Drive To Learn
Evaluate as you drive though a community. Consider the following questions as a basis for determining your location needs:
• Where is the nearest shopping center, bus line, police station and library?
• What schools are available and school district are you in?
• What types of homes (single family, apartments, condominiums) are in the neighborhood?
• How far apart are the homes?
• How far is it to your work?
• What community resources are available?
• Generally, where are the cars parked (driveways, garages, street)?
• Do you notice a lot of noise, traffic or pollution?
• Are the homes in good repair and the landscaping well kept?
Finding The Right Home
Keep your eyes open and your notebook in hand as you walk through a potential home. Consider the following questions as a basis for determining your needs as a homeowner:
• How long has the home been on the market?
• Why is the home being sold?
• What is the asking price of the home?
• Has the price been lowered?
• Is the price comparable to other homes in the neighborhood?
• What is the down payment required?
• Is the house structurally sound?
• Is there room enough for the present and the future?
• Do you like the floor plan of the home?
• What condition is the yard in?
• What improvements must be made?
• Will the seller repair or replace any items that need repair or replacement?
Think carefully about each house you see and don’t be in a hurry. Your REALTOR® can point out the pros and cons of each home from a professional standpoint.
Making an offer to buy a home entails many factors. You and your REALTOR® will discuss the following factors prior to putting the offer on the table:
• Amount of earnest money
• Down payment
• Price you are offering
• Details of financing
• Proposed move in date
• Proposed closing date
• Details of the sale
• How long the offer is valid
The seller will either accept the offer as presented, or make a counter offer and either you will agree to the terms in counter offer or you will submit another proposal. When all the parties involved have agreed upon the details, initialed any revisions, and signed the final agreement, then an offer becomes a contract.