Bradley Realty LLC

Earning Your Trust | Gaining Your Business

Buying

 

8 Tips to Guide for Your Home Search 

1. Research before you look. Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing.

2. Be realistic. It’s OK to be picky, but don’t be unrealistic with your expectations. There’s no such thing as a perfect home. Use your list of priorities as a guide to evaluate each property.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your down payment and closing costs. Then, talk to a lender and get prequalified for a mortgage. This will save you the heartache later of falling in love with a house you can’t afford.

4. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion, but be ready to make the final decision on your own.

5. Decide your moving timeline. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area? All of these factors will help you determine when you should move.

6. Think long term. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in this home for a longer period? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that will best suit you.

7. Insist on a home inspection. If possible, get a warranty from the seller to cover defects for one year.

8. Get help from a REALTOR®. Hire a real estate professional who specializes in buyer representation. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. Buyer’s reps are usually paid out of the seller’s commission payment.

 

 10 Ways to Prepare for Homeownership 

1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.

2. Develop your home wish list. Then, prioritize the features on your list.

3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.

4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.

5. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.

6. Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you.

7. Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements.

8. Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money you’ve saved to buy your fist home without paying a penalty for early withdrawal.

9. Calculate the costs of homeownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable.

10. Contact a REALTOR®. Find an experienced REALTOR® who can help guide you through the process.

 

Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved. 


About Kim

I truly love my career in real estate. It gives me the opportunity to serve people while earning a living. I have grown up in the Chelsea/Shelby County area and know all about the booming growth first hand. I have also worked in small family business for over 16 years so I know how challenging it can be making sound financial decisions. Working as an entrepreneur has allowed me to experience first hand the vast changes and growth throughout the county and state as well as give me much needed experience in sales, marketing, and communication with others. After working on the business side of development I became interested in obtaining my sales person license and have loved it ever since. Serving the community in real estate since 2006 I have now earned my Broker’s License. I look forward to earning YOUR business!

Testimonials

“My home buying experience, which was very limited, turned out to be a most pleasant experience and that was due to Kim. She has the knowledge you need and the caring attitude that makes all the difference. Knowledge can be obtained, but the care is that extra ingredient that she brings to her clients. She doesn’t just stop at the time of sale, she keeps up and offers her help with problems that might arise after the sale. I wouldn’t use anyone else should I need to make a change and I would recommend her to anyone seeking a competent caring realtor.”--Cande Maxie

“Working with Kim is a pleasure. She is good at what she does and will go the extra mile to make sure a transaction goes as smoothly as possible. She takes care of things you don’t even think about.” –L. McGhee

“Kim Bradley is the best realtor I have ever worked with. I have bought and sold many homes over time, and never have I experienced such a feeling of trust, knowing that the professional I was working with had my very best interest at heart throughout the process. I would highly recommend Miss Bradley without reservation. She is dependable, trustworthy and a pleasure to do business with.” –Katrina Wolf

“We couldn’t imagine having gone through the process of buying our first home with anyone other than Kim as our Realtor. We never once felt pressured or overwhelmed, and she always took the time to explain everything in detail for us. She really went above and beyond to make sure we were comfortable with our
decision. Kim truly has a servant’s heart, and we feel blessed to not only have her as our Realtor, but also as our friend.” — J. & E. Watkins

“Last year Kim was my real estate agent for the second time. I liked working with her so much when I bought my first house that I used her again when I upgraded :) She devotes herself to her clients and is great to have on your side. Top qualities: Great Results, Personable, High Integrity” J.S. Adams