Beverly J. VanAlstine

"Offering Personalized, Consistent & High Quality Service"

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Benefits of a Buyer's Agent

Loyalty
Obedience
Disclosure of all material facts
Confidentiality
Accounting
Reasonable Skill & Care
 
 

 
 
            VALUE A REALTOR BRINGS
  • Save Money by working with a full time,  professional
  • Save time in finding appropriate properties
  • Help you determine your financial qualifications
  • Offer a wide variety of properties in your price range
  • Show you properties in an efficient way
  • Write up a Purchase Agreement that reflects your desires
  • Negotiate a 'Super Deal'
  • Assist with inspection information
  • Educate you as a buyer through the process
  • Keep you up-to-date & provide regular progress reports
  • Return your phone calls/emails in a timely manner

 

 

8 TIPS GUIDE  in Your Home Search

1.  Research before you look.  Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you'd be willing to spend each month for housing.

2.  Be Realistic.   It's OK to be picky, but don't be unrealistic with your expectations.  There's no such thing as a perfect home.  Use your list of priorities as a guide to evaluate each property.

3.  Get your finances in order.  Review your credit report and be sure you have enough money to cover your down payment and closing costs.  Talk to a lender and get prequalified for a mortgage.  This will save you the heartache later of falling in love with a house you can't afford.

4.  Don't ask too many people for opinions.  It will drive you crazy!  Select one or two people you can turn to if you feel you need a second opinion, but be ready to make the final decision based on your own needs as a homeowner.

5.  Decide your moving timeline.  When is the lease up?  Are you allowed to sublet?  How tight is the rental market?  All of these factors will help you determine how soon you can move.

6.  Think Long Term.  Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in this home for a long period?  This decision may dictate what type of home you'll buy as well as the type of mortgage terms that will best suit you.

7.  Insist on a home Inspection.  A home is one of the largest investments you will make.  Be sure to hire a professional who will be able to evaluate all structural and mechanical aspects of the property to insure solid and good choice.

8.  Get help from a Realtor.  Hiring a real estate professional who specializes in buying and can guide you throughout the process.  (p.s.) I would love to interview for the job! 

 

        BUYING A HOME? - COSTS TO CONSIDER       

BEFORE CLOSING EXPENSES

$500-$5000Earnest Money  
$200-$300Home Inspection 
$300-$450Appraisal Fee 
$500-$3000Home Owner's Insurance (1st full yr)

CLOSING COSTS

1% of LoanLoan Origination Fee
$60 Credit Report 
prorated Property Taxes
$200Closing  (Title Co.) 
$40 County Recording Fees
 $250

 Underwriting Fee

 $50-$60

Plat Drawing (if required)

$1.15/$500 loan  Mortgage Registration Tax
Private Mortgage Insurance 
 
* Please also note that if your new home is within the city limits of Duluth, you will also be asked for a security deposit with your utility application from the City (Comfort Systems).