Life...Fun and Kentucky Real Estate

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So... You Think You Are Ready To go Buy A Home?

So... you think you are ready to go buy a home?

dream home

1.Find a REALTOR whom you can relate to. Buying a home is an emotional commitment. It's critical that the agent you choose is both skilled and a good fit with your personality. Have your own agent show you homes, not the listing agent. Call your agent if you see a home you want to tour.

Your Realtor will make all the appointments and represent YOU in the offer. The listing agent represents the seller and cannot disclose all that you will need to know about the property & the seller. Find an agent that makes his or her career full time in real estate. Agents usually know one another so if you are unhappy working with an agent and want to change to another please let them know that you will be doing so. This alleviates miscommunications and it's just the right thing to do. An agent will work hard for you if you are loyal.

2. The right house is waiting for you. Sometimes deals just don't work out. You will know as soon as you walk into the perfect home. Everything will fall into place perfectly if it is meant to be. If not...keep looking and stay open to new ideas. If it feels right then make an offer...don't procrastinate.

3. Commission is paid by the sellers. This is how your agent gets paid. Basically, the seller has agreed with his listing agent an amount to pay the buyer's agent at closing. Your agent may show you homes for a long time or it might only be a few homes. All negotiated commission is divided among the agents at closing. The buyer will not have to pay for this.

4. Don't ask for too many opinions from friends and family. It's natural to want reassurance for a big decision, but too many ideas will make it harder to make a decision. If Grandpa is not going to live in the house he isn't going to like all those steep stairs, pool, etc. Negative opinions can spoil all your excitement.

5. Accept that no house is perfect. Focus in on the things that are most important to you and let the minor ones go.

6. Don't try to be a killer negotiator. Trying to "win" by getting an extra-low price may lose you the home you love. Angry sellers do not try to be helpful if you need special considerations later before closing like extra time to get the financing right. Don't be stubborn over the small stuff.

7. Get approved for a mortgage before you find a home. A good lender will see your credit report and offer help in disputing items that need to be removed. This will raise your score and possibly get you a lower interest rate. Not all lenders are skilled in this. Same as with your agent the lender needs to fit with your personality and return your calls promptly. The best ones stay in close contact with your agent also. You can bet that your agent has a good idea of the best lenders to work with to get a successful closing. It can all fall apart by closing time if you don't have the right lender.

8.Factor in maintenance and repair costs in your post-home buying budget. Even in a new home there will be some costs. Homes are not perfect and even though you have had many repairs made after a home inspection sellers are not going to patch every hole in the walls and leave it spotless. You may have to shampoo carpet and upgrade fixtures to your liking. It's all a part of buying a home.

 

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Lizette Fitzpatrick - Baby Boomer Real Estate Relocation Specialist with Prudential Don Foster in Richmond, Kentucky.

Rated number #1 featured Kentucky Realtor on Activerain.com and Localism.com. Publisher/Author for the only Central Kentucky email newsletter on local real estate listings and sold properties, Kentucky relocation, local events, homeowner information and fun! For more information on Lizette, Kentucky Horse Farms, Prudential Don Foster, Madison County, Fayette County, Richmond or Lexington, Kentucky click on Lizette.us.

See for yourself what Lizette's extraordinary clients have to say about their Kentucky real estate experience.

Copyright © 2008 By Lizette Fitzpatrick, All Rights Reserved..*So...You think you are ready to go buy a home?*  

 

 

Comment balloon 12 commentsLizette Fitzpatrick • September 17 2008 07:56PM

Comments

Every year that goes by I want a smaller home.  Now I want an Airstream on a creek!  P.S.  Great to have your puppy updates.  Think of you every day....

Posted by Susie Blackmon, Ocala, Horses, Western Wear, Horse Farms, Marketing about 10 years ago

Lizette - I thought I told you not publish a photo of my house :o)

Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Fred Real Estate Group) about 10 years ago

Lizette, dang you have a pic of my dream home! Where are the pigs and barnyard animals --my pets?! Enjoyed reading all about it.

Posted by Michael Sahlman, e-PRO - Miami Beach Florida Luxury Homes (www.HomesForVIPs.com - Keller Williams Realty) about 10 years ago

Lizette, at least when you got home from a hard days work you could get good and "tanked":)

Posted by Charles Buell, Seattle Home Inspector (Charles Buell Inspections Inc.) about 10 years ago

Lizette, now that is one awful looking house!  It needs a few windows!

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 10 years ago

Lizette, now that is one awful looking house!  It needs a few windows!

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 10 years ago

Lizette--Oh my goodness is that photo funny! Great tips too!

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) about 10 years ago

Lizette, that photograph made my mouth fall open. You have got to post this at Club Chaos! BTW, great post, but I have to say, that photo is a corker! (LMAO) Too funny! Way too funny!

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 10 years ago

Lizette~ LOVE the house you have displayed!  It is very unique, isn't it?  My internet is back up as of right now, and I am so excited to be back!

Posted by Vickie McCartney, Broker, Real Estate Agent Owensboro KY (Maverick Realty) about 10 years ago

Susie - A parked Airstream might be the way to go! Sounds like fun!

Thesa - Whoops! I figured you wouldn't mind since we're friends and all.

Michael - I'll try to get a picture of all the critters for you. That may be the next blog post! Good to hear from you!

Charles - You are exactly right! Imagine hearing all that nice rain hitting that metal roof? Ahhhhh!

Patricia - Yes...It could use a few windows. A good chain saw could fix that.

Teri - Thanks for sopping by. It's always good to hear from you.

Carolyn - I'll send it on over. I'm finally back to business today. Chanel is much better and I don't have to worry.

Vickie - I bet you went crazy having to fast(Internet fast) like that! LOL

Posted by Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes (Lizette Realty - Richmond KY) about 10 years ago

Hi Lizette,

I especially like #4, don't ask opinions from everyone you know.  I had a client asking co-workers, friends, family, people in the grocery store line, you name it for their opinions.  It became overwhelming.  I finally told them, that it was their own opinion that mattered most. 

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Posted by Jen Bowman, Realtor - Anna Maria Island & Bradenton FL (Keller Williams on the Water) about 10 years ago

Jen, that is a good point. I've been in "opinion hell" with quite a few people (LOL).

Lizette, I am so glad baby is doing well. :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 10 years ago

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