Buying a Home in Northern Indiana?

Our real estate team is here to help you find the best home.

Find My Dream Home

In our experience, a house is not a dream home because of its size or color. It’s about how you feel when you walk through the front door – the way you can instantly see your life unfolding there. This is about more than real estate. It’s about your life and your dreams.

Owning your own home is one of the most rewarding experiences you’ll ever enjoy. But how much you know about the buying process, and whom you choose to help you, can save you from unnecessary headaches and unforeseen hassles. Most importantly, it can save you money.

Purchasing a home is a big financial decision. There are many aspects of the home buying process that require explanation and the more you know, the better position you will be in when it’s time to sign papers.

This is where we come in, offering the guidance, information and assistance that only a qualified real estate professional can provide. And because we stay on top of all the latest news, market data, real estate laws and regulations, and lots more, you can rest assured that you are always getting the expert advice and service you deserve.

When you have a dedicated team working together on a planned strategy, chances are you’ll be moving into your dream home sooner than you might imagine.

Here is a quick checklist to keep in mind:

1. Get pre-approved by a lender so you understand how much home you can afford
2. Commit to working with a strong buyers agent, like Kevin & Nick Foy, who will look after your best interests and work with your schedule.
3. Determine what neighborhoods you desire to live in most to make your decision on location easier when it comes time to search for properties in these areas
4. Create your checklist of priorities and features you desire in your dream home. Be prepared to compromise. Rate them on a scale 1 to 5 with 5 being you can’t live without and bring this list with you to your meeting

We look forward to helping you achieve success with this major milestone in your life.

Frequently Asked Questions

Should I talk with a bank before looking at homes?

The answer to the question is YES! Your first step is to have the bank help you determine how much home you are qualified to afford. This will save you wasted time looking at homes you can’t afford. A bank will pre-approve you so that you have a letter to submit to the seller showing you are qualified to buy their home.

Secondly, if you’re a first time home buyer then the bank will lay out your options as there are many first time home buyer programs available to you.

Thirdly, a bank will help layout your expected costs of obtaining a loan. These costs usually include points, your interest rate, closing costs, and other fees banks charge when creating a loan for you. A mortgage professional will explain to you about down payments, escrow accounts, pre-payment penalties, and other terms that lenders use in their legal documents.

Should I sell my current home before buying a new home?

There is no definite answer here. It will depend on your financial situation and other factors when making this decision. It may take several months for your home to sell depending on the market and demand for homes in your area.

If you need the home to sell in order to have the money for a down payment on a new home, then you can include this as a contingency clause in your purchase contract when submitting an offer on a new home. Or you could just wait altogether until your home sells but this may leave you homeless and needing to rent until you purchase a new home. Overall, you’ll have to talk with various parties to determine the best decision.

Should I have a realtor when buying a home?

Yes, there are many benefits real estate agents provide you that make the home buying process a smooth process. Every real estate agent is different and there are great agents out there who will do a great job helping you purchase a home. Treat it like a job interview where you ask prospective real estate agents a series of questions to screen them and make sure you are selecting the best agent to represent you in the home buying process.

At Team Foy, we believe in listening first to understand our buyer’s needs and then crafting solutions to make the buyer 150% satisfied. Our quick response time makes us stand out from the crowd  and makes it easy on clients working with us knowing we are within contact any time.

Who pays the commission of real estate agents?

The seller always pays the commission unless otherwise noted in the contract. Therefore, if you are a buyer you get assistance from a real estate agent for FREE! Take advantage of this!

If you are a seller you will typically contract with a listing agent for a 6% sales commission. The commission is paid to the listing agent’s brokerage firm and if another agent brought the buyer, they usually split the commission receiving 3%.

As a buyer, you want to work with a purchase agent who will have your interests at heart. Since the listing agent has a fiduciary responsibility to represent the seller, the listing agent won’t have your best interests in mind.

Let us represent you as purchasing agents in a transaction. Call us today at 574-536-9218!