Wednesday, December 8, 2010

Smart Steps to Buying Alamogordo Homes

Thinking of buying a home in Alamogordo real estate area? There are a few tips to keep in mind before setting out on the exciting journey to home ownership.

If this is your first time buying you will want to make sure you have the ability to buy. This can be learned from the local or national lender. You can find out online or in person but you will need to discuss all your finances and income to determine how much home you can afford. There is nothing worse than finding the home of your dreams only to discover you can't afford it. Take that problem out of the equation by getting approved up front and them have your lender issue you a pre-approval letter. This will show sellers you have done your homework and are a serious buyer.

Once you have the pre-approval letter in hand then you will need to look for home within that price range. You may find something less than your maximum and then you might find something a little more that you can offer less on. Either way make sure to extend your search to about $10,000 over your limit and $10,000 under you bottom line. Agents have a way of pricing a $250,000 home at $249,999 and if you capped your minimum at the $250K you wouldn't even see that home.

There are many great homes currently on the market in the Alamogordo real estate area. If you think that Christmas is not a great time to buy, you may be wrong. Home sellers are even more motivated during this time and may have more time to show the home than normal. Plus you will typically get to see the homes lit up and decorated with homey decor.

Once you have found the right house you and your Alamogordo buyers agent will submit an offer. The offer can either be rejected, accepted or countered. If there is a counter offer you can decide which direction you want to go. This doesn't have to be the final step in negotiating as you can make as many offers as you want until a negotiation is made.

For more tips and to start looking at Alamogordo homes, visit The Alamo/Nelson Team in Alamogordo New Mexico. They offer tips, articles, local news posts and all the listings in the Alamogordo area.

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