Home Buying Process
Your Journey Begins Here
Purchasing a home is a profound milestone, whether it’s your first, your dream residence, or an investment opportunity. At Ryse Realty Group, we’re dedicated to guiding you toward finding the ideal property tailored to your unique aspirations.
Expert Guidance
Navigating Your Path
With our team of seasoned real estate professionals, you’ll receive continuous education and support throughout your journey. We connect you with industry experts in lending, relocation, and more, ensuring you have the knowledge and resources to make informed decisions.
Seamless Experience
Stress-Free Transactions
At Ryse, we believe that the home-buying process should be as enjoyable as it is rewarding. With our expert support and dedicated transaction coordination team, you can focus on what truly matters—finding the perfect home—while we handle the details.
Core Values
Empower, Innovate, Serve
At Ryse Realty Group, we elevate your real estate journey with exceptional service and innovative buyer presentation tools. Our essential guides, worksheets, and checklists equip you with the knowledge and resources to make your best decisions. With us, you’re not just a client; you’re part of a thriving community dedicated to your success.
A Lifelong Partnership
Client for Life
When you choose Ryse, you’re not just getting a real estate agent; you’re gaining a lifelong partner. Our commitment to your success extends beyond the transaction. We are here to support you through every stage of homeownership and beyond.
Top 10 Buyer Tips
By Ryse Realty Group
1
Don’t buy if you can’t stay put.
If you can’t commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner.
2
Start by shoring up your credit.
Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover.
3
Aim for a home you can really afford.
The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you’ll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford.
4
Don’t worry if you can’t put down the usual 20 percent.
There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a down payment as small as 3 1/2 percent of the purchase price.
5
Buy in a district with desirable schools.
In most areas, this advice applies even if you don’t have school-age children. Reason: When it comes time to sell, you’ll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values.
6
Get professional help.
Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process.
7
Choose carefully between points and rate.
When picking a mortgage, you usually have the option of paying additional points — a portion of the interest that you pay at closing — in exchange for a lower interest rate. If you stay in the house for a long time — say five to seven years or more — it’s usually a better deal to take the points. The lower interest rate will save you more in the long run.
8
Before house hunting, get pre-approved.
Getting pre-approved will you save yourself the grief of looking at houses you can’t afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.
9
Do your homework before bidding.
Your opening bid should be based on the sales trends of similar homes in the neighborhood. So before making it, consider sales of similar homes in the last three months and talk to your agent about how homes are selling this very week – the market is always shifting, but the Livian Group stays up on the latest data.
10
Hire a home inspector.
Sure, your lender will require a home appraisal anyway. But that’s just the bank’s way of determining whether the house is worth the price you’ve agreed to pay. Separately, you should hire your own home inspector, preferably an engineer with experience in doing home surveys in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.
Explore Our Resources
Ready to embark on your timeless home-buying journey? Discover our informative buyers guide that outlines what to expect at each step. With Ryse, you’ll have a trusted ally by your side for years to come.
