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Andrew Gomez
915-228-3138915-228-3138

Buyers/Sellers

8 Step to Buying a Home

Step 1: Decide to Buy

The decision to purchase your first home is one of the biggest and best choices you could ever make. After all, a home is the largest – and most emotional – investment most people will face in their lifetime. So, how do you know if it’s the right time for you to buy?

There is never a wrong time to buy the right home. The key is finding the right buy and taking the time to carefully evaluate your finances.

A home purchase is an important step that can provide many advantages. Purchasing your own home is a great investment that can deliver several financial benefits – equity build up, value appreciation, automatic savings plan – not to mention a new sense of pride!

Start looking at your options today. You don’t have to know everything. Your agent is ready to help you through every step of the process.

Step 2: Hire Your Agent

When you’re looking for a real estate professional to help you, know that above all else, good agents put their clients first. This is your dream, and your agent is your advocate to help you make your dream come true.

A great real estate agent will:

  1. Educate you about the current conditions of the market.
  2. Analyze what you want and what you need in your next home.
  3. Co-ordinate the work of other needed professionals throughout the process.
  4. Guide you to homes that fit your criteria and budget.
  5. Negotiate on your behalf to get you the best deal possible.
  6. Check and double-check paperwork and deadlines.
  7. Inform and discuss with you, and suggest solutions to solve any problems that may arise.

Step 3: Secure Financing

To make the financing process as painless as possible, ask your agent to introduce you to the preferred financing consultant. This professional will work with you and your agent to make sure the financial aspect of your home purchase is stress free.

What will the consultant do for you?

  1. Review your current financials.
  2. Discuss the options available to you during the home purchasing process.
  3. Guide you to an appropriate price point.
  4. Negotiate on your behalf to get you the best deal – price, interest rates, loan approval.
  5. Keep you informed and updated of the entire financial process throughout your purchase.

Step 4: Find Your Home

So you’ve met with your trusted advisors, and now you’re ready to begin your search. But how or where do you start? There are a lot of homes out there, and diving in without a guide can become overwhelming and confusing. Your agent will help you more accurately pinpoint homes that fit your criteria. The right home will meet all your important needs, and as many of your additional wants as possible.

Some questions you might ask yourself include:

  1. What amenities are crucial for you and your family?
  2. How much space do you need and why?
  3. Which is more critical: location or size?
  4. Would you be interested in a fixer-upper?
  5. How important is home value appreciation?
  6. Is neighborhood stability a priority?
  7. Is accessibility to main routes a priority?
  8. What features are not negotiable in your new property?

You’ll learn as you look at homes, your priorities will probably adjust along the way.

Step 5: Make an Offer

Once you’ve found a home you love, the next step is deciding on a price. It’s important to remember that a home is an investment. Your agent can give you information on other properties in the neighborhood to help you ensure you make an informed decision when it comes to price. Look to your agent to explain and guide you through the offer process.

Some things to consider when deciding on the best price point are:

  1. List price – Start with the price point that the home is listed at. This will give you a base when looking at the home’s value.
  2. Market Analysis – Your agent will give you an idea of comparable home values in the neighborhood to help you decide if the price point is on par.
  3. Improvements – Your agent can give you a list of improvements made to the home and help you determine its market value.

Step 6: Perform Due Diligence

Your agent will provide you with improvements and challenges within your home. This way you’ll know what you are getting into before you complete the purchase.

Knowing what work has and has not been done to your home is important information to have in the buying process. While updates can increase your home value, damages can take money out of your pocket. Your main concern is the possibility of structural damage, which can come from water, shifting ground or poor construction.

Very often a problem appears to be big, but can be fixed with very little effort and not a huge budget.

Step 7: Close

Once you’ve determined a price point you’re comfortable with, you’re in the “home” stretch! But, in order to ensure that you don’t put the property purchase at risk, you have a couple responsibilities that you’ll need to keep in mind:

  1. Staying in control of your credit and finances – Do not make any large purchases during this time. It’s important to keep your financials steady throughout the buying process. Talk to your financial consultant for guidance.
  2. Keeping in touch with your agent and financial consultant – It’s important to stay in constant communication with your agent and financial guide during this process. Be sure to return all phone calls and complete paperwork promptly. Also, don’t be afraid to ask questions. Your team is there to help you!

Step 8: Protect Your Investment

Congratulations, and welcome home! The home-buying process is complete, which means it’s time for your maintenance plan! It’s now your responsibility, and in your best financial interest, to protect your investment for years to come. Performing routine maintenance on your home’s systems is always more affordable than having to fix big problems later. Be sure to watch for signs of leaks, damage and wear.

And remember, just because the sale is complete, your relationship with your agent doesn’t need to end! After you buy, your agent can still help you – providing information on the real estate market, finding contractors and repair services, and even tracking your home’s current value.

Happy home-owning!


Selling Your Home

You’re ready to sell your property. And, while you’re looking forward to seeing the word “SOLD” posted from the curb, you know there’s a lot to consider along the way. One of your first decisions is to select a real estate company and real estate agent who’ll join you in the process.

Exceeding Your Expectations

You deserve much more than a sign in the yard, fliers in a box and an occasional viewing. You deserve an agent who will be at your side from beginning to end, ensuring that your property sells smoothly and you get the most money possible from the sale. You deserve an agent who will:

Pricing

Price your home strategically so you’re competitive with the current market and price trends.

Staging

Recommend staging strategies for your home to cast a positive light on the features most important to buyers.

SEO

Optimize your home’s Internet presence, including plenty of photographs and a description of your property.

Availability

Market your property’s availability via email, direct mail and viewings to find prospective buyers.

Marketing

Provide you with weekly updates detailing marketing efforts and progress.

Agent

Walk you through each step of the selling process, from listing to close.

Ensuring the Best Exposure

The local real estate market expertise of our team means we’re able to interpret all data that dictates the optimum pricing strategy, so your property will be priced to sell. Every market is unique so our marketing plans and staging strategies effectively target and attract your potential buyers. We dig deep to learn the unique selling points of your property and neighborhood. It’s a formula for success.

And, of course, we’ll take the time to listen, understand your challenges and goals, and answer any questions you may have along the way.

Being a Step Ahead

We understand how important it is to be “in the know” when you’re selling your property. And, sometimes that means taking things into your own hands. That’s why we’re happy to provide you with a 1 stop shop experience, to sell your home fast and at the right price.

 

Our Location

9440 Viscount Ste. 102 El Paso, TX. 79925

Caravan Realty

Andrew Gomez

caravan1@sbcglobal.net

915-228-3138915-228-3138 main

(915) 629-9880(915) 629-9880 office

9440 Viscount Blvd. Ste. 102 El Paso, TX. 79925

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