Tips for Buying a home in Fort Payne AL
Choosing your real estate professional is one of the most important decisions you will make when buying property in Fort Payne, Alabama. With the real estate market changing so often, it's best to hire someone who understands the current market.
However, no matter whom you choose, these simple tips will help you find and purchase the home of your dreams more quickly and efficiently.
Before you shop:
If you are looking to buy a home or property in Alabama, you may find the perfect home quicker than expected if you follow these basic guidelines.
Be a smart consumer. Know how to shop for a home loan that's right for you. Learn the financing basics and know how to shop for the home loan that's right for you. Learn as much as you can about financing, and search for loans that you can afford. Here at Ole Heritage Realty Inc., we understand the financial process can be overwhelming, our team of hardworking professionals
Get pre-approved. This task is important and simple to complete. It allows you to budget for a property that fits your lifestyle. If you have any questions about pre-approval you can always contact our office at 256-997-0008, we are happy to clarify any questions you might have.
Know what you want. The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time, neighborhood, and necessary repairs. According to Neighborhood Scout, Fort Payne is home to 14,150 people divided up among 5 neighborhoods. Each neighborhood has a unique set of benefits. Get acquainted with the area and find the best neighborhood for you.
Keep your debt load to a minimum. Don't make major purchases or incur any additional debt until after your purchase. Pay off credit cards and don't apply for new ones. Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.
Be prepared to view new properties quickly. Especially right now, homes for sale in Fort Payne sell quickly, so be ready to make fast decisions. According to Sperling’s Best
Have instant access to your agent. Instant communication can make a difference in purchasing the property of your choice. Our team of real estate experts
Before you buy:
Submit a strong, competitive offer. A key factor when attempting to purchase a house is submitting an offer that is both appealing to the owner and also within your means. A competitive offer will bring more attention to you as a buyer. It’s best to get advice from your real estate agent. Our real estate brokers at Ole Heritage have the current market knowledge and are more than happy to help you come up with an offer that will get noticed.
Include a substantial earnest money deposit. Sometimes offers are accepted based on the amount of the deposit. The greater amount of money included in the money deposit, the more likely your offer will be chosen. If you have any questions about the deposit price, contact our office at 256-997-0008. Our agents are familiar with trends in the local market and are happy to assist you. We are aware of what homes for sale in Fort Payne, Alabama usually sell for, and the deposit price attached to those sales.
Try to minimize the number of contingencies. Fewer unexpected events will mean a stronger offer. Try to remain as consistent as humanly possible. It’s best to understand what contingencies come up in your new home’s neighborhood, so ask your real estate professional for advice on which risks to keep and which to ditch. Our real estate agents will joyfully assist you in deciding which contingencies are worth keeping.
Hire an inspector. A professional building inspector or appraiser will make sure the house of your choice is in satisfactory condition. This is necessary before you can move further on a home loan.
Check zoning regulations and covenants. Good residential neighborhoods will be zoned to keep out commercial and industrial users. Read any restrictive covenants and make sure they fit your lifestyle.
Request an updated property survey. Be sure that the property survey clearly marks boundaries. Check for problems you may see, and contact your real estate agent about it.
Make sure you know what stays or goes. Your contract should be very specific about which items (appliances, etc) are included in the sale. Our agents will happily go over your contract with you and identify the items that are included in your home purchase.
Get agreements in writing. Make sure that certain verbal agreements are written into the final contract to avoid any stressful and expensive issues later.