Buying A Home tips

Buying A Home tips

Need a Realtor? 

I'd like to be your guy!

As your real estate agent, here’s my pledge to you!

  • As your real estate agent, here’s my pledge to you!

    I can will help  you obtain the right financing for your situation. Our team is in contact with the top lenders. Whether you’re a first time home buyer or a tenth time buyer, FHA, VA or Conventional.

    I'll make it easy for first time buyers. There are several programs for first time buyers that will give you a lower interest rate and little or no money out-of-pocket. There are also grant programs that, if you qualify, will actually give you money toward the purchase of a home. Our  teams will find you a perfect mortgage fit!

    I will devote my time and energy to your dream house in your desired price range.

    I won’t try to rush you into making a decision you might regret. I’m very patient. I want you to be happy with your home. 

    I will be available seven days a week, via cell phone or my office phone.

     Call me anytime on my cell phone (502) 376-5483, day or night. I will work when it is convenient for you!

 


Buying a Home Requires Many Difficult Decisions. Make Sure Your REALTORS® are Top Local Experts. 
Your home is probably the biggest purchase your family will ever make, and it involves many decisions that go beyond simply choosing one you like. 

As top Louisville area REALTORS®, here is how our "Medley Team" will guide you through the entire process, from viewing homes and financing, to making sure the final contract is in your best interest: 

- You will have full access to ALL homes available on the Louisville market, even listings not yet on the MLS, through our professional Kentucky real estate affiliations. 

- Our expert local knowledge of the Louisville area should be invaluable to you, not just in terms of real estate, but also schools, neighborhoods, the local economy, and more. 

- Every local real estate market absolutely has its own trends and opportunities. This can vary greatly, even one neighborhood to the next. Louisville is no different! It's our job to steer you into opportunities and out of traps. 

- What is the true market value of the home you are interested in? Is it priced too high? Is it a bargain that you should jump on? We help home buyers make decisions like this every day, and we'll make sure that YOU get the best value for your money. 

- Negotiating with sellers can be stressful. We will help you negotiate, so that the final contract includes your best possible terms and conditions. 

- You should know absolutely everything about the property you are buying! You and a member or my team or I will view every home that you are interested in, together. And prior to closing we will make you fully aware of any and all inspections available to you. 

- Have confidence when signing documents. Contracts are full of complicated terms and clauses that can greatly affect your future life in your new home. We will give you the full benefit of our real estate knowledge and experience. 

Let us represent your best interests in your search for a new home in the Louisville area. While you can see a million homes on the web, actually buying your home is another matter entirely. Buyers beware! 

Ask us any question about buying a home in Louisville. It's our job to help you! There's no obligation, and we promise to respond quickly... 

 

A Buyers Market

      Is the real estate section of your local paper filled with stories about how slow the real estate market in your area is? Is it taking months to sell the homes on the market? If this description fits your area, and you have been waiting for the perfect time to buy a house, this is the time!
      This kind of market is referred to as a "buyers' market" for good reason--it is an opportunity for buyers to select from a large number of homes that could satisfy their needs. Everyone involved is ready to bend over backwards to make it possible for you to buy your dream home. Most sellers are highly motivated and so are the local Realtors, loan officers, title companies, and other professionals involved in the transaction. It is important to remember that the real estate market runs in cycles, and conditions can change without a lot of warning. This could be the perfect time to contact a good Realtor to discuss your needs and to explore the possibilities available to you.

A Good Start!

      When an agent begins to work with a new buyer, he or she will sit down with them and ask a lot of questions, and do a lot of listening. In the initial buyer interview, we try to get a clear idea of what you are looking for, as well as the approximate price range, considering your overall financial picture. The agent will explain how we work to represent you, what the local market in Louisville is like, and what we can do to help you locate that perfect home.
      At this initial interview, it is important for buyers to be as clear as possible about their needs. After you have talked and decided how much you can comfortably spend, he or she won't show you homes you might love that are way out of your price range. If the agent knows that you have bad knees and want to avoid stairs, you won't be taken through three-story colonials with top floor master suites. Promoting clear communication with our customers is good business for us, and it can save you hours of house hunting.
 

A Great Opportunity

      It may seem like "the impossible dream" to first-time buyers who have to stretch in order to purchase their first home. Many younger buyers can afford the monthly mortgage payments, but they may have to get creative to cover the down payment and closing costs.
      If you are thinking about buying your first home, contact a real estate professional. If your funds are limited, there may be possibilities you have not considered, such as local or federal loan programs that can get you moved into your new home. Sellers are sometimes willing to extend a small loan to help cover closing costs in order to complete the sale.
      You should also consider the many housing options available. If you aren't sure that you can afford a single-family home, there are beautiful condominiums and townhouses with amenities and prices that are designed to appeal to first-time buyers.
     

A Realtors Services

      "Few things in life are free", right? One thing is still free--the guidance and assistance of a real estate sales professional for home buyers. In the traditional real estate sales transaction, it is the seller who pays the commission that is divided among the various sales professionals involved in the transaction when the home is sold.
      Unless you are hiring a buyer's broker, you get several free services from the Realtor: 1) Target marketing which gives you quick, precise targeting of homes you want, in a price range you can afford. 2) Loan pre-qualification. This saves you much time and the potential disappointment of finding the perfect house (which you can't afford). 3) Guidance in obtaining the best mortgage terms. The marketing professional knows that if there is no financing, there is no purchase. Most Realtors have become quite expert in the mortgage market. Another old saying is "The best things in life are free."
 

Affording A Home

      It is important to know how much you can afford before you begin looking at homes. You should also talk with a lender and get pre-approved for a loan. This puts you in a stronger negotiating position with a seller.
      As a rule, your monthly housing costs should not be more than 28% of your monthly pre-tax income, including the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.
      Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your Realtor can help you make the basic calculations. And remember, buying at the top end of your price range gives you more time to outgrow your home, and can save you money in the long run.

Contact Information

Photo of The Sokoler- Medley Team Real Estate
The Sokoler- Medley Team
RE/MAX Properties East
10525 Timberwood Circle Suite 100
Louisville KY 40223
502-376-5483
502 992-4137
Fax: 502-719-8152