When do we start looking for properties?
After we sit down and have a meeting. There are always a number of questions to ask prior to shopping for a home or investment property. The most important one, do you have financing?
Who and where do I get a mortgage from?
You can go to any bank or mortgage brokerage to apply for a mortgage. Lucky for you, I have trusted lenders that I work with who can give you competitive rates and make the entire process easy for you. They will ask you to provide your income statements, tax returns, bank statements and assets that you may have in order to qualify you for a loan.
How do we submit an offer on a property that we want?
In New York, we use a form called a binder. It is a basic document that we fill out your offer amount, the terms and your personal information. In New Jersey we use an actual contract package that is 13 pages long. These documents are then used to create contracts by your attorney.
Do I need to have an attorney?
New York State is an attorney state so everyone uses an attorney. In New Jersey, it is not an attorney state so it is not required. However, it would be penny wise & dollar foolish not to have an attorney. An attorney reviews every deal with a fine tooth comb. I work with a number of trusted attorneys that help me get my clients to the finish line.