WHAT NOT TO DO BEFORE CLOSING ON YOUR NEW HOME!
Stacey Martin of #TheParkwayGroup of Keller Williams shares some things you should not do before closing on your new home:
Hi! We know you’re really excited about closing, but as your agents it’s our job to help you every step of the way, so here’s a friendly reminder.
It’s tempting to splurge right before you buy a home, after all, you probably have big items to buy, like a washer, dryer, new appliances, furniture, a riding lawn mower or bedding.
Many people don’t realize that in a home purchasing process your credit its being monitored, right up until the day we sign the contract. And think twice before switching jobs at this time. Even if you leave a job for more money or the same money, it might be difficult to get new pay stubs at the last minute. So be sure to contact your lender about any concerns that you have or any emergencies that come up, so that closing isn't delayed or your deposit at risk.
If you have any other questions about the process, reach out to us and we’d be happy to help you. That’s why we’re here!
The Parkway Group
FOUR IMPORTANT THINGS TO DO BEFORE YOU MOVE IN
Posted on May 10, 2018 by staceymartin realtor
Your offer has been accepted, you’ve signed the endless documents at closing until the pen ran out of ink, you have keys in hand. Now what? You may be thinking about furniture, paint colors, and the space your dog now has to run in the yard. Before you bring the moving boxes in, however, there are some things you should accomplish as a priority.
Change those locks
Even though you may have been handed multiple sets of keys at the closing table with instructions on what goes where, spend the money to have the locks rekeyed by a locksmith or change the locks or cylinders out yourself. You don’t want a stranger to suddenly show up in your new home uninvited or your new lawnmower to disappear from your garage because someone came by to borrow it. You can never be too careful.
Have you contacted all local Utility companies to change everything over into your name? You don’t want to be in the middle of move-in when suddenly the lights go out.
Clean the carpets
Before you bring in the furniture, spend the time to clean the carpets or have a carpet cleaning company out to do it. In all your excitement you may hesitate to spend the time or money, especially if the carpets look new or already spot-free, but consider that there could be allergens like pet dander, or contractor dust below the surface.
Disinfect the Kitchen
The kitchen can be a nasty place for germs. If the counters and refrigerator look clean, the previous owners may have wiped them down. Still, for your own health, please take the time to disinfect all the surfaces in the kitchen and especially those that your food or utensils might touch. You won’t regret it later.
Stacey Martin, REALTOR® #TheParkwayGroup, of KW Showcase Realty
Helping Metro Detroit Oakland, Livingston, Macomb, Wayne Counties make their MOVE!
Financing your New Home:
Not everyone is fortunate enough to have cash readily available to purchase the home they want. You may need a lender to help you finance your home. There are many options available for financing. Similar to finding the right agent, finding the right lender is important, too. Interest rates are important, but a great lender will also help you determine the type of financing best for you in your situation. There are different types of loans available. Conventional, FHA, MSHDA, USDA Rural Development and VA are some of the most common. Some loans will require MIP or PMI, Private Mortgage Insurance, depending on the amount of money you put down on your loan. It can be possible to finance a home with zero down. Calculating financing using apps on the internet are not always the best idea. These are quick, easy ways for lenders to capture your information so they can follow-up with you to start the loan process, but are not always ideal or accurate. Sometimes working with someone local is best.
If you do not already have a lender that you know and trust, ask your real estate agent to refer you to someone. While agents typically do not get deeply involved in the financing process or your credit situation, they do work with lenders on daily basis and their experience with particular lenders can help guide you choose one that might be a good fit for you.
We would love to help you manage the steps throughout the home buying process. Use our resources here or give us a call for information from the start to closing on your new home.
Purchasing Your New Home
Should I use Zillow or Realtor to find a house?
We recommend searching listings sent to you from a Real Estate agent who receives them directly from the MLS (Multiple Listing Service). The MLS is the most accurate way to find up-to-date listings entered real-time by agents. Other outside resources do not always have accurate information, sometimes these sites post days late or information that simply isn’t accurate at all. It can be frustrating for everyone when a buyer calls for information on a listing, only to find from an agent that the house hasn't been on the market for 2 years, or is in pre-foreclosure which means not for sale. Many times houses were for sale but already pended and sold before they are even listed on these sites.
Selecting a Real Estate Agent and deciding on financing are two of the first steps to starting the home buying process. Here are a few things you should consider.
One of the first things you should do when deciding to purchase is to find a real estate agent or REALTOR®. After all, many of the homes you are seeing on Zillow or other home search sites may not actually be available or if it's a good deal like it seems, it could be gone before you even get a chance to start the process. This person can send you up to date listings from the MLS (Multiple Listing Service) of homes that are currently active and fit your search criteria. How you choose an agent or REALTOR® depends on things that are important to you.
A Real Estate Agent and a REALTOR® are often used interchangeably but are not the same thing. Both are licensed through the State and capable of listing and selling homes, but a REALTOR® agent is also a member of NAR, the National Association of REALTORS® and are held to a strict code of ethics. You can find 7 Reasons to Work With a REALTOR® here: http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-buyers/7-reasons-work-realtor
Stacey and Kristin of #TheParkwayGroup are licensed REALTORS® and members of NAR and the local board.
Choosing a REALTOR® can give you some peace of mind and confidence when making what might be the largest purchase of your life.
What we feel is just as important when choosing an agent though, is communication. Because you will be working closely with this person during an emotional and life changing event, it’s important to feel that your agent listens, understands and comprehends your needs. With the technology we have today, documents can often be signed electronically. If you consider yourself tech-savvy, you might find out if your agent is the same. If you prefer to text and E-sign but your agent likes to talk on the phone and meet with hard copies this could become frustrating. Or if you think you would prefer to have the personal touch of meeting to go over details and contracts, you’ll want to find out how your agent responds to that. Communication or lack of communication can become a serious concern throughout the process so it’s best to place thought in this up front.
Another thing to consider is whether the agent works in the field part-time or full-time or what their usual office hours are. This helps identify how much time and the hours they will be able to dedicate to your sale or purchase.
Also, it’s a great idea to ask family and friends if they have recommendations of agents they know and have worked with in the past. Most agents get the majority of their clients from referrals of friends and family.
If you feel comfortable with the first agent you meet with, that’s great! If you have any reservations though, please interview as many as it takes until you find the right one.
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