Your Plan - Purchasing a Home in Windsor, Rocky Hill, East Windsor


1.  Find the right representative

Even if you’re not quite ready to buy, your buyer’s agent (ME!) can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise.  Speak to your agent first and she can be helping to guide you right from the start.

2.  Find out what your price range is
Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval.  Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

3.  Find out what your local market looks like
The internet can be incredibly valuable in doing preparatory research.  Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are).

4.  Find out what your true needs and wants are
Compose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent.

5.  Find your dream home or condo in Windsor, Rocky Hill, East Windsor, Windsor Locks or elsewhere in Greater Hartford CT!
Once you’re ready to act, you may be surprised by how quickly you can make a decision.  Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer. 

With the right team behind you, it really can be that easy!


Your Calculator


Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Your Team for Greater Hartford CT Real Estate


Your Real Estate Agent (That's me, Lisa Giller
!)

A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, I can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.

Your Mortgage Broker

I've found that a good mortgage broker is worth his or her weight in gold!  Having the right financing is extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. 
Ask me for at least 2 referrals to mortgage brokers in Greater Hartford CT...then compare their best deals.

Your Lawyer

Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues.
I can recommend a top-notch lawyer that I trust will do a great job for job.  And I'm also his real estate customer!  He's willing to take the time to answer your questions and specializes in real estate law.  And he'll travel anywhere in Connecticut for your closing!

Your Home Inspector

No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. And home inspections is where I advocate for your interests to be sure you get the best deal possible, helping you negotiate any problems ucovered during the inspection.  Yes, I have a
great recommendation here, too. 

 

Copyright © 2017 Lisa Giller, MBA, GRI, ABR, Broker - Owner
Lisa Giller Realty, LLC
406 The Mews, Rocky Hill, CT  06067

 

Cell: 860.221.8971

Email: Lisa@LisaGiller.com

 

  

 

Windsor Connecticut Real Estate - Rocky Hill CT Homes for Sale
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Greater Hartford CT MLS Search | Greater Hartford CT Real Estate | Windsor CT Homes for Sale

 

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