Staten Island, NY First Time Buyer Information

Buying real estate for the first time may be somewhat scary. The Staten Island NY first time buyer information below will clarify some things. Real estate is a major financial investment and buyers should enter with as much information as possible. Before Purchasing Select a Reputable Mortgage Company Speak with a local lender and ask for a pre-approval. The options and requirements may differ from one company to another. Evaluate the services and closing costs to identify the best option. Getting this information in advance may help you understand the estimated up-front and monthly costs of property ownership. This also helps determine your price range. Find a Real Estate Expert Find a real estate professional to help with your home purchase. Choose one that best suits your needs. Experienced agents will help explain the options, submit contracts, and facilitate a smooth transaction. This guidance can be a huge help first time buyers. Steps in the Real Estate Process Real Estate Viewings Only see properties within your budget. This prevents the heartache of wanting a home that is not possible for you to purchase. Home viewings can be time consuming, so sticking to your range will also preserve valuable time. Legal Paperwork Real estate professionals can provide information on contracts and help you negotiate them, but they do not practice law. If you require legal counsel, consider hiring a local real estate attorney to interpret terminology and add any necessary language. It is important that you sufficiently understand the terms and requirements of any contract prior to signing them. Inspections Do not rely on an inspection to address price or change purchase terms as they may not find any issues at all. Also avoid negotiating clearly visible issues. Such strategies often fail and may cause you to waste the money spent on the inspection. In cases where defects are uncovered, homeowners may agree to address defects, compensate you for them, or refuse to do nothing at all. Fair items have a better likelihood of being negotiated. Final Walk-Thru Shortly before the closing, you may have the chance to walk thru the property one final time. It is a good idea to make this after the sellers have moved out. Resolve any issues before signing closing paperwork as you may have few options afterwards. The Closing You must have acceptable identification for the closing. Any amounts owed must be certified. Have your checkbook ready for any unpredictable changes. After the closing, the real estate is officially yours! Additional Staten Island NY First Time Buyer Information The property purchase process will be less intimidating with some advanced knowledge. For assistance with your home purchase and additional Staten Island NY first time buyer information, contact Gregory Diaz and Gina Guerriero at S.I. Premiere Properties by calling 718-408-1499