One of the most important questions your Realtor should ask you, is if you either have the funds for your intended purchase, of if you have been either Pre Qualified or even better, Pre Approved for a home loan. Too often, the Buyer finds an ideal property to purchase, and neither the Selling Realtor nor the owner are willing to write a contract for the intended sale. At Farms in Ocala, we strongly recommend having either a recent bank statement ready to show the Seller’s Realtor, or a genuine Pre Approval from a reputable bank or mortgage company. You would be surprised the weight this has, in having the Seller accept your offer, and in the speedily negotiated actual price of sale. If you do not have the appropriate documentation, the Farms in Ocala Team would be more than happy to point you in the right direction, and recommend several trustworthy and very efficient business partners in the Banking and Mortgage Industry.
When purchasing a property, always have extra money on hand for unforeseen costs. Closing costs will include down payments and taxes. Closing costs of a home can have extra things included like school taxes or improvement bonds!
Do not purchase a home that has a fireplace in any room other than a family room. It is a real hassle to keep up with cleaning multiple fireplaces and they are rarely used anyway.
All real estate agents need to be in touch with their previous customers on the anniversary of the date they purchased their home, and certainly during the holidays. When your former clients receive a holiday card from you, they will remember how helpful your were when they purchases their home. Give them a friendly reminder that you make money through referrals, so you would be pleased if they could mention your name to others.
Make sure you stay connected with other investors like yourself. There is plenty of property, but not every piece of property is correct for every investor. This method can be useful for ferreting out investment opportunities that have not yet been snatched up by other real estate investors.
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1. Employ the services of a reputable Real Estate Agent.
2. Make sure you have your bank approval letter, or proof of funds letter or bank statement available, before writing a contract.
3. Make sure, to the best of your ability, that this property suits not only your needs now, but have at least a 3 to 5 year plan if possible.
4. Gain the services of a reputable, licensed and insured home inspection company.
5. Have all inspections and due diligence done in a timely manner.
6. Do not delay in getting bank conditions to your lender, to avoid unnecessary extensions and possibly costly delays.
7. Plan your move, and do not forget the logistics of moving any animals and/or livestock.
8. Apply for all utility services at your planned new location, well in advance.
9. Do not forget to forward your mail, and tell your neighbors you are moving.
10. Go to the closing, and last but not least, enjoy your new move and home!
Moving and Packing Tips