Are you looking for the Bat Cave or Martha Stewarts Kitchen?

Are you looking for the Bat Cave or Martha Stewart's Kitchen?



First time home buyers, here is a quick Tip that is a MUST when purchasing you first home.



Know what you want in a home! Make a list of things you cannot live without and things that would be nice to have. Yes, making a list means writing it down and having it with you when you are searching the Internet for properties or when you are physically at the property. It can even be in check list form.



Some things to think about are:



Do you prefer historic homes or newer homes?

What style home are you looking for?

Home many Bedrooms and Bathrooms?

Is a bathtub important?

One floor or more?

How close is it to your work?

How close is it to shopping?

How large would you like your home to be?

Kitchen: Is it updated? How big is it?

Do do want a garage or basement?

A shed?

How large of a yard?

Pool?

Laundry/utility room?

Fireplace?

Sprinkler system?

Are you close to public transportation?

Etc, Etc, Etc.



So sit down and think your list through, write it out and use it?



Any questions or anything you think is also important to include please let me know.



Thanks and have a great day,

Bob

bdambrosia@gmail.com

609-371-2684

REO Properties, 5 Tips you should Know if You are a First Time Home Buyer

REO properties stand for Real Estate Owned. These properties have gone through the foreclsoure process and the Bank now owns the Property.

REO Properties, 5 Tips you should Know if you are a First Time Home Buyer

1. The Bank usually sells these homes "As Is" This means you get what you see and you get what you do not see" Make sure you go in knowing this.

2. Do your homework, The bank usually has no disclosure for these properties. Speak with the neighbors about what they may know.

3. When looking at the property pay close attention to all the work that is needed and write everything down. Get ballpark estimates and then add a little for cushion.

4. Use a Realtor to find out what other homes in the area sold for.

5. Get preapproved for a mortgage so you know how much house you can buy.


If you find something you like buy it, REO's can be a great way of purchasing your first home. I market REO properties in NJ. For additional information or questions and email me at bdambrosia@gmail.com