Buying Or Building YOUR Home In Western New York
A home is the foundation of the 'American dream', and buying or building real estate is probably the biggest financial commitment and investment you'll ever make. It's also an investment in your lifestyle and will give your family a sense of stability, and an identity.
I'm Linda Kutzbach, Your WNY-based RE/MAX Agent, on Grand Island, NY. I have all the necessary resources and experience to help you through the process of buying or building your own home (or any othewr kind of real estate) in Western New York. So whether you're a first-time buyer or you want to change your existing home and lifestyle, let me help you make the best move of your life.
If you are interested in buying or building real estate on Grand Island, NY, my services are FREE! Too many buyers still spend endless hours pouring through classified ads and driving around the area to view unsuitable properties. I can show you more suitable properties, offer valuable advice, coach you through the entire home buying process and help you negotiate the best price. Contact Me, together, we'll find the right Western New York real estate to fit your family, and save you both time and money!
Linda Kutzbach
Western New York Real Estate - Budget
Before you make any decisions about what sort of Western new York real estate would best suit your family you should get an idea of your budget. Use these calculators to help you estimate how much mortgage you can afford.
Another thing to consider is your down payment amount. New government guidelines and recent mortgage products can help you purchase your home with a surprisingly low down payment. There are also some special programs for first-time buyers that help with closing costs.
As a licensed realtor in Western New York I can help you further with this process and also put you in contact with the right Financial Loan Officer to best fit your particular circumstances and situation. Contact Me for the very latest information.
Western New York Real Estate Represents Equity
When you buy real estate in Western New York you are building your equity. Every month, the 'principal' part of your mortgage payment increases your equity in your home. You can use this equity as a down payment on a new home, or as collateral for a home equity loan (to finance home improvements, a child's college tuition, a new car, etc.).
Western New York Real Estate is also a hedge against inflation. While some homes appreciate in value more quickly than others, realty value usually keeps pace with inflation. (Contact Me for realty appreciation rates in the particular Western New York neighborhoods you're interested in.)
Western New York Real Estate - Tax Advantages
Western New York Homeowners, can deduct the interest portion of their monthly mortgage payment and also property taxes due on their residential real estate. This tax advantage usually means that buying your own home can cost significantly less than renting a similar place to live.
Take the tax advantage, the equity investment that you build over time, and the freedom of lifestyle and choice that owning your own home gives you and the benefits of owning WNY realty are considerable.
Financing Western New York Real Estate
When seeking a mortgage you can get Pre-qualification (an estimate of how much you could afford) or Pre-approval (a commitment from a lending institution to furnish you a mortgage, up to a pre-defined budget, before you commit to buying or building any particular new home).
I can help you define what you can afford and put you in contact with the best of several local Loan Officers in Western New York for your particular situation. You will get a loan decision within a few days and get your approval in the shortest possible time. Contact Me for more details.
Negotiating YOUR Western New York Real Estate Purchase
This is my territory! Buying existing or Building Western new York real estate, I can offer you my experience and expertise at negotiating the best deal. When we've found the home you want, and the pressure builds to act too fast we'll be as calm and objective as possible.
I'll take the pressure off you and act as your liaison with the seller or the seller's real estate agent. We'll remain patient, and deal with counter-offers. We'll be as flexible as possible on price, closing date, appliances and repairs in order to get the best real estate deal for you in Western New York.
Contingencies And Earnest Money
Your offer may need to be contingent on you selling your existing home, or you may feel the need to have a home inspection contingency on the home you're intersted in buying. However, you should understand that any contingency you set could eliminate you if a non-contingent offer is presented. I can help you adopt the best position in each particular case.
Once your offer is accepted you must usually be prepared to seal the deal with earnest money. This percentage of the home's purchase price indicates your commitment to the purchase. It will be applied to the purchase price when you complete the purchase, but may be forfeited to the seller if you fail to complete the purchase. I can help you determine the amount of earnest money you should be prepared to pay based on your target home price and other relevant factors. |
