HomeNews or ReviewsBuyingSellingMortgage CalculatorHelpful links

15 Things Every Buyer Should Know Before Purchasing
1. Property taxes and qualified home interest are deductible on an individual’s federal income tax return.
2. Many times, a home is the largest asset an individual has and is considered one of the safest investments
3. A homeowner can exclude up to $500,000 of capital gain if married filing jointly or up to $250,000 if
single or married filing separately. The home must have been the taxpayer’s principal residence for the
previous two years.
4. A portion of each amortized mortgage payment goes toward the principal, which is an investment.
5. A home is one of the few investments you can enjoy by living in it!
6. The majority of the time, a REALTOR® can show you any home, whether it is listed with a company or
a builder or is even a For Sale By Owner.
7. Working with a REALTOR to purchase a For Sale By Owner property is very advantageous, because
someone will be looking out for your best interests.
8. A real estate professional who can provide you financial information with a computer will give you a
distinct advantage in making the right decisions.
9. A pre-approved program will actually approve you for a specific loan amount subject to the property.
This will give you confidence and will help when negotiating with the seller.
10. Your real estate professional can provide you with a list of items that you’ll need to make a loan
application, so you’ll be ready when the time comes.
11. The right to conduct a property inspection, included in your purchase agreement, gives you the ability
to negotiate with the seller once you know all the facts about the property’s condition.
12. A Home Protection Plan can provide coverage for selected items, such as central heat and interior
plumbing, built-in appliances, water heaters, etc. If the seller is not providing this coverage, you can
purchase it yourself.
13. Ask your real estate professional if he or she is familiar with the neighborhoods you want to live in.
Ask how many homes he or she has sold in those areas in the past year.
14. Working with a REALTOR who has an office “team” helps assure the buyer that the transaction will be
handled smoothly.
15. In a “seller’s market,” don’t go looking for a deal. Set your sights on the right house for you, and then
let your REALTOR help you negotiate the best price and terms.
                                            Helpful Tips on Finding Your Home‐‐Viewing Homes

After your initial counseling session (either via e‐mail, phone, or a face‐to‐face interview), Vince Lytsell, will have a good idea of your wants, needs, price range, and desired location and will enter your requirements in the Multiple
Listing Service (MLS) computer. From the many listings in its inventory, the computer will print a list of homes
tailored just for you. Vince will make arrangements to show you those homes that meet your criteria.

As you walk through the homes, feel free to open cabinets and closets. Most often, the sellers will be absent, but should they be present, they will understand your need to examine the home carefully. When a home appeals to you, make notes. It is easy to forget details. Often there will be information at the home and, whenever possible,  
he will have given you a copy of the MLS information on the home you are viewing.

Don’t be surprised if the first home you see is the perfect one for you, and don’t be discouraged if none of those you
visit the first day are what you want. Vince is committed to finding the house that you will call home, and he will work diligently until you find it. Usually, he will be able to find the home of your dreams rather quickly from a
selection of three to five homes that best fit the desires you expressed.

                During the Home Search…

                    Vince will:

♦ Discuss the benefits and drawbacks of each home in relation to your specific needs.

♦ Keep you informed on a regular basis.

♦ Check the MLS database and with other brokers daily for new listings that meet your criteria.

♦ Keep you up to date on changing financial conditions that may affect the housing market.

♦ Be available to answer your questions or to offer assistance regarding your home purchase.

♦ Discuss market trends and values relative to properties that may be of interest to you.

♦ Show you new homes as well as pre‐owned homes if you desire.

♦ Assist you with homes offered by the sellers’ themselves as For Sale By Owner (FSBO) listings. A homeowner who is
trying to sell his home himself is usually doing so in hopes of saving the commission. Coincidentally, this is the
reason a buyer wants to deal directly with a homeowner. Many times a homeowner will work with an agent,
even though his home is not listed, if the agent introduces the buyer to the property. If you should see a FSBO
and want the advantages of our services, please let him contact the owner and set the appointment.

As a member of the MLS, he can show you any property. If you should see an ad in the newspaper or a sign in a
yard, call him to find out the information you’re looking for. If you want to view the home, he’d be happy to show  
it to you!