Office Location

196 Washington Street
East Stroudsburg, PA 18301
Telephone:
570.476.1851
877.232.7355
Fax:570.421.5477

 
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Homes East Stroudsburg
Short Sale Poconos
Short Sale Poconos
Short Sale Poconos

Douglas A Freeman, Realtor

Realty 101

 A Homebuyer's Guide to the Agreement of Sale for Real Estate.

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A Homebuyer's Guide to the Agreement of Sale for Real Estate

5 Common First-Time Homebuyer Mistakes

  • They don’t ask enough questions of their lender and miss out on the best deal.
  • They don’t act quickly enough to make a decision and someone else buys the house.
  • They don’t find the right real estate professional that is willing to help you through the home buying process.
  • They don’t do enough to make their offer look good to a seller.
  • They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.
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Tips on Buying

Increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps.

  • Get pre qualified for a mortgage. You’ll be able to make a firm commitment to buy and make your offer more desirable to the seller.
  • Stay in close touch with your real estate sales associate at Becky Freeman and Associates to find out first about new listings that come on the market. And be ready to go see a house as soon as it goes on the market.
  • Scout out new listings yourself. Look at Internet sites, newspaper ads, and drive by the neighborhood frequently. Maybe you’ll see a brand-new “for sale” sign before anyone else.
  • Be ready to make a decision. Spend lots of time in advance deciding what you must have so you won’t be unsure when you have the chance to make an offer.
  • Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t try to go too low to get a deal. In a tight market, you’ll lose out.
  • Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period.
  • Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy anything. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.