Buyers Tips...
- Selecting a Realtor is your first step to make sure that your new home and community meet your wants and needs. It is important to know what features and amenities you need in your new home and the areas you are interested in.
- Then, as your agent, we will first get you approved for a loan with the monthly payment you can afford which determines the sale price of homes you should be looking at.
- You will need to have your credit checked.
- Find a loan program that fits your needs and get prequalified.
- Get an estimate of closing costs and down payment dollars to make sure you have the total funds needed to go to closing.
- We will see that you preview ALL properties in the areas you have requested to see.
- We will guide you through the entire process from contract to closing.
- We will give you all comparable sales on homes in the area in which you have chosen before you make an offer to avoid costly mistakes.
- We will answer all questions concerning the local market, schools, neighborhood and community to help educate you on each area.
Why should you be buying now? We are in a "Buyers Market" in many areas. Interest rates are low and sales prices are low due to short sales, bank sales and foreclosures. The government has added "Tax Credits for First Time Home Buyers" and "Sellers that have lived in their home for 5 out of the last 8 years." What better time to capture a nice home for the very best price, at a low interest rate, plus get a government tax refund!!!
Call the Linda Norton Team at (901) 409-5975 or email lnorton@crye-leike.com today and let us help you get started!
Getting Ready to Buy...
- With the First Time Home Owner Tax Credit, you have been thinking about buying a home before the end of April 2010. Let's get started with rent vs. homeownership.
- With homeownership you can deduct mortgage interest on your tax returns which allows you to itemize your expenses to keep more of your income.
- Paying a mortgage instead of renting allows you to build equity in your home, which is the biggest personal asset for most people.
- Generally your home will appreciate and that equity will help you buy your next home.
- Home mortgages only go up if they raise your taxes. Your rent may go up each year at renewal time.
- When your equity builds up in your home, you can cash in on your equity when buying a new home. Be careful not to use the equity line unwisely.
- Home owners that have been in their home 5 out of 8 years can get a Tax Credit too, so call Linda Norton at (901) 409-5975 or email lnorton@crye-leike.com to talk with you about getting your current home sold to buy a new home before the end of April 2010.
Before you make a move to buy, there are many things you need to research...
- Check your credit report and correct any problems quickly. Find out your credit score. It matters!
- Check with mortgage companies and get pre-approved. Call Linda Norton at (901) 409-5975 or email lnorton@crye-leike.com for the names of Mortgage Lenders and phone numbers.
- Get pre-approved for the monthly payment that fits your monthly budget.
- Watch your checking account and have no negative balances. It matters!
- Pay off bills. Debt to income ratio matters!
- Same money monthly for closing expenses and down payments.
- Now, call Linda Norton at (901) 409-5975 or email lnorton@crye-leike.com to help you find the home of your dreams in the price range you can afford. Buying a home in the price range that fits your budget is key in maintaining home ownership in the future.
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Sellers Tips...
Selling a home in Germantown, Collierville, Memphis or Greater Memphis areas including Fayette County and DeSoto County, in today's "Buyers Market," can be stressful! The first move is to pick the right agent. Let the Linda Norton Team help make selling a pleasant experience. We are serious about results! Our "Style of Service" mirrors our approach to life: giving, compassionate, energetic, and passionately involved. Our clients return to us, home after home and year after year, confident in our exceptional service. You'll be Sold on the Linda Norton Team.
As Your Agent: We will do the following...
- Setting the Stage for Success... The most important thing you can do is to have your home properly priced, so we do a comprehensive market evaluation on all home sales in the area of your home.
- Stage your home for its debut into the market place. The extra effort of staging your home can lead to a higher price and quicker sale.
- Use talented and reliable vendors, contractors and trades people who will make your transaction smoother and the process more pleasant.
- Years of building solid relationships with other Mid-South agents benefits you with a wellspring of possible buyers.
- Create an effective marketing plan for your home detailing all the things we do.
- Excellent communication skills keep you informed every step of the way and answer all your questions.
- Expose your home to the most possible qualified buyers.
- Negotiate offers to help you get the highest price possible, and assist you on every aspect through home inspections, closing and getting you your check!
- Help you with finding your new home and assisting you from contract to closing.
Closing Costs for Sellers...
- Broker's commissions are a full service fee and will range from 6-7%
- Title Insurance fees depend on the sale price of the home
- Local property transfer tax, county transfer tax, state transfer tax and state capital gains tax are charges you pay for selling your home. Credit to the buyer of unpaid real estate taxes for the prior year and/or current due taxes are variable and are pro-rated depending on the time of the year.
- FHA fees and costs are all now negotiable between FHA Buyer and Seller.
- Miscellaneous fees from home inspection repairs and administration fees from real estate companies.
Let's meet to discuss your needs and goals, and I guarantee your time will be well spent. Call Linda Norton at (901) 409-5975 or email lnorton@crye-leike.com
More ideas and tips on selling your home:
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