• Search Homes
    • My Account
    • Contact

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

Lane Wommack – 615-542-6261
Rebecca Wommack – 615-542-0660
Lora Rodgers – 615-772-5576
Don Richer – 615-456-9189
Delena Marie – 615-684-9505
Ruth Ocana – 615-593-4995
Mariah Tellez – 615-498-3710
  • Menu
  • Home
  • Search
    • Advanced Search
    • Interactive Map Search
    • Hot Property Updates
    • My Account
  • Communities
    • Hidden River Estates
    • 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

4727 Peytonsville Rd E $7,500,000

4727 Peytonsville Rd E Franklin, Tennessee

5 Beds 8 Baths 8,883 Sq Ft 13.030 Acres

0 Old Hillsboro rd $6,499,000

0 Old Hillsboro rd Franklin, Tennessee

5 Beds 7 Baths 8,252 Sq Ft 10.769 Acres

1416 Chickering Rd $6,000,000

1416 Chickering Rd Nashville, Tennessee

5 Beds 8 Baths 5,750 Sq Ft 9.430 Acres

2618 Factory Rd $5,880,000

2618 Factory Rd Murfreesboro, Tennessee

Beds Baths Sq Ft 112.090 Acres

1004 Liberty Church Trl $4,999,999

1004 Liberty Church Trl Brentwood, Tennessee

7 Beds 11 Baths 10,668 Sq Ft 1.830 Acres

160 2nd Ave S 3401 $4,250,000

160 2nd Ave S 3401 Nashville, Tennessee

2 Beds 3 Baths 2,172 Sq Ft Acres

1517 Lone Oak Cir $4,195,000

1517 Lone Oak Cir Nashville, Tennessee

5 Beds 9 Baths 6,857 Sq Ft 0.710 Acres

160 2nd Ave S 3102 $3,999,999

160 2nd Ave S 3102 Nashville, Tennessee

2 Beds 3 Baths 2,384 Sq Ft Acres

1816 Franklin Hills Ln *Lot 2* $3,999,900

1816 Franklin Hills Ln *Lot 2* Franklin, Tennessee

4 Beds 6 Baths 7,907 Sq Ft 5.093 Acres

3914 Harding Pl $3,995,420

3914 Harding Pl Nashville, Tennessee

6 Beds 8 Baths 6,292 Sq Ft 0.500 Acres

4618 Belmont Park Ter $3,749,950

4618 Belmont Park Ter Nashville, Tennessee

6 Beds 6 Baths 6,119 Sq Ft 1.070 Acres

565 Grand Oaks Dr $2,999,900

565 Grand Oaks Dr Brentwood, Tennessee

5 Beds 7 Baths 8,165 Sq Ft 3.940 Acres

3304 Overlook Dr. $2,999,000

3304 Overlook Dr. Nashville, Tennessee

5 Beds 7 Baths 5,861 Sq Ft Acres

160 2nd Ave S 2007 $2,950,000

160 2nd Ave S 2007 Nashville, Tennessee

2 Beds 3 Baths 1,524 Sq Ft Acres

1411 Old Hickory Blvd $2,899,000

1411 Old Hickory Blvd Brentwood, Tennessee

5 Beds 7 Baths 7,416 Sq Ft 2.030 Acres

© 2023 · 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 ·