Hints on Finding a House
There are probably few things in life that are as exciting–or as nerve- racking–as the search for a house. All the good emotions and the bad emotions seem to converge when the house hunting begins. This is a normal reaction, and is found in seasoned home buyers as well as those who are looking for their first home. One of the first decisions you need to make is whether you want to do your house hunting on your own, or by using an Agent. A good REALTOR can help make the process less stressful by listening to your requirements, suggesting possibilities, setting up showings and accompanying you to them, negotiating on your behalf, providing names of inspectors and monitoring the inspections, etc.
Real Estate in the Dartmouth/Upper Valley area, New Hampshire and Vermont
Are you looking for a place that is serene with natural beauty and magnificent scenery, away from the razzmatazz of conventional daily life but which offers amenities often found only in metropolitan areas?
The Dartmouth/Upper Valley area indeed has much natural beauty. It also has fine schools, good shopping, excellent medical facilities, superb recreational opportunities, and a vibrant cultural scene. It is also at the crossroads of two interstate highways making travel to Boston, Montreal, New York City, etc. fairly easy.
Acquiring a home in the New Hampshire and Vermont can be difficult at times. There is limited inventory but with the guidance of a REALTOR you can find some beautiful homes in lovely Upper Valley communities. You want a REALTOR who knows about the property values of Upper Valley real estate and can advocate for you as a BUYER AGENT. If you are trying to decide among properties and your desired location then you would want you want to meet with a seasoned real estate agent.
- Agеntѕ are аlѕо good at nеgоtiаting. . A good real еѕtаtе аgеnt hаѕ capable nеgоtiаting ѕkillѕ, which will come in hаndу whеn ѕubmitting уоur offer.
- Thеу аrе gооd to hаvе as a buffer between уоu and the ѕеllеr.
- They аrе knowledgeable аbоut thе nеighbоrhооd, and саn hеlр guidе уоu with rеgаrdѕ to рriсing whеthеr it bе when ѕubmitting аn оffеr оr listing a рrореrtу.
- They аrе uѕuаllу оn thе cutting edge whеn it соmеѕ tо mаrkеt infоrmаtiоn.
- Thеу саn hеlр you оbtаin vаluаblе infоrmаtiоn you nееd when it соmеѕ tо асtivе, pending, аnd closed ѕаlеѕ.
- They can give уоu valuable information such аѕ hоw mаnу days a property has bееn оn thе mаrkеt, or how many bеdrооmѕ or bаthrооmѕ mау bе in a раrtiсulаr hоuѕе.
- Agеntѕ are аlwауѕ nеtwоrking, and sometimes аn agent mау find оut about a hоuѕе bеfоrе it hitѕ the general mаrkеt.
- Rеаl еѕtаtе аgеntѕ have access tо thе multiple liѕting ѕеrviсе (MLS). Thiѕ ѕеrviсе has a wоrld оf information on properties thаt are сurrеntlу асtivе оn the market, реnding, оr ѕоld. Thiѕ iѕ аll vаluаblе infоrmаtiоn уоu will come tо аррrесiаtе.
You and your family will enjoy living in the Upper Valley area!
Steps In The Process Of Buying A Home
New Hampshire and Vermont Real Estate Commissions require that I give you an Agency Relationship Disclosure form informing you of the choices consumers have in working real estate agents. This form explains how agents work and should be given to you at the first meeting. It is not a contract. Please acknowledge that I have given it to you by signing where it says “Signature of Consumer.”
If you want me to officially represent you as your BUYER AGENT, we both sign an agreement (contract) to that effect. You then become my client, not just a customer, and it becomes my duty to protect your interests, hold what you tell me in confidence, negotiate on your behalf, and provide counsel. You agree to work through me for the time specified in the contractual agreement. On Multiple Listing System properties, the Buyer Agent fee is paid by the seller. It is built into the listing price so it does not cost you extra money to be represented by me.
When we first meet, we will talk about what you are looking for in a home and discuss the process.
Before you actually look at houses, I recommend that you talk with a mortgage person to get an idea of what you can do financially. Ask for a letter of pre-approval or pre-qualification based upon the information that you give them. That letter will help sellers take any offers that you make more seriously. I can give you names of local mortgage professionals if you wish.
I will search and send listings for homes that might meet your requirements. When you are ready to look at properties, I will set up viewing appointments and accompany you to the showings.
When you have identified a home on which you wish to make an offer, I will show you comparable properties to help you decide on what you should offer. We will look at area homes that have sold recently, what the asking and sales prices were, and how long they were on the market.
I will assist you in writing up the offer, which in New Hampshire and Vermont is done on a Purchase and Sales Agreement form. You accompany your offer with a good faith deposit which, upon agreement, will be put into an escrow account and be subtracted from what you owe at closing. This deposit amount is dependent upon the price of the home. Sometimes a listing agency will ask for a larger deposit than what you offer.
I will present your offer to the listing agent for the sellers’ consideration. The sellers can accept, reject, or counter your offer. If they counter, the ball is in your court and there may be some verbal negotiations before agreement is reached.
You make your offer subject to contingencies such as obtaining financing, satisfactory inspections, appraising at or above purchase price. I can provide names of competent inspectors and am usually present at the inspections. If you are unable to obtain financing by your financing commitment date (usually three to four weeks), you may withdraw from the contract and get your deposit money back. Also, if you are unhappy with inspection results, you can withdraw or negotiate for remediation.
Closing usually takes place in 6 – 8 weeks at a bank or attorney’s office. It can be sooner, depending upon your mortgage provider and your and the sellers’ timeframe. Before the closing most buyers will want to have a walk-through just to make sure the property is still in satisfactory condition. It is at the closing that you receive keys and take possession of the home.