What are 5 mistakes buyers make in a HOT market?

1. Don't act out of desperation, work with a good agent that keeps all the newest listings coming to you as soon as they come on the market and view them as quick as possible.


2. Hesitation can be your worst enemy, not only can you miss out on a great home but you could have your loan approval expire right about when you find the home you really want.

3. Ignoring the market entirely is also a bad idea. You should be watching the market to see what properties are listed at and go to open houses to see homes versus prices.

4. Avoid financial fogginess, you need to get approved before you start your search for your new home so that you buy within your means and what you are comfortable with so you don't lose the home down the road and in a hot market it is best to be approved, it may get your offer accepted over one that isn't.

5. The last thing is that you never want to overpay for a home, working with an experienced agent that knows the market and keeps up with the current prices will keep that from happening. It can affect your appraisal and then you may not get the home after all.

Call Sharon Weber for all of your real estate needs  670-6776

What is a SID?

It is a special improvement tax for a neighborhood that is usually for streets, curbs, and sidewalks.  A buyer would want to know if there are any as it affects how much you pay in taxes.  There is a place on the buy-sell to check, we usually check for the seller to pay off any SID's but there are times when the seller does not want to so you have to negotiate SID's

Call Sharon Weber regarding your questions  406-670-6776

I found a house I really like, but they are asking more than I qualify for, can I offer them less?

You can always make an offer.  They in turn can accept, deny, or counter offer, but often times making an offer will tart the negotiations!

Call Pam Woodard for all of your real estate needs 855-1440

Why should we not use a top producing agent?

Top producing agents may be recognizable but generally, they are extremely busy.  To ensure that you or your property gets the most attention possible, a lesser known agent can devote more time to you while carrying the same pwoer anyone else could.

I can give you excellent service and a have a broker who has been in the business for over 25 years to back me up and make sure that everything is done correctly Ryan Mx  850-2995

I am paying $1000 per month in rent right now. Can I afford to own a home?

Very likely.  It can depend on what type of loan you qualify for and what interest rate you receive.  Here is an example of a loan that might be available to you.

• The purchase price of the home is $150,000
• you receive a 30-year loan with an interest rate of 3.77%
• You make a down payment of $4,000
• Your laon amount is $146,000
• Your payment would be around $1,000 per month.

*This is a rough estimate.  Every loan type has different requirements and costs involved.  In addition different proerties have different taxes.  Lenders can give you specific calculations that are applicable to you and the loan type you choose.

I would love to work with you in connection with your purchase.  Lisa Baumberger 208-5560

What is earnest money and why do we need it?

Earnest money is a deposit that a prospective buyer provides to the seller to show good faith that the buyer plans to complete the transaction.  This money is held in a Trust Account until closing.  The money will be applied to the amount that the buyer owes, in other words it will be credited to the sales price amount.  So if the buyer purchases a home for $100,000 and provides $500 in earmest money, the buyer would now owe $99,500 to be paid at closing.  Earnest money is not essential in a home purchase, but many sellers will not accept an offer without it.  The earnest money ensures the sellers that the prospective buyers are making a serious offer.  If either party defauts (fails to follow through) on the home purchase the disbursement of the earnest money will be held in the Trust Account until it can be determined who should receive the money.

Call one of us for all of your real estate needs:  Lisa Baumberger 208-5560 or Krista Bailey 519-3653