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Actually, there are many steps one must take when preparing to buy a home in the Shreveport and Bossier City La housing market. The home buying process requires that due diligence is performed by the potential homeowner in order to avoid potential setbacks. The following is a starting point and will help eliminate a lot of frustration, guess work, and even wasted time that sometimes arise when these elements are lacking:
The 1st thing a home buyer needs to do before even looking to purchase a home or property is to have their financing approved. This typically involves meeting with a banking or mortgage loan officer to find out one's credit rating. After one finds out where he or she stands as far as credit and financing is concerned, the following things become evident:
•· One will know if and how much "house and/or property" he or she can afford to purchase in the Bossier City or Shreveport or surrounding areas which include Barksdale AFB area, Benton, Haughton, Minden, Blanchard, Keithville, Stonewall, Plain Dealing, La and other outlying areas in northwest Louisiana. This information will also help your Shreveport Bossier REALTOR or real estate agent know what price range you wish to examine.
•· If your credit rating is low or non-existent, the lender that you are working with will be able to recommend what actions you need to take in order to establish a good credit rating. The American dream of homeownership is still alive and well! With patience and persistence, working with your mortgage banker or lender, and your Shreveport Bossier City Louisiana REALTOR or real estate agent, you will eventually realize that dream.
•· One will save time (time is money) and possible headaches should you find what you want. Since we are experiencing a "buyer's market" in the real estate industry at present, there is competition from other buyers out there. Suppose one found the perfect house but did not have financing approved....that perfect house may be snatched from under you! Getting approved for a home or mortgage loan may take as much as 7 to 10 days. In the meantime, another prospective buyer could swoop in and seal the deal. This could make you very unhappy!
If you have already selected a lender or financial advisor of your choice, then that's great! However, if you have not, a member of Summit Executive Realty's home team will be glad to assist you. Contact Summit Executive Realty, today to begin the first steps in buying a home or property in the beautiful northwest Louisiana area.
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Immaculate and professionally landscaped 3BR/2Bath home built in 2003 within minutes of shopping malls and grocery stores. The home has an open floor plan that is great for entertaining and a split master plan that provides needed privacy. Large windows provide lots of outdoor lighting throughout. Kitchen layout is worker friendly with a double sink, disposal, microwave, glass top self-cleaning electric stove that opens to the rest of the living area. Whirlpool, double sinks and huge his/hers closets in master bath. Ceramic tile throughout main living area. Crown molding throughout and chair railing in kitchen/dining area. Two inch wood blinds that will remain. Columned front porch highlighted with gas lanterns at entryway. Newly screened back patio. Privacy fence surrounds spacious back yard that includes a storage bldg. and covered area for lawn equipment. Total under roof is 2800 sq. feet. Double garage with extra storage space. Security system and large floored attic area. Family oriented neighborhood in great school district:(Legacy Elem., Benton Middle and Benton High School). To directly access this property, use this shortcut: http://www.fizber.com/louisiana-buy-single-family-home-11647993.html
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Now that the Shreveport and Bossier City Louisiana housing market is heating up, many homebuyers are ready to take that final step....making an offer on a property that they have found that would meet their housing needs. Many agents assume that homebuyers are aware of the home buying process and fail to educate the buyer on this important step.
For the most part, we all agree that the process of making an offer on a home differs in many parts of the country or housing communities. But, here in the Shreveport Bossier City La real estate and housing market, the process is pretty typical. The potential buyer identifies a property that he or she is interested in purchasing in the Shreveport Bossier City la or outlying area. The buyer's agent then researches comparable Bossier City Shreveport LA or outlying area data for properties that have sold within a certain time frame using the Shreveport Bossier multiple listing service, courthouse records, and other available sources.
Before making an offer, buyers in the local Bossier City Shreveport housing market are often encouraged to educate themselves on the process as well. This process may include reading informative articles on the home buying process or using mortgage calculators to determine estimated monthly payments, etc.
Once a decision has been made by the buyer as to their home of choice, the buyer's agent then prepares a written offer to present to the seller or their representative. The seller's action on the offer would be to accept it as presented, reject it, or to submit a counter-offer in writing.
More often than not, an offer is met with a counter-offer. Whenever a line item or term in the offer is changed, this results in a counter-offer to the offering party. It is extremely important during the offer and counter-offer stages for all parties involved to stay on the offensive in order to help the process flow smoothly. Timely actions and cooperation by all parties involved are crucial to a successful transaction.
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The Shreveport Bossier City Louisiana real estate and housing market appears to be on a rebound. A recent article in the Shreveport Times indicated that it is now a "seller's market." In many aspects, this is welcome news for many that have weathered many months of a very sluggish real estate market.
Recent statistics reflecting the increased number of showings per listing also confirms that the worst may be over. While there remains a very healthy inventory of available homes for sale in the Shreveport Bossier City La real estate market, homes in certain price ranges are in a greater demand.
The home below shows activity of 39 showings with the majority of the viewings within the last three (3) weeks. That is very exciting data as it indicates that there are many buyers still looking for homes in the Shreveport Bossier City louisiana real estate market:
Shreveport LA Broadmoor Terrace
Many real estate companies in the Bossier City Shreveport LA housing market continue to provide an arsenal of information to buyers, sellers, and investors to assist them in navigating the process of buying and selling real estate in the Shreveport Bossier City Louisiana real and housing market.
Buyers are continuing to be urged to stop straddling the fence, make that all important decision to purchase a home now while there is still a healthy inventory of available homes, interest rates are extremely low, and the market to a degree is still in their favor.
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Let me help! The Shreveport/Bossier City/Barksdale AFB area is growing leaps and bounds!!! There is so much to do here in our area that was not available not so long ago.
If you are being transferred to this area, please let me offer you a relocation package. It will give you some inside information about all the new and exciting things to do.
Please either visit my web site www.bossierandshreveporthomes.com to request your relocation package or email me at vhackleman@suddenlink.net.
I look forward to hearing from you and informing you of all the new and exciting adventures here in our area!
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