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The Lowry Team Keller Williams :: Tips For Buying A Home

October 23, 2014 by Eric Lowry Leave a Comment

buying a homeThe Lowry Team Keller Williams Shares The 6 Most Essential Home Buyer Tips

In this modern world, everything we think we need to know is right at our fingertips, at the click of a button. The internet has become our primary source for information.  However, when buying a home, too much information can be confusing and overwhelming.  Market Leader surveyed 400 real estate agents to discover what tips they considered to be the best advice for the home buyer.

First, get a home inspection.  Have a professional check the safety and condition of the home.

Second, get pre-approved.  Pre-approval will determine your price range. The corresponding pre-approval letter will put you in a  better position when writing an offer .  

Third, any communication with the seller should be done through your real estate agent.

Fourth, get absolutely everything in writing.  For your protection, verbal agreements must get put into writing.

Fifth, include any contingencies with your offer. Financing and inspections need to be written into the contract.  

Lastly, before you begin looking for a home, make a realistic wish list. Consider the size home and amenities you would like to have.

The best tip of all is to use a real estate agent when buying a home.  A professional agent will provide you with the best and most current information to assist you in your home search. The agent can discuss financing options, know whether a home is reasonably priced, and negotiate the best deal for you.

If you are considering buying a home, you should consider The Lowry Team.

The Lowry Team is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

The Lowry Team is “Different by Design”…taking a team approach to home buying  and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team.  The Lowry Team.

Buyers and sellers can reach The Lowry Team at:  513-874-1830.

Other articles you may be interested in:

Interest Rates Have Dropped  – Now Is The Time To Buy A Home

Top Home Buying Mistakes 

Buying a Home :: 3 Steps To Getting Started

First Time Home Buyers

Search the Cincy MLS for Homes for Sale

Find The Current Market Value of Your Home

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Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer Tagged With: 1st time home buyer specialists, Buying A Home, home buyer specialists, home buyer tips, Home Inspection, how to get pre-approved for a loan, how to write an offer on a home, Keller Williams Realty, LowryTeam.com, The Lowry Team, The Lowry Team Keller Williams :: Tips For Buying A Home, Top Real Estate Agent

The Lowry Team Keller Williams :: Top Home Buying Mistakes

October 21, 2014 by Eric Lowry Leave a Comment

Buy-Today-KCMBuying a home can be a daunting task.  It is likely the most expensive purchase that you will ever make.  Just one mistake could mean disaster — resulting in a stressful experience and one that may not end with you in the home of your dreams.   In order to avoid such an experience, buyers should get to know the most common home buying mistakes.

The top home buying mistakes to avoid:

Going solo: Buying a home is a complex process, one that a real estate agent specializes in navigating.  A real estate agent will advocate for you and your interests throughout the whole process, which makes it important for you to find the agent that will best fit your needs.  The Lowry Team takes a team approach to home buying and selling.  The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator and a Marketing Director. This ensures that you get more focused attention and your home buying or selling process goes as smoothly as possible.

Love at first sight: Be sure that your home fits your real needs. Buying a home is an emotional process and it may be that the first home for sale that you see is the perfect fit.  Just be sure that you are looking past the “perfect” paint colors and the granite counters, to be sure that the home fits your budget and your lifestyle. Be sure the home is in a community and neighborhood you feel comfortable in. Drive around in neighborhoods several times before you buy to check out schools, noise and traffic patterns.

Shopping without being pre-approved: Get pre-approved for a mortgage before you begin looking at homes for sale.  This will give you an idea of not only how much you can afford to borrow, but also how much you are comfortable borrowing. It’s also critical to be pre-approved for a mortgage before making an offer, sellers will take you more seriously. The Lowry Team has a preferred lender that will help you get the process started.

Buying too much home: Buy more than you can afford, and your dream home will become a nightmare. Analyze all your monthly costs including debts, food, transportation, entertainment, and savings. Your total monthly debts, including your mortgage, should not exceed 36 percent of your income before taxes. Don’t forget to budget closing costs, plus moving, redecorating and maintenance. Look ahead and allow for increases in ongoing expenses such as utilities and taxes.

Misplaced trust: You are engaged in what’s likely your most valuable purchase ever. It’s a business transaction. Ask family, friends & co-workers for referrals, but don’t take their word for it. Be sure that the professionals you are working with have experience and your best interests in mind.

Accepting oral agreements: Get it in writing. The rate lock, the home inspection, disclosures, the contract. Always. Should a dispute arise, you’ve got the details documented.

Skipping the fine print: Understand what’s really in any document before signing it. Get documents in advance, take time to read them and ask questions. Get copies of your mortgage and closing papers a few days ahead of closing.

Forgetting or betting on resale: Avoid buying a home that costs 50 percent more than neighboring homes. Reconsider buying the most expensive home on the block. The neighbors’ lower home values will weaken yours.

Making an unconditional offer: Protect yourself with these contingencies:

1. Mortgage financing: You may be pre-approved but is the house? A formal appraisal confirms — or not — that there is sufficient value in the home to warrant the loan. If the house appraises lower than the sales price, the loan may be declined.

2. Inspection: Never buy an existing or new home without a thorough home inspection. Walk through the home with the inspector to learn more about the house and any concerns he or she may have.

3. Insurance: Confirm you can get adequate insurance coverage. In some areas, or following certain disasters, it can be difficult to get certain types of hazard insurance.

Contact The Lowry Team of Keller Williams Realty Associate Partners today to get in touch with a real estate specialist.

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The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing personal, professional real estate service.

The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team.  The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles  You May Be Interested In:

Buying A Home In Today’s Market

What You Should Know Before Buying A Home

West Chester Ohio Is One of The Best Places to Live

West Chester and Liberty Township Ohio Real Estate Market Report

The 6 Most Essential Home Buyer Tips

First Time Home Buyer Homes For Sale In West Chester 

Search the entire Cincinnati MLS for Homes For Sale

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer Tagged With: Buyer Specialist, Buying A Home, First Time homebuyers, home buying mistakes to avoid, Home Inspection, Home Values, Homes For Sale, how to find a real estate agent, how to get pre-approved for a loan, http://www.lowryteam.com/homevalue/, Keller Williams Realty, LowryTeam.com, mistakes to avoid when buying a home, Mortgages, Real Estate, The Lowry Team, Top Real Estate Agent

West Chester, OH Real Estate: A Home Inspection Before You Sell?

December 3, 2009 by Eric Lowry Leave a Comment

Selling Your West Chester, Liberty Township & Beckett Ridge Ohio Home
Consider doing a home inspection before selling your home

If you are considering selling your home in the current real estate market it would be prudent to have a home inspection completed before putting your home on the market.  It is rare that a buyer will not have a home inspection done before closing and being aware of any problems and taking care of them prior to selling can alleviate the pain that surprise issues can bring.  Doing the inspection prior to listing also gives you time to seek out competitive estimates for completing the work as opposed to being under the gun right before closing.

It is a competitive real estate market out there.  A seller’s best chance of snagging a buyer always comes from having the home in top notch condition.  More than looking good, a home needs to function well and it is important to examine the mechanical systems such as plumbing, wiring, heating and cooling issues, as well as, the roof and other structural components.

If problems with a property are faced and dealt with before selling, it will make the entire process go more smoothly and there should be no surprises when going through the contractual steps before closing.

Thinking of selling a home in West Chester, Beckett Ridge or Liberty Township, Ohio?

Learn the current market value of your home here!

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Ohio?

Search the entire MLS here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Real Estate News, Sellers Tagged With: Cincinnati, Cincy Hassle Free Listing, Eric Lowry, Eric's Hassle Free Listing, Getting ready to sell, Home Inspection, Home Values, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Luxury Homes, Ohio, Selling A Home, Top Selling Realtor, West Chester Ohio Real Estate

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