At ERA Team VP our Chautauqua County & Cattaraugus County real estate specialists believe that every family deserves to have a home they can call their own; especially a home that meets the family's needs and is within their budget. We take each buyer seriously and the search for their perfect Chautauqua County or Cattaraugus County real estate property becomes our top priority. Regardless of your price range, we strive to help you accomplish the goal of owning your own home in the community of your choice. We look forward to developing a relationship with you so we can become your real estate professionals for life!
Whether you've spent years saving and preparing to buy a home or are unsure if you can afford it, the questions surrounding a real estate purchase can feel endless.
Do you have questions about how the buying process works? An ERA Team VP real estate professional can help you find the answers and bring you piece of mind. As an industry leader in real estate experience and service an ERA Team VP Realtor has the background knowledge and skills to help you through each step of the buying process. With an ERA Team VP Realtor® you don't have to go through the process alone. Our goal is to make the experience of finding, buying and moving into your new home as smooth, quick and enjoyable as it can be. An ERA Team VP Realtor® represents a valuable source of information about market trends; the communities and neighborhoods of both Chautauqua & Cattaraugus Counties; and homes for sale throughout the area. Remember, not every home seller runs an ad in the local paper or puts a sign up in the yard. In fact, a home may sell before it is ever advertised. The market expertise that an ERA Team VP Realtor® offers you is augmented by access to complete, regularly updated information about every home listed for sale by area sales professionals through the Multiple Listing Service (MLS). As we take a look at the buying process, you'll see that such professional expertise and services can be quite beneficial to you from the beginning of your search to the final closing.
Steps to Buying a Home
Hire a Real Estate Professional
A New York State Real Estate professional can help you find your dream home and fine-tune your financial expectations. Working with a buyer's agent is worth consideration (this means he or she is legally responsible for representing the buyer's interest in a real estate transaction). Before making a decision, however, have a Realtor® explain the pros and cons of using a buyers agent vs. a sales agent or dual agent. When choosing a real estate professional your two main goals should be to determine an agent's qualifications to assist you, and to find someone that you feel comfortable with - they will potentially be handling one of the biggest financial transactions of your life. We hope that as you move through this process, you will choose an ERA Team VP real estate professional to guide you.
Decide What You Want
The best way to do this is to create a prioritized list of features and amenities that are important to you. This list should serve as your guide to searching for a new home, keeping in mind that the home you eventually purchase might not include every feature on your list. Three important factors to consider in your search are location, personal tastes and budget. An ERA Team VP real estate professional can provide a wealth of information on community characteristics including schools, shopping, dining and other neighborhood features that will play an important part in your final decision.
Determine What You Can Afford
Once you have made your prioritized list, it's time to decide how much property you can afford. There are many things that factor into what you can afford: income, credit rating, current monthly expenses, down payment and interest rate. An ERA Team VP Realtor® can provide you with many different calculators to help you determine what price range will fit comfortably within your budget.
Shop Mortgage Rates and Terms
A difference of even half a percentage point can make a huge difference in how much you pay over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 8% vs. 7.5% is about $35 per month. Over 30 years that is a difference of $12,600.
Pre-Qualify For a Loan
When you pre-qualify for a loan, you will solidify the amount that you can afford to spend. It allows you to move swiftly when you find the right home, especially when there are other interested buyers. It also indicates to the seller that you are serious and really can afford to buy the property.
Shop for a Home
Now that you have an idea of the area you would like to live in and how much you can afford, you can start your search for a new home. To help you simplify the process as much as possible, your ERA Team VP Realtor® can set you up on a feed to automatically notify you as soon as a new listing becomes available which matches your search criteria and is within your price range! Once you see a few homes that you like, you should begin to visit homes in person. Your ERA Team VP Realtor® can arrange showings for you, let you know when open houses occur in your preferred area and price range, and keep track of the properties you've seen.
Rate the Houses You Tour
After touring each home, write down what you liked and didn't like. You will love many of the homes that you encounter in Chautauqua County or Cattaraugus County, but you will need to narrow down the field. Develop a rating system that will help you. For example, pick the house you like best on day one and compare all other houses to it. When you find one that you like even more, use your new favorite as your standard.
Make an Offer
Once you've pinpointed the home you love, you will need to make an offer. It's time to get serious about the financial and contractual side of the purchase. Your ERA Team VP Realtor® will be a strong advantage to you at this point of the process since you and the seller have different goals. We will guide you through the contract and negotiations.
Arrange for a Home Inspection
Once your offer is accepted you will need to set up a home inspection. It is common to find problems such as leaky roofs, cracked walls, insect infestation or foundation issues. It is important not to become discouraged if any of these problems are discovered during the home inspection. Your ERA Team VP Realtor® can help you find a reputable inspector and will negotiate to get you the most for your money once the inspector's report is final. If you negotiate repairs as part of the purchase ask for a "walk through" before finalizing the paperwork. Ask your real estate expert about home protection plans, which may save you money in the future.
The Final Closing
Before you arrive at the final closing you should make sure that all the necessary paperwork and deposits have been completed and forwarded to the appropriate parties (this includes the mortgage, title, homeowners insurance and any other paperwork required by local or state governments). Missing or incomplete information can delay the closing, so it is imperative that everything is done prior to your closing date. Once all of the paperwork is completed and signed, you own the house!
Prepare for Life in Your New Home
Before rolling out the welcome mat, consider some moving basics: arrange for an alarm company; turn on the electricity, water and gas; clean or replace the carpet and notify your local post office of your new address. The best time for renovations is often before you move in.
Need Help Moving?
We have a moving van! BUY or SELL with ERA Team VP and use our van for FREE!
Don't let any part of the Buying Process become overwhelming, our ERA Team VP real estate professionals are here to help you every step of the way!