Buying Your New Home with Brett Meade<br />When using a Coldwell Banker® Sales Associate, you will feel confident your searchfor a new home will be very successful.<br />Let’s get started! <br />
Steps to Get Started<br />Determine your budget and how much you can afford.<br />Get pre-approved for a mortgage.<br /><ul><li>When applying, you’ll most likely need to furnish:</li></ul>Two most recent pay stubs.<br /> W-2 forms for the past two years.<br /> Federal tax returns for the past two years.<br /> Last two months bank statements.<br /> Long-term debt information such as credit cards, auto loans etc.<br />
Getting Approved<br />A lender will check your credit to see if you’re a good candidate for a loan.<br />If your credit rating is poor, there are things you can do to improve it.<br />Make sure the report is correct. If not, call to fix it.<br /> Begin to pay your bills on time.<br /> Use two to four credit cards so you can keep track of them.<br /> Keep a separate checking and savings account.<br /> Keep the same job for a few years.<br />
Pre-Approved vs. Pre-Qualified<br /><ul><li>Pre-Approved: confirmation the lender will give you a commitment to support your purchase.
Pre-Qualified: an estimate of what you can afford.</li></ul> Being pre-approved makes you a more attractive candidate to the seller when making an offer.<br />
Deciding On A Mortgage<br />Fixed Rate Mortgage: the interest rate stays the same for the entire term of the loan.<br />Adjustable Rate Mortgage: the interest rate is linked to a financial index and may fluctuate with market conditions. As such, payments may vary over the life of the loan.<br />
Calculating Your Budget<br />To estimate your budget, add up your total financial worth and then subtract all the cost in the purchase.<br />Some expenses you may carry:<br /> Down payment<br /> Mortgage<br /> Insurance<br /> Taxes<br /> Points <br /> Attorney’s fees<br />
The Fun Begins<br />Before you search for your dream home, some things you should consider:<br /> Size of property<br /> Type of neighborhood you desire<br /> Quality of school system<br /> Nearby public transportation<br /> Urban or suburban<br />
Multiple Listings<br /> Open Houses & Special Features<br />As your Coldwell Banker®Sales Associate, Ican show you every home available on the market that meets your specific needs.<br />
Online Access<br />coldwellbanker.com provides access to over 600,000 properties. You can also find our properties on your smartphone!<br />A few unique features include …<br />
Online Access<br /><ul><li>Home File: this will let you quickly and easily save listings, get email alerts, run automated searches, and more.
The Learn Section: this provides helpful articles, tips and tools for buyers such as guidelines for inspections and home maintenance costs.
Neighborhood Information: you’ll learn about the details of any neighborhood that interests you</li></li></ul><li>Writing the Offer<br />Once you’ve found the perfect home, I will write up the offer and ensure all paperwork and activities are completed so you can close on your property.<br />
The Closing<br />This is the meeting where the transaction is finalized. I will guide you through all closing procedures to make your home officially yours.<br />
Dear Seattle home buyer,<br />I’d like to interview for the job of being your Realtor. With over 8 years of real estate experience, I’m fully prepared to address the hundreds of issues that can come up in the process of purchasing a home or condo. Please call 206-300-2763 to discuss your real estate questions and concerns. <br />Brett Meade206firstname.lastname@example.org<br />