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Buy

Home Buyers

Why Buy With Us?

Everyone dreams of owning their own home. When buying your first home, it can be a very exciting, yet anxiety filled experience. However, if you know what to expect during the home buying process you will be more relaxed and comfortable during this lengthy process.



Setting a Budget

Before the house hunting process begins, it is important to know how much you can afford. Expenses to consider include the down payment, monthly expenses, property taxes and any home insurance costs. These will all have to be considered before the home buying process begins as they are typically included in your new monthly payment. Since a person’s credit score determines their interest rate, knowing your score ahead of time can help you decide if now is a good time to buy or not. An individual’s debt-to-income ratio must also fall within acceptable limits of the home’s cost. Once you have determined these things, and if you feel that your budget has enough room to afford a new home, then its time to begin the home buying process!

Getting Pre-Approved

When looking for a loan, be sure to get more than one loan quote to get the best interest rate and loan terms for your mortgage. Different banks and companies will offer different loan origination fees and by shopping around you can often times save yourself a lot of money. Be sure to also check your loan officers website for testimonials and information. A good loan officer will offer you many online resources and tools. Before you lock in your rate, be sure to check the daily rate with the rate your loan officer gives you to ensure you are getting the lowest rate possible. Interest rates will determine how much a mortgage will cost each month and come in fixed or adjustable terms. Mortgage lengths can range from 15 years to 30 years with some loan providers now offering 40 year mortgages as well. The longer the repayment term, the lower the payments will be. However, the interest accrued will also be higher on a longer loan.

Finding a Home

Once you have been pre-approved for a mortgage and you know what amount your bank has approved you for, it’s time to find your dream home! First, start by trying one of our easy home searches above. You can use the Easy search to search with the simplest options and get a wide range of homes. Or try the Advanced search to choose more specific options to drill down a more specific set of results. The Map search offers a unique perspective by allowing you to use the polygon tool on the side boundaries on a map around the areas you want to live in. Already know the address of the property you want? Try the Address Search. OR if you have a listing ID you can use the Listing Search to search by MLS#. Find home you like? Simply click not he Schedule a showing button and send me an alert. I will schedule the time and confirm with you once it is set up! Once you have started searching be sure to create a free Property Saver account so you can save your Search criteria and get Listing Alerts sent directly to you so you do not miss out on the hottest buys. You can also save your favorite homes to come back and view later. The Property Saver account has a ton of great tools designed to cater directly to you and provide you with a home buying experience.

Making an Offer

There is an art to making an offer on a home. Typically, sellers place their home’s value a little higher than their desired price. A buyer will send in a lower bid, in a reasonable range, and the seller will counter with an offer somewhere in the middle. Appliances might also be negotiable if you are willing to up your offer a bit. Your Realtor will be watching for signs of problems in the home and will make suggestions to you regarding the offer. Listen to them closely as this is their business and they do it every day. The average buyer only buys a home once every 7 years or so. An experienced Realtor will be able to help you negotiate a lower price that sometimes includes concessions or closing costs. Their job is to protect you in the contract.

Home Inspections

Getting a home inspection is a vital part of the home buying process. These inspections ensure that the home’s foundation, ceiling, heating, electrical system, walls, plumbing and entryways are up to certain standards. Sometimes the bank will require a home inspection however; many times they leave it to the buyer to purchase their own. It is extremely important to protect yourself by getting a home inspection right away. You typically have 10 days from an accepted offer to get the home inspected. Many buyers have been saved from disaster by taking the time to spend the extra $200 – $400 to get a home inspection only to find out the house has major problems allowing them to back out of the contract before it is too late.

Home Insurance

Lenders normally require that you insure your home. Home Insurance Policies cover the costs to fix any damages that might occur to the home. The price of this insurance is dependent on a home’s age, location and value and the insurance company you choose. Be sure to call around and get several quotes. Agents will oftentimes be able to take your information over the phone and get back to you the same day with a quote. Once you choose a company to insure your new home, the cost of that policy is normally added into your closing costs and sent into an escrow account to be paid to the insurance company directly the first year.

Escrow and Closing Costs

Before the home is legally transferred to you, the closing process must occur. During this phase, you will sign all of the mortgage documents, pay closing costs, and sign various other legal documents. Once all of the papers are signed, the keys to your new home are yours! The only thing left to do is move into your humble abode. This may occur immediately after the closing or at the date set in the closing documents.


Contact Us Now



716-389-3524 Direct

info@prestigehomesofwny.com

67 Mead St.
North Tonawanda, New York 14120

Connect with Us

Success Stories

Jill was very patient and helpful

Her expertise goes far beyond just foreclosure's which is what I was looking for when I started my search.

zuser20160102101252082 Bought a Single Family home in 2016 in Angola, NY

She listened to what we were looking for and diligently searched to help us find exactly that

She was amazing and I truly believe she was the reason we finally found and won the bid on our new home!

user12377842 Bought a Single Family home in 2015 in Tonawanda, NY

I have recommended her to my friends and relatives.

She is very knowledgeable about her profession, has a passion for her work and explained things very well whenever I had questions.

mgt60 Sold a Single Family home in 2015 in Kenmore, Buffalo, NY

If anyone MENTIONS buying or selling a house, I ALWAYS bring up Jill Partsch

She brought up points along the way I would have never thought of, and negotiated with both outside parties above and beyond what she had to.

DornerDecks Bought and sold a Single Family home in 2015 in Lockport, NY

I would highly recommend Jill to assist with the process of being a new homeowner

She made the transition of being a new homeowner very simple and seamless, and was always available to answer any questions.

Rettig james Bought a Multi Family home in 2015 in Lockport, NY

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Did you know the hottest homes for sale in Buffalo often sell within days of being listed? Don’t miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

New Property Alerts

As local Buffalo Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure… we hope to hear from you!

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