PROPERTY HUNTING

Think carefully about what is important to you. Remember no bldg is perfect, but creative thinking may make it work for you. Find neighborhoods that suit you. Where’s your head at? What are your needs as far as size, looks, new modern or old fashioned, as far as outdoor needs, convenient transportation, schools? Will you need to have tenants? Back to top



FIRST GET PRE-APPROVED
What can you afford? How’s your credit? Speak to banks, apply for pre-approval. Some banks will do it for free. Speak to Kline Realty Brokers about this. This does not commit you to use that bank. Plan on needing 20% for a down payment for a 1-3 family house, more if the property has more than 4 apartments or if it is commercial or industrial. Back to top

FIND A BROKER
Find a Broker (like Kline Realty Brokers) who listens carefully, treat your needs seriously, takes your budget into account and treats you like a VIP. Back to top

WE FOUND A PROPERTY!
It’s in a neighborhood that suits you? It’s within your budget? Buildings are usually sold as is. Needed changes are doable? Now you make an offer. Don’t expect your first offer to be accepted. There are no rules. Some sellers are flexible with their price, some are not. A larger than usual down payment makes you look more substantial. What can you offer besides money? Being able to close fast is a plus. All terms, not just price, must be agreed on. This is where a skilled Broker is needed. Kline Realty Brokers work to make deals that will satisfy both the buyers’ and the sellers’ needs. Back to top

WE HAVE A DEAL! NOW WHAT?
Find an Attorney if you don’t have one. Find out in advance what you will be charged.

We do a Terms and Conditions that puts the sale information into the Buyers, Sellers, and their Attorneys hands at the same time. The Sellers’ Attorney writes the Contract.

Sitting down and signing the Contract with the Seller is very important. It commits the Buyer and the Seller to the sale of the property at the same time. Otherwise you may find yourself committed to buying a house and the owner may delay signing or even change his mind about selling to you.

When buying Condos or Coops expect to be scrutinized closely by the building’s Board who have the right to reject your application. Have all your financial records in order.

Have the property inspected by Certified Bldg Inspector. Listen to what they say. It is more important than what they write. If you want to make structural changes, see what the inspector suggests. Back to top

WE’RE COMMITTED!

Get a Mortgage.

You need to have a signed contract in order to apply for a mortgage. The bank will give you a list of estimated closing costs. The bank will need a Termite Inspection. Some Building Inspectors also can do a Termite Inspection.

Your Attorney orders a title search which will tell him the legal ownership of the property and whether or not there are any violations against the building.

The Bank will need a survey or a survey update.

Get insurance. Back to top

CLOSING! THE MOMENT OF TRUTH.
Come to the closing with certified checks, insurance binder, photo ID, extra blank checks. The Bank decides where and when the closing will be held. Back to top

THE JOB OF KLINE REALTY.
Always use a broker who knows the neighborhood and has a long history within it. One who knows real estate trends, community resources, and will ensure that all goes smoothly for you.

You don’t need a big brokerage where you get lost in the shuffle. You don't need complications that might end the deal. You need someone to give you support and assistance throughout, especially when things seem to go astray.

We have many happy customers who continue to call, drop in, and refer friends for many years following a sale. We like that and encourage it. It's the best sign of a good, professional broker. Back to top