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Adapted Realtor Magazine ©2005
How To Buy a Home
Study the market
Go to WWW.RealEstateFact.Com. View the homes for sale today in your price range. See photos and descriptions of all the homes for sale that match your price/town criteria.
Free - subscribe to the Home Market Update – new listings e-mailed daily.
Review the town-by-town home price lists to learn how many houses are for sale, low price, average price and high price. Updated all day.
Verify your finances
Get written verification that you have the resources to buy the home. That usually is a “pre-approval” letter from your financier. The sellers will want to have a reasonable assurance that you can finance your purchase. You’ll need a pre-approval to compete.
Make the arrangements to get your written verification before you start looking so that you will know which houses you can afford to buy. Ask me for a list of reputable financiers.
Focus your search on houses that are somewhat lower and somewhat higher than your affordable price.
The offer/contract
Read the Realtors Real Estate contract so that you will know what to expect when we do find the “right” home. It is the form that is used to submit an offer to buy a home.
Understand NJ real estate relationships
Ask me for and read the NJ Real Estate Commission pamphlet entitled “Consumer Information Statement - Real Estate Relationships in New Jersey” It explains the four different forms of real estate representation in NJ. They are disclosed dual agency, buyers agency, sellers agency and transaction brokerage.
Choose how you want to be represented and sign the appropriate form.
Learn about lead paint hazards
Ask for and read the Environmental Protection Agency (EPA) pamphlet entitled “Protect Your Family From Lead In Your Home”.
Sign the form entitled, “Disclosure of Information and Acknowledgement Lead-Based Paint and/or Lead-Based Paint Hazards”.
Contact Peter Macdonald and browse WWW.RealEstateFact.Com
To buy or sell a house.
To look at a house.
For complete house details whether or not it is a RE/MAX classified ad or yard sign.
To subscribe, to the Home Market Update - homes for sale listings e-mailed daily - FREE
To get a list of reputable financiers.
To ask a general real estate question.
Peter Macdonald REMAX broker salesperson Ridgewood NJ 07450
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