You might find buying a house in the Greater Hudson Valley of New York's Orange, Ulster, or Sullivan Counties is a little different than buying a home in other states and even in different areas of New York State. This series will prepare you for searching for and buying real estate in my neck of the woods.
The mortgage representative will give you the amount you are qualified for but remember to ask how much your monthly payment will be including principle and interest and also remember that you will need to add 1/12 of the taxes plus insurance to each payment. Make sure you feel comfortable with the amount of your monthly payment. You still need to pay for the other things you need to buy like food and clothing. Once you know your target amount you can start your search.
Most home-buyers start their search on the Internet. They will go on a real estate search engine or to a broker's website and search through the available homes in the area they want to live in. Once they find some homes that they like they will start calling the agent's that have those houses listed. They will make appointments to see those houses with the listing agents and will go to see homes without representation. WHAT???? Yes, the agent who is showing them the house works for the seller. A Listing Agent is looking out for the best interests of the people who hired them. I can't understand why anyone would want to make one of the most expensive purchases they will ever make without representation.
If you choose to work with a Buyer's Agent you will have someone on your side. A good buyer's representative will do the search for you, put together a tour so you can see a variety of houses in your price range, and provide you with all the information and resources you need to make the right decision.
I wish you luck with your search and hope you will give me a call if you are looking to purchase a home in Orange, Sullivan, and Ulster counties of New York State or if you would like a referral to a good buyer's agent in your search area.
Click Here To Search For Properties In The Greater Hudson Valley
Paddy Pizappi, Associate Broker for Buyer Representation
RJ Smith Realty - A Real Estate Solutions Company
Serving the Greater Hudson Valley of New York
from Pine Bush, NY at the corner of Orange, Ulster, and Sullivan Counties
Call or Text to 845-800-7086
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Hi Paddy! LOVE your graphic and the post is a great start to your new series. I have to agree--you, as a buyer, aren't paying real estate commissions anyway so, why NOT have someone represent YOUR best interests--chances are, we can negotiate more than the commission that you THINK you're saving anyway!
I recently heard a horror story about a buyer who did just that--turns out that there was a MAJOR structural defect that the sellers AND their agent covered up, costing the buyers tens of thousands of dollars. The seller gave the buyer a general inspection that they had done upon listing and the buyer didn't question it at all--thought he was saving about $400 bucks! The neighbors said that he was bragging about his 'smart move' until he discovered that the home was 'sinking!'
Wow that is a strong message to send out to anyone who thinks it is better to go to the listing agent because they know the home best, something I have heard before. You need someone on your side, this is one of the most expensive purchases most people ever make and to do it without representation is not smart.
Paddy....A nice, thorough summary of how to get started on your home search. To me, purchasing a home without a buyers representative is like going to court without legal representation----you know the other party will have representation....kind of a no-brainer!