QUIZ Are You Ready To Buy?

Property Inquery Form

Interested in a property? Please fill out the form below with the property address and any questions/comments. I will be more than happy to help you.


First Name*:
Last Name*:
Email*:
Phone*:   (333-222-4444)
Property Address*:
Zip Code*:
Year Built*:
Square Footage*:
Bedrooms*:
Bathrooms*:
Desired Purchase Price:
When are you
planning to move?
Notes:
Please describe any special features you want.
Comments:
Yes I have a pre-approval letter
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BUYERS QUIZ: Are You Ready to Buy?

By: Erika M. Kay, Broker-Owner, Certified Government HUD Homes & Distressed Property Specialist.

The market currently offers ideal buying conditions. Interest rates are at historic lows and home prices are extremely affordable. There is a large supply of homes available of Standard, REO, short Sales and now the still almost unknown highly affordable on-line bidding of Government HUD Homes for sale program, available ONLY through a HUD approved real estate broker..

Yet, the questions remains, Are You Ready to Buy? Take a moment to answer this ten question quiz: Am I Ready to Buy?

1. What is your credit score? (a) less than 620; (b) between 730 and 850; (c) between 620 and 730.

2. Do you have cash for a down payment? (a) How much?; (b) yes; (c) not yet, but we’re working on it.

3. Do you have cash totaling an 8-month emergency fund? (a) I live month to month; (b) we have funds to cover 8 months of expenses; (c) we only have savings to cover a few months.

4. Have you been pre-approved for a mortgage? (a) I figured I’d find the house I like first; (b) Yes, and I have a copy of the letter; (c) I played around with forms online.

5. Is your job: (a) temporary, part-time; (b) full-time and secure; (c) full-time, but our company is experiencing lay-offs.

6. Do you plan on staying in your current city for the next 3 to 5 years? (a) I won’t be here for that long; (b) Yes, most definitely; (c) I’m not sure.

7. Have you worked on buyer budget? (a) I don’t have time to do frivolous budgets; (b) I have a spreadsheet showing different scenarios; (c) I’ve worked up a few, but haven’t spent much time.

8. How much space do you need? (a) I want a mansion. I’ll take nothing less. (b) We know within about 500 square feet; (c) we’ve given it some thought, but aren’t sure.

9. Are you and your spouse or partner on the same page? (a) it’s my way or the highway; (b) we’ve had several lengthy discussions and agree on most points; (c) we’ve talked, but have very different ideas.

10. Why do you want to buy? (a) I want a place i can show off; (b) I want stability for my family; (c) I want to be able to decorate like I want! If you answered mostly a’s, then our experts recommend you take some time to get your finances in squeaky clean order before proceeding.

Homeownership is a big financial responsibility, and with an unemployment rate over 9.0 across much of the country, it’s important that you have funds in place to take care of yourself and your family before you buy. If you answered mostly b’s, congratulations! You sound like a prime candidate for homeownership. Be sure to contact your local Realtor for advice on the next step. A sharp Realtor will guide you to your successful close of escrow. If you answered mostly c’s, you are very close to being ready to buy. If needed, your Realtor will help and guide you to a direct lender who for the next few months will help fix errors with your credit report and what rates you qualify for. Start putting buying at the forefront of your mind and your future planning. Make it a priority and it’ll happen! I am a Real Estate Broker with more than 30 years experience of “up & Down” markets and always at your service when you need me.

Erika M. Kay, Broker/Owner, Property Manager
Short Sale & Foreclosure Specialist (NARSFR)
SRES (Senior Real Estate Specialist)
Certified e-PRO

Independent Broker Consultants
1655 E 6th St. Ste A-1, Corona, CA, 92879
Office: 951-734-6447 - Direct: 951-545-3786
E-mail: erikakay@earthlink.net - Website: www.ErikaKay.com
CAL BRE #008047509