• Search Homes
    • My Account
    • Contact

Murfreesboro, TN Homes for Sale by Benchmark Realty LLCMurfreesboro, TN Homes for Sale by Benchmark Realty LLC

615-809-2323 Office
615-542-6261 Lane
615-542-0660 Rebecca

  • Menu
  • Home
  • Search
    • Advanced Search
    • Interactive Map Search
    • Hot Property Updates
    • My Account
  • Communities
    • Murfreesboro
    • Franklin
    • Nashville
    • Brentwood
    • Nolensville
  • Featured
  • Buy
    • Get Started
    • Mortgage Calculator
    • Buyer Tips & Tools
  • Sell
    • Whats My Home Worth
    • Marketing Your Home
    • Seller Tips & Tools
  • About
    • About Us
    • Client Reviews
  • Blog
  • Contact

Buy

Home Buyers

Why Buy With Us?

Everyone dreams of owning their own home. When buying your first home, it can be a very exciting, yet anxiety filled experience. However, if you know what to expect during the home buying process you will be more relaxed and comfortable during this lengthy process.



Setting a Budget

Before the house hunting process begins, it is important to know how much you can afford. Expenses to consider include the down payment, monthly expenses, property taxes and any home insurance costs. These will all have to be considered before the home buying process begins as they are typically included in your new monthly payment. Since a person’s credit score determines their interest rate, knowing your score ahead of time can help you decide if now is a good time to buy or not. An individual’s debt-to-income ratio must also fall within acceptable limits of the home’s cost. Once you have determined these things, and if you feel that your budget has enough room to afford a new home, then its time to begin the home buying process!

Getting Pre-Approved

When looking for a loan, be sure to get more than one loan quote to get the best interest rate and loan terms for your mortgage. Different banks and companies will offer different loan origination fees and by shopping around you can often times save yourself a lot of money. Be sure to also check your loan officers website for testimonials and information. A good loan officer will offer you many online resources and tools. Before you lock in your rate, be sure to check the daily rate with the rate your loan officer gives you to ensure you are getting the lowest rate possible. Interest rates will determine how much a mortgage will cost each month and come in fixed or adjustable terms. Mortgage lengths can range from 15 years to 30 years with some loan providers now offering 40 year mortgages as well. The longer the repayment term, the lower the payments will be. However, the interest accrued will also be higher on a longer loan.

Finding a Home

Once you have been pre-approved for a mortgage and you know what amount your bank has approved you for, it’s time to find your dream home! First, find a Realtor. Not just any Realtor will do. Make sure you have an expert realtor who has been around for a while and is knowledgeable about the area you are moving to. A well seasoned Realtor often times has seen many of the homes in your area on the market before and can help you spot a potential money-pit before you buy it. Ensure that you make a list of needs and wants taking into consideration the amount of bedrooms you will require now and in the future, amenities, location and asking price. Remember, the first home you visit might be beautiful, but you should visit many homes before making a final decision.

Making an Offer

There is an art to making an offer on a home. Typically, sellers place their home’s value a little higher than their desired price. A buyer will send in a lower bid, in a reasonable range, and the seller will counter with an offer somewhere in the middle. Appliances might also be negotiable if you are willing to up your offer a bit. Your Realtor will be watching for signs of problems in the home and will make suggestions to you regarding the offer. Listen to them closely as this is their business and they do it every day. The average buyer only buys a home once every 7 years or so. An experienced Realtor will be able to help you negotiate a lower price that sometimes includes concessions or closing costs. Their job is to protect you in the contract.

Home Inspections

Getting a home inspection is a vital part of the home buying process. These inspections ensure that the home’s foundation, ceiling, heating, electrical system, walls, plumbing and entryways are up to certain standards. Sometimes the bank will require a home inspection however; many times they leave it to the buyer to purchase their own. It is extremely important to protect yourself by getting a home inspection right away. You typically have 10 days from an accepted offer to get the home inspected. Many buyers have been saved from disaster by taking the time to spend the extra $200 – $400 to get a home inspection only to find out the house has major problems allowing them to back out of the contract before it is too late.

 

Home Insurance

Lenders normally require that you insure your home. Home Insurance Policies cover the costs to fix any damages that might occur to the home. The price of this insurance is dependent on a home’s age, location and value and the insurance company you choose. Be sure to call around and get several quotes. Agents will oftentimes be able to take your information over the phone and get back to you the same day with a quote. Once you choose a company to insure your new home, the cost of that policy is normally added into your closing costs and sent into an escrow account to be paid to the insurance company directly the first year.

Escrow and Closing Costs

Before the home is legally transferred to you, the closing process must occur. During this phase, you will sign all of the mortgage documents, pay closing costs, and sign various other legal documents. Once all of the papers are signed, the keys to your new home are yours! The only thing left to do is move into your humble abode. This may occur immediately after the closing or at the date set in the closing documents.



615-809-2323 Office
615-542-6261 Lane
615-542-0660 Rebecca
lane@teamwommack.com
License# 00327349
rebeccawommackrealtor@gmail.com
License# 335407
Benchmark Realty, L.L.C.
630 W. Burton St.
Murfreesboro, TN 37130
Office License # 261865

Murfreesboro Real Estate

Did you know the hottest homes for sale in Murfreesboro often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

New Property Alerts

As local Murfreesboro Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure... we hope to hear from you!

Featured Properties

530 Jackson Blvd $12,900,000

530 Jackson Blvd Nashville, Tennessee

6 Beds 13 Baths 22,004 Sq Ft 5.150 Acres

4301 Forsythe Pl $3,995,000

4301 Forsythe Pl Nashville, Tennessee

4 Beds 7 Baths 5,882 Sq Ft 0.880 Acres

1091 Lynnwood Blvd $2,799,999

1091 Lynnwood Blvd Nashville, Tennessee

5 Beds 6 Baths 6,070 Sq Ft 1.860 Acres

13 Inveraray $2,650,000

13 Inveraray Nashville, Tennessee

5 Beds 9 Baths 10,077 Sq Ft 1.060 Acres

9835 Clovercroft Rd $2,500,000

9835 Clovercroft Rd Nolensville, Tennessee

3 Beds 3 Baths 2,373 Sq Ft 15.450 Acres

4644 Delta Springs Ln $2,499,000

4644 Delta Springs Ln Franklin, Tennessee

5 Beds 6 Baths 6,550 Sq Ft 1.320 Acres

2055 Timberwood Dr $2,450,000

2055 Timberwood Dr Nashville, Tennessee

6 Beds 8 Baths 7,067 Sq Ft 1.900 Acres

419 Murfreesboro Rd $2,395,000

419 Murfreesboro Rd Franklin, Tennessee

5 Beds 5 Baths 6,128 Sq Ft 1.080 Acres

837 Cheltenham Ave Lot # 2151 $1,754,000

837 Cheltenham Ave Lot # 2151 Franklin, Tennessee

5 Beds 7 Baths 4,983 Sq Ft Acres

1616 West End Avenue 02 $1,638,000

1616 West End Avenue 02 Nashville, Tennessee

3 Beds 4 Baths 1,951 Sq Ft Acres

2275 Henpeck Ln $1,499,000

2275 Henpeck Ln Franklin, Tennessee

5 Beds 4 Baths 6,927 Sq Ft 6.210 Acres

1909 Sevier St $1,497,000

1909 Sevier St Nashville, Tennessee

5 Beds 4 Baths 4,474 Sq Ft 0.170 Acres

612 Hume St $1,350,000

612 Hume St Nashville, Tennessee

4 Beds 4 Baths 3,412 Sq Ft 0.040 Acres

1759 Umbria Dr, Lot 116 $1,300,000

1759 Umbria Dr, Lot 116 Brentwood, Tennessee

4 Beds 5 Baths 4,565 Sq Ft 0.550 Acres

6339 Wildwood Dr $1,275,000

6339 Wildwood Dr Brentwood, Tennessee

5 Beds 5 Baths 4,909 Sq Ft 2.920 Acres

© 2021 · Benchmark Realty LLC. Team Womack · 615-542-6261 · Sitemap · IDX Sitemap | Terms of Service | Privacy Policy | Agent Center
Disclaimer - All Rights Reserved by Benchmark Realty LLC. Team Wommack
|

Log in ·