Top Tips for Home buyers in Seattle

Posted by sonnykwan
July 29, 2008

Get Pre-Approved

In addition to getting a good idea of how much house you can afford, getting pre-approved for Seattle homes in advance shows sellers that you are serious about buying—they might even consider your offer more seriously than unapproved buyers. 

Make a Strong Offer

 While staying within your financial limits, include a significant earnest money deposit of 5%. This “good faith money” will often be applied toward the payment of your purchase price.  

 

Use a Realtor

®A Realtor® is an agent or broker who belongs to the National Association of Realtors and subscribes to its strict Code of Ethics. Along with maintaining a high level of knowledge about the Seattle real estate market, a Realtor can help you evaluate homes, negotiate offers, remove contingencies, assist in the escrow process, and assemble a strong team of home inspectors in Seattle, title insurance representatives, lenders, and escrow agents. 

Be Ready to Act Quickly

What you want in a house, how much you’re willing to spend on it, and make a commitment with your Realtor that you will be able to get in touch with each other 24/7. You never know when the right house could come on the market, or how much might ride on a 9 p.m. phone call. Sonny Kwan has his cell phone by him anytime his clients have questions on the Seattle home buying process. his number is 206-819-8228

 

Be Flexible

 
There are two elements to every offer: price and terms. While price is straightforward, many buyers fail to think of terms that might make their offer more attractive. 
 

Know Your Risks

 
We’ve all heard the media stories about subprime lending risks. But there are other ways that buyers can put themselves at risk. In order to make an offer more attractive, some buyers will offer to waive a home inspection, homeowner’s insurance contingency, review of the preliminary title commitment, or seller’s disclosures. Each of these choices can carry a measure of risk. It’s important to have a candid discussion with your Realtor before you start looking at homes in Seattle. 
 

Use All Your Information Resources

 

JohnLScott.com features photos of all Seattle homes for sale and throughout the Pacific Northwest—even those of our competitors. It also offers guided tours, interactive maps, mortgage information, and home buying tips. Other useful information, such as local schools, population, demographics, nearby restaurants and shops, commute times, and climate can be found on the web as well.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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