Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Renters ! If you want to be a homeowner in 2009, now is the time to start preparing.

Renters ! If you want to be a homeowner in 2009, now is the time to start preparing.

Renters ! If you would like to buy a home in 2009, now is the time to start preparing for home ownership.

The most important thing is to sit down with a mortgage broker or loan officer and get your credit report and find out how much you can qualify for and how much you need to save. The rates may change next year and there may be different programs but this initial interview  will help you .

Once you know your credit score, you can try to improve the score. They will guide you and tell you if you need to pay off some loans.

Do not get more credit cards even if you are tempted by store credit cards which offer 15% discount on first purchase.

Do not lease  a car if you can manage with your car , if home ownership is more important than a new car.

Pay all your bills and rent on time. If you do not have credit try to establish some credit. The loan officer will guide you with it.

They will also tell you how much to save for down payment and closing costs.

Once you have done this you can sit down with a Real estate agent to have an idea of home prices. If you are looking in Philadelphia are I will be glad to help you. I am an Accredited Buyers Representative and hold ABR designation.

I can refer you to a Real estate agent anywhere in the country.

Gita Bantwal ReMax Centre Realtors 215-343-8200 x124 or 343-8206

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 6 commentsGita Bantwal • July 17 2008 07:04PM

Comments

Gita,
Yes, it is true the time is right, prices are low, interest rate are very favorable and there is a good inventory.  But, one must have all creditials in order as you stated and there's no time like the present to start reviewing and preparing.

Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc) about 10 years ago

Cynthia, I agree. I had some prospects who came to me but they could not qualify as they were not prepared.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 10 years ago

Great advice. I paln to share my market. Thanks. Veronica

Posted by Veronica DeCarolis (Weidel Realtors) about 10 years ago

Gita  Excellent advice, I would also want to add that the potential buyer should check in his or her county to see if there is any savings program through the state or county where matching dollars can be had.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) about 10 years ago

Jennifer, Thanks for the comments and tip. I agree when they are ready to buy they should look at programs that are available and grant money , which goes fast. A good agent can inform them as soon as it is available .

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 10 years ago

Veronica, Thank you for reading and for the comments.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 10 years ago

Participate