Montclair, NJ Real Estate

When it comes to selecting Montclair real estate, most agree it’s important you have a clear understanding of your wants and needs. The last thing you want to do is waste time searching for homes that fail to meet your needs and your budget. Honoring your time and budget, we will help you locate the right home to fit your needs quicker and at the right price. Below are a few time-tested Montclair home buying tips to insure your success.

Tip #1: Get pre-qualified for Your Montclair Real Estate Purchase

Why not start your Montclair MLS search on the right financial foot by completing our Pre-qualification form to determine out how much home you are eligible to purchase? As a general rule, your mortgage should not exceed 33% of your gross income. This calculation will put you in the ballpark for the amount you can afford. We will also help you assess your financial situation.

Tip #2: Be an educated home buying consumer

Use the Montclair property search tool to preview all homes for sale in the Multiple Listing Service (MLS). Once you find a few homes that fit your search criteria click or call us to schedule a showing. To speed up the process, simply tell us what you want in your home and we will search for you.

Tip #3: Create a list of amenities that are inportant to your Montclair area home

Make a list the most important features that you want in your home. Be aware it’s possible you may need to compromise on some of your amenities and features if an exceptional value presents itself.

Tip #4: Make sure the real estate contract protects you by requesting a home inspection

Be sure the offer to purchase and contract allows you to arrange for financing, a home inspection and negotiation of any potential problems. Having a home inspection prior to purchasing your Montclair home is a must. It’s possible the purchase of your home is your biggest investment so never take it lightly.

Tip #5: Compare Essex County lenders for the best deal and select the right type of mortgage

No doubt you’ve read many articles about the foreclosure and subprime mess in the mortgage industry. Now more than ever, lenders are competing for your loan. In spite of the negative news, there are many financing options available. As your Montclair Realtor, we will gladly recommend several trusted lending consultants who will help you make the right decision about which is the best loan type for you. We will make sure you know all the closing costs as well as the terms and conditions of the loan. When selecting the right type of loan, you might consider these questions.

• How long do you plan to live in the home?

• Should you select a 15 year or 30 year mortgage?

• How much of a down payment will you make?

• Your credit score will impact your interest rate. Should you “buydown” the rate?

• What financing alternatives do you have? Do you qualify for a FHA or VA loan?

Ready to get started w/ your Montclair Real Estate search?

By following these helpful home buying tips you will be a smarter home buyer and purchase your next Montclair home with confidence. For more information, call us at (973) 509-2222 ext 135. We will gladly answer any questions you might have about the Montclair home buying process.