This Week In Real Estate
INFO FOR FIRST TIME HOME BUYERS
October 2, 2011
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By: Jean Ann DeShano
FIRST TIME HOME BUYERS:
Step 1. in buying a home is to get pre-approved. There are many very good programs out right now that will help you in buying your home. There are many banks and mortgage companies that can help you in getting pre-approved. For a list of financial intuitions pleases e-mail me at
jeanann@remaxresults.org (there is no charge to get pre-approved by most companies)
Step 2. Call me
989-233-8380. After you have been pre-approved you can start looking for a home. You will need to decide where you would like to live, how much you want to spend, how many bedrooms you need, if you want a garage and or basement ect. I will then begin looking for homes that meet your needs. I will get you a list of available homes for you to consider, and set them up for you to look at.
Step 3. After you have found a home you like we start negotiating with the seller in the form a purchase agreement. When you and the seller agree on the price and terms of the sales contract you will have a home inspection.
Step 4. A home inspection is for your own piece of mind and I highly recommend you having one. It is probably the best money you will spend. The inspector will take around 3 to 4 hours and go over you're the entire home. He will give you a list of items that need repaired and or replaced. This also includes your foundation and roof. After your inspection is complete you will decide if you want to purchase the home or not.
Step 5. If you decide to purchase the home, you will apply for your mortgage with your loan officer. When your mortgage is approved you will close on your home.
There is usually no charge for getting pre-approved for a loan. You will need a good faith deposit when you write a purchase agreement so bring your checkbook. You choose what the dollar amount is. I recommend between $250.00 and $1000.00. Your home inspection if you choose to use a professional is usually between $225 and $375. Any other charges that you may incur will be for your mortgage, your loan officer will go over all of those when you get pre-approved.
My services to you are absolutely FREE!!!
Next week I will go over First Time Home Buyers Mortgage Programs with Kathy Perkins from Chemical Bank.
If you would like more information and or have questions please call or text 989-233-8380
The following chart is for Bay County sales only.
WEEKLY STATS
2 VACANT LAND LISTING SCHEURMANN RD FOR $32,900 AND S CARTER RD FOR $164,900
AREA # OF NEW LISTINGS PRICE RANGES
10 NORTH END, WEST SIDE 3 $9,000 - $72,900
40 SOUTH END, WEST SIDE 0
20 NORTH END, EAST SIDE 4 $19,900-$89,700
30 SOUTH END, EAST SIDE 6 $28,900-$64,900
50 ESSEXVILLE 2 $89,900-$259,900
60 HAMPTON/PORTSMOUTH/MERRITT 3 $18,500-$159,000
70 FRANKENLUST/MONITOR TWP 6 $69,900-$488,700
80
BANGORTWP 3 $64,350-$109,900
90 WILLIAMS TWP 0 97
BEAVER/KAWKAWLIN/GARFIELD/FRASER 2 $19,900-$149,900
98 PINCONNING/MT.FOREST/ GIBSON 2 $49,900-$59,900
AREA # OF SOLD LISTINGS PRICE RANGES
10 NORTH END, WEST SIDE 6 $13,800-$60,00040 SOUTH END,
WEST SIDE 1 $50,50020 NORTH END, EAST
SIDE 2 $27,500-$69,900
30 SOUTH END, EAST SIDE 2 $37,500-$65,000
50 ESSEXVILLE 0
60 HAMPTON/PORTSMOUTH/MERRITT 3 $35,000-$73,500
70 FRANKENLUST/MONITOR TWP 5 $43,000-$185,000
80 BANGORTWP 0
90 WILLIAMS TWP 1 $113,300
97 BEAVER/KAWKAWLIN/GARFIELD/FRASER 5 $15,624-$82,000
98 PINCONNING/MT.FOREST/ GIBSON 2 $21,129-$61,000
TOTAL PENDING LISTINGS: 19 PENDING LISTINGS IN BAY COUNTY
ATTENTION: We are still in need of homes in the Bangor, Monitor, and Frankenlust area 3 bedrooms or more. Please call me if you are interested in selling your home. 989-233-8380 or email jeanann@remaxresults.org
Next week: An interview with Kathy Perkins from Chemical Bank on Mortgages
QUESTION CORNER: IF YOU HAVE A QUESTION ABOUT REAL ESTATE PLEASE SUBMIT IT HERE AND I WILL ANSWER IT IN THE NEXT COLUMN. YOUR NAME AND E-MAIL ADDRESS WILL NOT BE PUBLISHED. SUBMIT YOUR QUESTIONS TO:
Click Here to E-Mail Jean Ann DeShano
Or Contact Jean Ann DeShano at:
414 Gies St., Bay City, MI 48706
(989) 233-8380
Disclaimer: All of the sold, new listing, and stats in this column are from The Bay County Realtor Association web site.
Jean Ann DeShano
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Jean Ann is a Full Time Real Estate Professional at Remax Results Contact Jean Ann at jeanann@remaxresults.org
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