Are you looking to buy a home in Vermont?
Over the years, The Bateman Group has had the pleasure of assisting Vermonters, out-of-state, and international buyers purchase homes. Their dedication to top-quality service, strong leadership, and negotiation skills are why they have brokered successful real estate deals for clients. Their team understands the Central Vermont housing market inside and out, and with years of combined experience as Realtors, real estate specialists, and as active members of the community, The Bateman Group has a competitive edge to ensure that you will find the home of your dreams.
As Vermont’s premier residential real estate team, The Bateman Group realizes that buyers have various needs. It is their goal to make sure they listen carefully and help you find a home that meets or exceeds your expectations. To ensure a successful real estate transaction, there are a few things that buyers must be aware of before beginning the real estate hunt.
Why Buy a Home?
Over the last 12 months, home prices have appreciated by 4.7% and market indicators report that they will continue to appreciate at the same rate over the next year. Waiting is not always your safe bet — it could end up costing you more. Purchasing a home now will get you the best price and prove to be the best investment decision for years to come.
Mortgage interest rates continue to remain low. An increase in rates will impact your monthly mortgage payment and impacts the price of the house you can afford. Purchasing now while rates are low will ensure you are taking on the lowest mortgage payment and can save you money over the term of your loan.
Contrary to popular belief, you do not need 20% down to purchase a home. The median down payment on loans approved in 2018 was 5%. Purchasing your dream home may be much closer than you think.
Homeownership has many great benefits.
Homeownership offers many benefits compared to renting. It provides tax savings and often is less expensive than renting. Purchasing a home can help you build wealth through appreciation, allows you to leverage financing, creates wealth through paying off debt (your mortgage), and builds equity by adding value through any upgrades that are made. Real estate is one of the safest, steadiest, and simplest ways to build wealth.
Understanding buyer demand, competition, pricing, and the current state of the housing market in Vermont can help you to make an educated decision about purchasing your home. Real estate experts like those at The Bateman Group understand the complexities of purchasing a home. With decades of combined experience, The Bateman Group team will work with you to understand what you are looking for in your home and will work their hardest to guide you through the process of purchasing your next home.
The experienced Realtors at The Bateman Group can expertly guide you along the journey of finding the Vermont home you’ve always dreamed of, at a price you are comfortable with, and with agents you can fully trust and understand.
Pre-Approvals are in your best interest
Receiving a financing pre-approval letter is in your best interest if you are seriously considering buying a home in the area. Pre-approval shows that you are committed to purchasing a home, makes your offer more credible and strong, and gives you a competitive edge by allowing you to act fast and put in a confident offer when you do find the home of your dreams.
Create a Personal Wish List
What features do you want in your new home, and what features do you truly need? Create a personal wish list that consists of wants and needs. Your needs are not negotiable, for instance if you need three bedrooms do not think you can manage with two until you can afford to add on. What requirements must be met in order to consider making an offer on a home, these are your needs. Wants can change and often you can be flexible with wants. Wishlists help give your house hunt focus, and it strengthens communication between you and your Realtor.
Ensure the House Meets Structural Requirements
Whether you’re purchasing a new build or a rustic farmhouse, it’s important that the house is structurally sound. Every real estate transaction should include a thorough inspection by a licensed inspector and The Bateman Group will provide just such a list that has been vetted over years of using different inspectors around the state. If the inspection presents a problem, The Bateman Group will help you by negotiating with the seller, or the seller’s agent, a resolution to the problem.
Pre-approvals, wish lists, negotiations, and inspections are just a few of the many aspects of buying a home. The process can be overwhelming even for buyers who are purchasing their second or third properties. This is why it is always a good idea to have a Realtor who is looking out for your best interests and is available to answer your questions throughout the process.
An experienced Realtor can act as your skilled negotiator, your information database, and your trusted partner. Buying your dream home is a big step, and it is important to have a Realtor you can trust by your side for each step of the way.
Contact The Bateman Group to learn more about how to prepare for the purchase of your new Central or Northern Vermont home today!