Deciding to Buy:

  • you are tired of paying rent
  • you have outgrown your current home and need more space or you are downsizing
  • you would like more yard or less yard to upkeep
  • you are relocating due to a job change or family situation
  • you want to shorten your commute
  • you want to build an investment portfolio and are looking for rentals or flip properties

Having a clear sense of your reasons for buying will help you choose the right property.


Has your income grown?

Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is a less risky way to build equity or to obtain a greater return on your initial investment. Before you start shopping for your property, it is a good idea to make some important preparations.

Preparing to Buy:

Putting together a financial file. Your file should contain the following financial documents will prepare you to meet with your mortgage advisor.

  • Bank account statements
  • Recent pay stubs
  • Tax returns for the last two years
  • Copies of leases for investment properties
  • 401K statements, life insurance, stocks, bonds, and mutual account information

Your credit score will have a huge impact on what type of property you can buy. It is first recommended to check your credit rating with an experienced lending institution. Your lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. See the finance tab on the home page for more mortgage info.

Be careful with your finances.

Now is not a good time to make sudden career changes or take on any new debts (i.e. new car purchase). You want to approach your property purchase from a position of financial stability.

Choosing a real estate agent:

Possible reasons you want to buy property:

Finding the right agent takes balancing credentials and chemistry. You want to choose someone you like, but your agent also needs to be able to safeguard your financial interests. Since buying a property requires making many important financial decisions, understanding complex issues and completing a lot of paperwork. It helps to have an expert in your corner when undertaking such a large purchase. A real estate agent can guide you through this process, find a home that matches your desires, who can negotiate the best deal on a property for you.

Your agent should:

  • be trustworthy and reliable
  • listen carefully to your priorities and won’t waste time on properties that don’t fit the bill
  • be able to provide references
  • have the experience, skill and personality that matches your needs
  • have a track record for completing transactions similar to yours
  • have knowledge of your market
  • be licensed by the state and a designated Realtor, which means they belong to the National Association of Realtors (NAR) and agree to abide by NAR’s stringent code of ethics.

Know your credit rating.

  • be available the hours and days that coordinate with your schedule
  • hold the highest designations in their respective fields of expertise.

Shopping for your new home:

Now that you are prepared, it is time to find the right property for you.

Take a drive.

Get to know the neighborhoods, complexes, or subdivisions, which interest you. Drive around and get a feel for what it would be like to own a property in the area. Start getting a sense of the properties available in those areas.

Narrow your home search.

Select a few properties that interest you the most and have your real estate agent make appointments to visit them. Once you communicate your desires to your realtor, your realtor will present other properties to you to possibly see if you are interested. Ask your real estate agent about the potential long term resale value of the properties you are considering.

Time to buy.

Once you have picked out the property you want to purchase, your real estate agent can help you make an offer that the seller will accept. A good agent will investigate the potential costs and expenses associated with the new property. An agent can also help you draft your offer in a way that gives you the advantage over another offer.

Moving in:

After finding your dream home, it is time for settlement day.

Your agent will help you with:

  • your final walk through inspection when you will visit the property to verify that all is in working order, and that everything is the same as when you last viewed the property in accordance with your contract.
  • Setting up home services and utilities. Your agent will provide a list of useful numbers for the activation of home services and utilities.
  • Your agent is ready to assist you in an efficient and stress free manor with any unforeseen glitches that may pop up, even at this last stage.
  • Your agent will be by your side at settlement. If you are unable to attend the scheduled closing, your agent with power of attorney can handle settlement for you.

Get In Touch With Me Today!

I would love to speak with you about selling or buying your home.

5701 Kennett Pike, Wilmington, DE 19807