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Whether you’re a first-time homebuyer or have been through the process before, enlisting the help of a realtor is the best way to ensure you make an informed decision on your investment. You can confide in them knowing you’re receiving guidance from an expert. 

Here are some essential questions to ask a realtor:

  • How Does a Comparative Market Analysis Work?: A comparative market analysis is a report that shows homes currently for sale and recently sold in one area. It contrasts listings with other properties that have similar features to determine what a property should be priced at. As a buyer, it’s helpful to understand how this evaluation works because it will play a significant role in how much you put down for an offer.
  • realtorIs the Neighborhood Thriving or Declining?: Learning the growth trends of the local market will help you figure out how you want to proceed. It’s a good idea to have your realtor explain the projected development of a neighborhood, as this will have an impact on whether or not a certain property will make a sound investment.
  • What Do I Need to Do Before Making an Offer?: Before you even get close to writing an offer, there are some steps you should take to secure the financing for your home purchase. This includes checking your credit score, establishing a budget, shopping around for lenders, and getting pre-approved for a mortgage loan. Having all this done before making an offer on a home will give you more leverage in the transaction.

 

When homebuyers in the central Adirondack region, NY, need a real estate professional they can rely on, they turn to Herron Realty in Old Forge. For over 35 years, they’ve helped clients successfully navigate the market and accomplish their goals. Contact them at (315) 369-3767, or visit them online to start your home search. 

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