Buying A Home?

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Make sure the agent you choose has your best interests in mind!!  Establish an agency relationship by signing the respective agreement formalizing the fiduciary responsibilities and obligations of the representative.

When buying a home, it is easy to feel overwhelmed and at the mercy of everyone else.  Which house to choose, qualifications, paperwork.   Buying a house is most likely the largest purchase you will ever make and should be considered carefully.  Weigh all the pros and cons of each house, and educate yourself on loan options.  Don’t be afraid to shop around, and ask questions if you do not understand something.

Before applying for a loan, review your financial status. Check your credit report to ensure all your information is accurate. Mistakes on your credit report may be detrimental to your ability to borrow money, not to mention difficult to correct.  To correct an error on your credit report, notify both the credit bureau and the company reporting the error as soon as you notice it.  Check your financial accounts when the statements come in, or more frequently if available on line. Be objective about your spending by reviewing what you must spend, versus what may not be necessary.  The expenses you can cut will add up in your savings.

Simplify your home search by creating a list of what you are looking for.  First consider your needs; location, size, maintenance needs and most importantly, affordability.  Then consider your wants; type of flooring, kitchen appliances, additional space.  Write down the features of each property.  Then sit down in a quiet spot and review your findings.

When shopping for a house, look beyond the surface.  Don’t remove a potential house from the list just because the kitchen is painted chartreuse!   Many fixes, such as paint color and carpet, are simply cosmetic.  On the other hand, severe problems can be hidden if you don’t know what to look for.  A home inspector can help you differentiate the cosmetic from the serious issues.

Once you find your dream home, make it safe!  By investing in the safety of your home, you may possibly lower your homeowners premium.  Many companies give discounts for installing carbon monoxide and smoke detectors, fire extinguishers, installing dead bolts and/or adding a security system, and updating your electrical and heating systems.

I am here for you every step of the way.  Call me!  I can help you find the home of your dreams!

Angela Galluccio

NYS Licensed Real Estate Salesperson

Tel: (646) 207-8501

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