assist you in maximizing your home.
  2. A file of the properties that your agent has shown to you, along with ads you have cut out from the newspaper.
  3. Paper and pen, for taking notes as you search.
  4. Instant or video camera to help refresh your memory on individual properties, especially if you are attending a series of showings.
  5. Location: Look at a potential property as if you are the seller. Would a prospective buyer find it attractive based on school district, crime rate, proximity to positive (shopping, parks, freeway access) and negative (abandoned properties, garbage dump, source of noise) features of the area?

Visualize the house empty & with your decor

Are the rooms laid out to fit your needs? Is there enough light?

Be Objective

Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don’t make a hurried decision that you may regret later.

Be Thorough

A few extra dollars well spent now may save you big expenses in the long run. Don’t forget such essentials as:

  • Include inspection & mortgage contingencies in your written offer.
  • Have the property inspected by a professional inspector.
  • Request a second walk-through to take place within 24 hours of closing.
  • You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please email me or call me directly to discuss any of these matters in further detail.

LIST OF BLOGS

6814 Dean Dr, Mclean, VA 22101

Price: $2,449,999 6814 Dean Dr, Mclean, VA 22101 MLS #: VAFX2011588 Tax ID #: O Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 3 Furnished: No Waterfront: No Garage: Yes Beds: 6 Baths: 6 / 1 Above Grade Fin SQFT: 5,811 / Estimated Price / Sq...

6709 Heatherford Ct, Rockville, MD 20855

Price: $600,000 6709 Heatherford Ct, Rockville, MD 20855 MLS #: MDMC2008068 Tax ID #: 160400132685 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 2 Waterfront: No Garage: Yes Beds: 5 Baths: 3 Above Grade Fin SQFT: 1,176 / Assessor Price / Sq...

12942 Sugarloaf Chapel Dr, Clarksburg, MD 20871

Price: $574,999 12942 Sugarloaf Chapel Dr, Clarksburg, MD 20871 MLS #: MDMC2008426 Tax ID #: 160203433166 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: Yes Beds: 4 Baths: 3 / 0 Above...

5540 Colfax Ave, Alexandria, VA 22311

Price: $795,000 5540 Colfax Ave, Alexandria, VA 22311 MLS #: VAAX2001994 Tax ID #: 010.01-01-03 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 1 Waterfront: No Garage: No Beds: 4 Baths: 2 / 1 Above Grade Fin SQFT: 1,596 / Assessor Price / Sq...

2304 Kimball Pl, Silver Spring, MD 20910

Price: $769,000 2304 Kimball Pl, Silver Spring, MD 20910 MLS #: MDMC2008540 Tax ID #: 161301004297 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 3 Waterfront: No Garage: No Beds: 4 Baths: 2 / 1 Above Grade Fin SQFT: 1,420 / Assessor Price /...

5970 Edgehill Ct, Alexandria, VA 22303

Price: $629,900 5970 Edgehill Ct, Alexandria, VA 22303 MLS #: VAFX2011844 Tax ID #: 0833 36 0013 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: No Beds: 3 Baths: 3 / 1 Above Grade Fin...

3071 Southern Elm Ct, Fairfax, VA 22031

Price: $589,900 3071 Southern Elm Ct, Fairfax, VA 22031 MLS #: VAFX2010772 Tax ID #: 0483 36 0086 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: No Beds: 3 Baths: 3 / 1 Above Grade Fin...

14007 Betsy Ross Ln, Centreville, VA 20121

Price: $524,900 14007 Betsy Ross Ln, Centreville, VA 20121 MLS #: VAFX2011830 Tax ID #: 0652 09 0211 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: No Beds: 3 Baths: 3 / 1 Above Grade Fin...

6496 Davis Ford Rd, Manassas, VA 20111

Price: $475,000 6496 Davis Ford Rd, Manassas, VA 20111 MLS #: VAPW2004522 Tax ID #: 7994-58-9860 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 2 Waterfront: No Views: Garden/Lawn, Trees/Woods Garage: Yes Beds: 4 Baths: 3 Above Grade Fin SQFT:...

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