When do we start looking for properties?
After we sit down and have a meeting, there are always several questions to ask before 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 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 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 several trusted attorneys that help me get my clients to the finish line.