Realty Executives of Alexandria

David Beckham REALTOR®

Contact David Now! (318) 625-0555

David Beckham REALTOR®

Buying A Home

Buying a Home

 

Buying a home is probably the biggest investment most Americans will make. It calls for many informed decisions and for good guidance from a local real estate professional. When buying a home, you can learn from the knowledge and skill of a local agent.

 

How I can help you buy the best home for you as a local Real Estate Agent.

 

  • As a local real estate professional I can help you determine how much home you can actually afford within your budget. Also I can suggest additional ways to obtain the down payment and explain alternative financing options. In addition, I can introduce you to a lender and arrange to have you "pre-approved" which will give you a better advantage when negotiating. This also enables you to achieve your home-buying objectives quicker and with much less stress.
  • Providing extraordinary client level services, I can work for you as a buyer's agent and help negotiate the best price and terms for you.
  • I will consult with you to work out a realistic idea of the best home that fis your needs. This is achieved through our proprietary "buyer consultation" which will include my "Love your home guarantee".
  • The firm I own has access to all available property listings through the Multiple Listing Service plus our "Off Market Inventory Specials" of all available homes that are for sale by owner. Together we will choose a list of the very best homes to fit your needs.
  • Often I can suggest simple, imaginative modifications that could make a home more suitable for you now and improve its use and equity position for the future.
  • I can supply pertinent information on real estate valuation, taxes, utility costs, homestead exemption, municipal services and parish services.
  • Although the law does not normally require an attorney to review documents or oversee the actual real estate closing, I can provide you with a list of local closing attorneys. If you prefer to use a title company we also have a list of the top providers within the Alexandria and Pineville area.
  • Myself or my executive assistant can familiarize you with the closing procedure and review the estimated costs associated with your purchase.
  • I can provide you with a copy of our "preferred vendor list" of qualified home inspectors, appraisers, insurance agents, surveyors and contractors.

 

My Top 5 Tips for a Successful Home Buying Experience

 

Tip Number 1: Make A Plan And Get Pre-Qualified

Every important decision needs to be clearly thought out. Developing a home buying plan can help you focus on the important factors and organize the entire process. You may even want to use a binder with sections on house hunting, home financing, service providers, etc. Loan pre-qualifying helps you determine the home price you can afford and presents you as a genuine prospect to the seller. A lender typically uses the 28% formula (your monthly mortgage can't exceed 28% of your monthly income) in approving your loan. Planning your actions and getting pre-qualified will keep you out of the panic mode and allow you to take advantage of opportunities. A thorough plan will save both time and money!

 

Tip Number 2: Value, Value, Value

The days of 10-30% annual appreciation have passed. Homebuyers in the 1970's benefited tremendously from what seemed like ever appreciating home prices. Nowadays, you're looking at slow growth while guarding against the possibilities of falling prices, skyrocketing ARM rates and corporate layoffs that can dramatically affect your home values. The classic rule of buying the worst house in the best neighborhood still applies. If you buy with an eye towards improvement, you can customize the home to fit your needs. The saying, "make money buying a home, not selling one," should keep you focused on the long-term importance of the purchasing price.

 

Tip Number 3: Create A Top 10 List Of Amenities

When shopping for a home, list the features (fireplace, fenced-in yard, new appliances, etc.) that are most important to you in deciding on which home to buy. Establishing "your criteria" early on will save time shopping for inappropriate homes and may keep you from buying a home on a whim. As detailed in Tip #3, your top reason for buying a home should be the value you are getting. Some of your top 10 amenities should logically be sacrificed if an incredible value is available.

 

Tip Number 4: Sign A Contract That Protects You

Make sure that the contract you put on a house allows you to arrange financing, inspect the home and negotiate any problems that you uncover. Ensuring that the contract you sign will minimize potential legal battles will let you swim in your new pool with your family and neighbors instead of with the sharks.

 

Tip Number 5: Get A Quality Home Inspection

Although it is hard to believe, more people pay for inspections before buying used cars than when making the biggest investment of their lives - their homes. Paying for a qualified home inspection before you buy a home isn't just spending "a little extra" for peace of mind; it's absolutely essential for anyone who doesn't want to spend thousands of dollars for repairs.

 

 

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Contact David Now!

David Beckham REALTOR®

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Disclaimer: Each Office Independently Owned & Operated. Licensed in The State of Louisiana, USA 5615 Jackson St. Bldg F STE C Alexandria, La 71303 (318) 625-0555
172.31.14.245