Navigating Home Ownership – Part 2, Building a Team

Finding the right people to help with the home buying process can make all the difference.

#1 Finding a Realtor – The best realtors are the ones who have been referred, are well organized, and take time to get to know you. When interviewing, ask them -

Can you show me comparable homes that you have sold?

• The best will have multiple homes sold in the past year in the same price range with less time on the market and sold at or near asking price.

How do you plan to keep me updated on a regular basis?

• The best will keep you in the loop. Ours sent us a very personal weekly market update related to our home (showings, interest, appointments) along with a calendar of due dates.

Do you think we can find what we’re looking for in our budget?

• The best will either say yes or reset your expectations, they won’t try to get you to buy more home than you can afford.

#2 Finding a Lender – Let’s be honest, we really want the best rate! But there are a few other things to consider. When interviewing, ask them –

Is it possible that I will find a better rate somewhere else? If so, why?

• The best will encourage you to shop around!

What do you think of our maximum budget?

• The best will let you know the max they can offer but will not encourage you to spend any more than your budget.

Can you show me an estimated payment projection for multiple purchase prices?

• The best will get back to you that day! When it comes to coordinating lending, time can be imperative and you need a responsive lender.

Disclaimer: Alex Voorhees and Reston Wealth Management do not provide legal, accounting, realty or tax advice. This information is not intended to be a substitute for specific individualized legal, realty or tax advice. We suggest that you discuss your specific situation with a qualified investment, tax or legal advisor and/or licensed realtor.  The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) or strategies may be appropriate for you, consult your financial advisor prior to implementing a strategy. No strategy assures success or protects against loss. You should consider the investment objectives, risks, charges and expenses of any investment carefully before investing.