STEP 1 - GETTING READY TO PURCHASE
There is a saying Proper Planning Prevents Poor Performance. For the majority of
people their personal residence is their biggest asset; thus, the more you know about
home buying the less stressful and complicated the process becomes. Being aware of
all your options and potential pitfalls means you’ll be able to make the right series of
informed decisions, increasing your chances of enjoying the process and walking away
with the keys to a smart investment.
Education: Understanding The Process
Home Buying Articles & Advice
The articles are set up to be a tutorial, taking you step by step through the home
buying process. This tutorial is provided by New Homes of Albuquerque a pioneer
in "Total Choice Real Estate" and in Empowering Buyers and Sellers.
“The Smart Money Guide To Buying A Home” is a 200-page book that can be
downloaded for FREE. The authors Flip Kenyon and Heather Kenyon are experts in
real estate value. Flip Kenyon is a licensed real estate broker and state-certified
residential real estate appraiser and Heather Kenyon is a Realtor, Accredited Buyer
Representative and licensed mortgage broker.
“Home Buying 101”
The National Association of REALTORS website has enormous amounts of information.
The referenced section will take you through their 10 steps of home buying.
"Non-English Home Buyer Information"
The Fannie Mae Foundation is the largest purchaser of home mortgages and offers
several home buying guides in a number of languages. If English is not your first
language, check out their site to get information in other languages.
Calculators: Understanding The Numbers
Use these calculators to help you figure your mortgage payments and payment
schedule, recommend how much house you can afford based on your income, or
compare rental costs with the costs of buying a home.
Investigative Searching: Understanding The Market
The first step is learning neighborhoods and how they compare for price, value,
schools, crime, commute, etc. Zip Code and Subdivisions are advanced searches
on the search engine you will be using on this site. By studying the Zip Codes Maps
listed below you can determine which ones you want search. After you drive a few
neighborhoods in your price range you will determine what subdivision you prefer.
Then you can create a Customized Search that will email you only the properties
you want to see.
We are finished with Getting Ready. Does it sound like a lot of work? IT IS!
If you want to save time, save money and be first to new properties check out
becoming a
VIP BUYER.
STEP 2 - GETTING PRE-APPROVED FOR A LOAN
Pre-Approval makes you a CASH BUYER! Sellers like cash buyers.
Check out Pre-Approved and Ready To Buy
You are Pre-Approved, Great! Now how do you pick the right mortgage?
Real estate financing is always available in every market and in every community.
Simply stated, there is no shortage of people and institutions that will gladly loan
all the money you need at premium rates and terms.
Finding the right mortgage is more about finding the right mortgage advisor who
will have your best interest as a goal and not the best product for his/her profit.
Mortgage Brokers are more able to shop different lenders for you whereas direct
lenders (bank representatives) have fewer products to sell or to fit you into. You
should interview your potential mortgage advisor on knowledge of financial
planning and customer service, not interest rate.
New Homes of Albuquerque mortgage partners are known for their customer service, knowledge sharing and competitive products. One of our team members will be calling you
within 48 hrs to discuss any specific issues or you can contact us now.
Additional Mortgage Articles and Advice
STEP 3 - CREATE YOUR CUSTOM MLS SEARCH
Your Guest Membership gives you Total Control on which Properties You Want to
See! With your Customized Southwest MLS Search Engine you will be able
to create a Custom Search and have only those properties emailed to you that
you want to see. This Search Engine Pulls All the listings that meet your parameters
as soon as they are entered into the MLS and can send them to you as often as
you like. So, in most cases YOU will see properties Even Before Most Agents know they
are on the market!
When you receive new listings no one will be calling you to pressure you into
buying a home. Drive out and look at the outside of the homes you are interested
in, then when you find the home you like give us a call to schedule a Showing.
Remember, the agent with the sign in the yard works for the SELLERS.
We will work for YOU!
STEP 4 - Schedule A Showing
Important Note: New Homes of Albuquerque consultants only show a property after
you have either been Pre-Approved by one of our Lenders (this takes 15-30
minutes over the phone), already have a Pre-Approval Letter, or if you are listing
your Home with our Team. This is to respect the privacy and safety of the Sellers
and also to ensure that only qualified buyers are entering the Sellers homes. Remember, The Agent whose sign is in the yard works for the SELLER,
We Work For YOU!
STEP 5 - MAKE AN OFFER
Before submitting an offer your Exclusive Buyers Agent will provide you with a
Detailed Home Value Report on the property, this report will include: Your estimated payment, What other homes in the area have sold for, and ways we can save
you MONEY. We do Extensive Research on Every Property our clients make offers
on. We provide all that information to you to ensure that you are paying the right
price for Your new Home. In addition, our team will show you at least three ways to
Save Money on your purchase! Remember, the agent whose sign is in the yard works
for the SELLER, We Work For YOU!
STEP 6 - CLOSE THE CONTRACT
Real estate attorneys and real estate agents openly agree that quality Contracts
coupled with professional Closing Management and Coordination separates the true professionals in the real estate business from the hacks. There is no substitute for
a well written contract and smooth closing, and nothing more frustrating than a deal
that falls apart because of a poorly written contract or sloppy closing management.
The following article may be of some help.
Contracts & Closings
STEP 7 - MAKING THE MOVE
The first decision regarding your move is whether you are going to hire a professional moving company or do it yourself. Regardless, you’ll find a wealth of information
available from the moving company or truck rental company. The following article may
be of some help.
Moving to your New Home
Changing ones residence is a daunting task for anyone. Some people feel better if
they are in full control of the process others want some professional assistance and
yet others want full service by professionals. New Homes of Albuquerque understands
these varying needs an offers its clients many choices with our Save Cash Selling
- Earn Cash Buying plan.
