Have you started pondering what things you’d like to change, start, and accomplish in the new year? If buying a home is on your list of resolutions for 2013 here is some helpful info to make sure this is a resolution you can actually fulfill…unlike the yearly commitment to go on the fad diet of the month….
What Every Buyer Should Know Before the Big Purchase
Typically, a home is the biggest asset a person has. Here are some tips and bits of valuable information when getting ready to invest in potentially your most valuable asset, provided by Jeremy Glass & Elyse Wagner, Realtors with RE/MAX Masterpiece Realty in Port St Lucie, FL:
- You, as a client, are not an interruption of an agent’s work, you are the purpose of it. An agent is not doing you a favor by serving you, you are doing them a favor by giving them the opportunity to do so. Make sure you find a Realtor who knows it’s their duty to serve you and treats you right.
- A seller pays the real estate commission of both the listing and selling agents so as the buyer, you don’t have to!
- A Realtor can show you any home whether it is listed with their office or another, a builder, or even a For Sale By Owner.
- Your Realtor should be familiar with the area you want to live, knowledgeable about the home buying process, and be someone who communicates openly with you and makes you feel comfortable.
- Know the importance of being pre-approved by a lender PRIOR to beginning the home buying process.
- There is some risky and lengthy processes involved with buying a short sale or foreclosure–talk to your Realtor about this!
- Property taxes and qualified interest can be deductible on your federal income tax return. As a homeowner, you can exclude up to $500,000 of taxable capital gain if married and filing jointly, or up to $250,000 if single or filing separately on your return.
A good read from Yahoo on home prices is in the link below, too–2013 may be your year!