Buying

Buying

 

Looking to buy in Fredericton and surrounding areas? Jeremy keeps a close eye on all the market conditions relating specifically to Fredericton, Oromocto, New Maryland and surrounding areas.

With Interest rates at their current level and prices dropping on homes, now is the perfect time to invest in real estate. I have leads on listings that have never been offered to the public before, and others that return a very nice cash flow. Jeremy can help you achieve wealth and financial freedom through the right investing, negotiating a hard buy, and leveraging his experience to get you instant equity on the buy.

There are a few things to consider before buying, and always good to check these few things off a list before going out and looking at homes:

1. Your Credit Rating

Getting your finances in order is probably the most important step you should take. Your credit reports are an ongoing look at how you manage your finances. You must know exactly what your credit reports say about your financial history before you apply for a mortgage, because the reports play an important role in the mortgage approval process and in determining the interest rate and other loan terms that a lender offers you.

2. Understanding How Mortgages Work

Get familiar with the mortgage laws, structure and options. That way, you will be able to decide on the right loan and lender — crucial to your home buying success. It’s up to you to determine which lender is best for your needs, and it’s always a good idea to have at least a bit of background about the loan process before you talk to a lender.

3. Getting a Mortgage Pre-Approval

Do you know how much house you can afford? Probably not, unless you’ve talked with a lender. Pre-approval helps you in other ways. Consider this scenario. A home seller gets two similar offers. One is accompanied by a letter from the buyer’s bank that states she is pre-approved for a mortgage in the amount of the offer. The other has no supporting documents. Which offer do you think the seller will consider first?

4. Sorting Out Your Needs and Wants

Buying a home isn’t as difficult as you might think, even if you’re short on funds. But the process will go a lot smoother if you get familiar with your real estate market and narrow down your wants and needs before you start looking at houses.

5. Preparing to Work with Jeremy Deering @ Deering Realty

Jeremy work’s with both buyers and sellers, but ultimately the buying process is the one that you don’t have to pay for. Don’t use just any Realtor® because this fee doesn’t come out of your pocket! Sure, using any agent is fine – but Jeremy has some special techniques when offering on homes that aren’t being widely used in Atlantic Canada. Let Jeremy go to work for you, for free and negotiate like you haven’t seen before.

6. The Great Home Search

The Internet is a great tool — you can spend endless hours searching the public version of the Multiple Listing Service website. Plus, Jeremy will give you multiple listing sheets to study along with links to inside deals and calculator tools that you can use to forecast cash flow should you be looking into investment properties.

7. Making the Offer

There’s no one set of instructions that can cover all the differences in real estate laws and customs that exist throughout, so the mechanics of making an offer and its specific contingencies depend greatly on your location. That’s why you should sit with your agent, attorney or advisor to fine-tune your offer and take care of all the contractual considerations.

8. Avoiding Last-Minute Changes

As your closing date nears, everyone involved in your real estate transaction should check its progress on a daily basis, because staying on top of things means you’ll know immediately if there’s a problem that must be dealt with. Jeremy keeps close contact with all his buyers to ensure everything is running smoothly and on time, making the process MUCH easier.

9. Before Closing

Most of your home buying concerns are behind you now and you’re on your way to closing, or the event that transfers ownership of the property over to you. You will encounter issues specific to your location and your transaction, issues that can best be explained and handled by your local real estate agent, your lender, your attorney, your closing agent, or others who are helping you complete the home buying transaction.