Will my offer be accepted over any other offers because I expect to pay cash?

Cash is looked at very favorably but not always. At the closing table all sales are cash to the seller because of some type of financing.

Jo Ann Thomas  406-628-2903

Are you ready to start house hunting?

our first step is to decide where you want to live. Do you want to live in the city or are you looking for a property with some land? Are you willing to commute? The smaller towns a short distance from the city often times have better prices.


Start your search early. The more time you have to look, the better chance of getting the home that matches your wants and needs. Consider house hunting in the off-season. Usually the colder months of the year are the slowest. There will be less competition and the sellers may be more anxious to negotiate.

Consider the schools when selecting a location, even if you don’t have school age children. When it comes time to sell, you will have a major advantage if your home is located in a desirable school district.

Find a realtor that is willing to show you lots of houses, even if you are looking at lower price homes. Have your realtor set you up to receive automatic emails with the new listings that come up on the market. When you are out looking at houses, you may want to take a notebook and digital camera with you to help you keep track of what you have seen.

Keep an open mind. You may be able to add a deck or fence or finish off an extra bedroom, if the price and location are right. Your realtor can be your best asset. Take advantage of their knowledge and resources.

Call me today to let me help make your home buying experience enjoyable and successful.

Colleen Foreman      406-671-0412                cforereal@aol.com

Why do you need a preapprooval letter?

If you are serious about buying a new home, you will need to know how much money you can borrow and what mortgage payment you can afford. Many realtors will want you to be preapproved for a home loan before they start showing you houses.


The best place to start is with your own bank or credit union. Your realtor can also recommend a lender they have worked with and who has a proven track record of providing quality service. The loan officer will check your credit and review your most current pay stubs, W-2s tax returns and bank statements. Most lenders can tell you right away if you are approved and how much you can afford. Once a seller has accepted your offer, you can still shop for your mortgage with other lenders to make sure you are getting the best deal.

The best homes that come up on the market sell the fastest. When you find that perfect home you will want to move quickly. When you are ready to make an offer, the sellers will want to see that you are preapproved for a loan and can afford their home. Because you are preapproved, your lender can provide an up-to-date letter for the specific property to submit with your offer.

Call me today to let me help make your home buying experience enjoyable and successful.

Colleen Foreman
cforereal@aol.com
406-671-0412

Are you ready to buy your first rental property?

Get your finances in order:

Determine how much money you have available for a down payment
Identify which lenders have suitable loans for income property
Take advantage of the low interest rates while they last.

Decide what type of rental property is best for you:
Single family
Side by Side or Up/Down Duplex
Multiplex properties (three or more units)
Mobile home parks
Apartment buildings

Choose neighborhoods that are in demand
Low crime
Good schools
Desirable location

Work with a Realtor with personal experience and success with rental property
Call me today and let me share my knowledge and experience with you about making money owning rental property in Billings.  Colleen Foreman   406-671-0412     cforereal@aol.com