Purchasing a home
For most people, purchasing a home is the biggest financial transaction that they will ever make. In many cases, the home that a person buys will belong to them for the rest of their lives, and in some cases, it will even be passed down to their children. When a decision is this important, it is vital to make it with knowledge and patience. The rules and regulations alone can make buying a house seem like a huge mountain that is impossible to climb. I can clear the path to home ownership for you, and make purchasing a home as simple as possible. A professional legal opinion can be priceless during the process of buying a home. Especially during the closing process, an experienced real estate attorney such as myself can minimize the mountains of paperwork and documents that can be so difficult to understand.
Before You Start to Look
Considering the purchase of a new home can be a very exciting experience. Many people become so excited, however, that they jump out before they are ready. Here is what you need to do before the search for the perfect house ever begins.
Make Sure it is “Settle Down” Time
Are you ready to live in a permanent residence? For many, the thought of a new home is a fresh start, a chance to begin again. Purchasing a home, however, is a semi-permanent decision and should only be undertaken by those who are prepared to stay put for several years to come. For those who are more likely to move in less than five years, perhaps renting is a better idea, as the whole process of buying a home and then trying to re-sell can actually end up costing money.
Get Strength Training For Your Credit
Your credit FICO score ranges from 300 to 850, and the higher the number, the better your credit. The better your credit is, the lower your mortgage interest rate will be, saving you literally tens of thousands of dollars over time. This will also give you the option to borrow more money for a mortgage and yet keep your monthly mortgage payments lower. If your credit score is not very high, you can improve it by cleaning up your credit history. Those who have no credit history can build their scores by making small purchases on credit, such as jewelry, and then making all of the payments on time to pay it off. I can counsel you on other ways to build or re-build credit.
Look for a Home!
Once you determine that it is, indeed time to settle down and you have your credit score all bulked up, it is finally time to look for THE house. A real estate attorney such as myself can help you to calculate what you can afford on your income, and help you to find a home in your price range. You will want to consider many ideas; for example, do you have or are you planning to have children? If so, then you may want to look for a home in a good school district. Your commute to and from work every day should also be considered. Once you have found the perfect house, I can help you through the home-buying process, and into your new home.
Selling a home
In today’s economy and declining real estate market, many people feel that the only way to sell their home is to lower the price of it to far less than they hoped to get. In order to save a little more money on the transaction, some hope to simply place a “For Sale” sign on the front lawn, cut the grass, clean the shutters, and handle the sale all by themselves. However, trying to save a few bucks by handling the deal yourself may not be worth the time and effort. There is a lot of work, and there are a lot of legal factors to consider when selling your home. The cosmetics of preparing your home to be sold is something you can likely do on your own. The selling of your home, however, would likely go much more smoothly if you consult with a real estate lawyer such as myself. Here are a few ways that I can help you:
A real estate attorney can:
- Share your ad with a large network of people from various cities. He or she may even be aware of large businesses, or out-of-state customers who are looking for a place just like yours.
- Help screen potential customers.
- Advise you of your home’s true value so that you don’t under-price it.
- Getting the assistance of a real estate lawyer such as myself can make a huge difference in the time it takes your home to sell.
Negotiate the Sale For You
Real estate attorneys have the knowledge and experience to negotiate the terms of a sale in such a way that your legal rights are protected. The terms and conditions of selling a home can be confusing even for those in the business. When dealing with an experienced real estate lawyer through the selling and closing process on a house, it is a good idea to have someone who can “speak the language” on your side. A good real estate attorney such as myself can go over the legal issues of the sale with you, and make sure that you are prepared for the process.