T. Jay Johnson Jr. - RE/MAX Property Promotions



Posted by T. Jay Johnson Jr. on 5/3/2019

Are you thinking about buying your first home but completely overwhelmed with where to even begin?

Buying your first home is a big, and exciting, decision. It’s also one that comes with a big learning curve you need to get down quickly.

There are many steps to the process and even though your agent is always here to help you and give advice it’s critical you do your own research. You want to be able to take action quickly when you find your dream home. To do this you will need to be able to keep up with the process by having everything done neatly, orderly and on time.

So where to start?

Start here:

Start by sitting down with your budget. What do your current finances look like? What sort of wiggle room for spending do you have? What can you afford for a monthly mortgage payment?

And perhaps more importantly, do you have enough saved to cover a down payment and closing costs? Depending on which programs you qualify for you don’t necessarily have to put the traditional 20% down. With that said, you should know how much you would need to put down and if you have money in the bank to cover those costs.

Smooth out any credit snags. Your credit score doesn’t need to be out of this world, but it should reflect that you are actively improving and financially responsible.

Find a mortgage professional you trust to help you make the right moves throughout the process. Again, you want to be able to take action quickly once you find a home you love. And you don’t want to miss out because your mortgage professional hasn’t prioritized you.

You will also want to have a preapproval prepared, with the help of your mortgage professional, when you are ready to start looking at houses. Having a pre-approval in hand shows your agent that you are serious about this process.

Calculate the costs. Yes, more math! You will want to take into consideration real estate taxes, HOA fees, home repairs and maintenance as you refine your budget to see which homes make the most sense for your lifestyle.

When looking at homes focus on the “bones” of the house. Look past paint, hideous wallpaper and yes even the granite countertops. Are there enough bedrooms? Bathrooms? A laundry room? Is there enough garage space and driveway? Do you like the floor plan? The neighborhood?

Know what’s important to you. In an ideal world, you will find a home that ticks off every item on your wishlist. And not to say that it’s entirely impossible, but know which items on your list are negotiable. Which are you willing to budge on and which are make or break?





Posted by T. Jay Johnson Jr. on 1/4/2019

If you're an apartment renter ready to take the plunge into home ownership, there are a lot of reasons to be excited! Owning your own home does bring with it additional work and responsibilities, but the feeling of pride that accompanies it makes it all worthwhile!

Once you get used to the idea that "the buck stops here" and that there's no landlord to handle repairs and maintenance any more, it won't take long to get into the rhythm of being an established property owner. Here are a few tips to help ensure that your first experience with home ownership is a satisfying one.

  • Get a good real estate agent. A real estate professional can provide you with valuable guidance, advice, and information about houses you're considering in your desired neighborhoods and price ranges. A buyers' agent can help you avoid many of the potential pitfalls of buying your first home and help you stay within budget. They'll assist you in clarifying your priorities and work on your behalf to find homes that meet your requirements. A service-oriented agent will not only point out the positive aspects of houses you're considering, but they'll also discuss ideas for adapting the home to your specific needs and lifestyle.
  • Hire an experienced property inspector. A seasoned home inspector can take a close look at the condition of the house and property you're considering and help make sure there are no major structural defects, safety issues, or operational problems with the home's systems and components. Although every property inspector approaches their job a little differently, their inspection service should include everything from the roof and foundation to the plumbing, electrical, and HVAC systems. They may also report to you on the condition of the home's insulation, its exterior, and any existing or potential drainage problems on the property. Certain aspects of the house may be excluded from the inspection if it's difficult or unsafe to gain access to them. A top-notch home inspector can also provide useful insights into repairs that need to be made on the house. As a side note, professional property inspectors are often members of The American Society of Home Inspectors and follow the organization's Standards of Practice.
  • Visit a lot of different houses for sale before making a final decision. It also pays to have a checklist with you to keep track of how each house stacks up to your requirements and expectations.
While your emotions will invariably play a role in your final choice, many other factors should also be taken into account, including the character of the neighborhood, proximity to conveniences and shopping, and the quality of the school district. Your real estate agent and/or the U.S. Department of Housing and Urban Development can provide you with a handy checklist for evaluating and comparing homes for sale.





Posted by T. Jay Johnson Jr. on 5/6/2016

Four candidatesInterview different agents before hiring the real estate professional who will act as your representative in the purchase or sale of your property. Find an agent who will work for you. Don't be afraid to interview different prospects. The person you hire will be the individual you are relying on to uphold your desires, preferences, and best interests in all real estate matters. Find out whether the real estate agent works full time or part time and how available to you the agent will make him or herself. If you are a first time home buyer make sure your agent is knowledgeable and experienced, as you may not want your representative to be going through the same learning process that you are. If you are selling, or if you're looking to buy in a certain town, find an agent who does a lot of business in the area and may have an office nearby. Find an agent who will work with you.  Real estate transactions are relatively detailed and sometimes can become lengthy processes. You want to hire someone you feel comfortable with and someone you will get along well with on a professional level. Make sure the real estate agent you hire is someone you aren't afraid to express your opinions to. You don't want to be afraid to ask questions of your agent because whether you're a seasoned real estate veteran or a first time buyer, questions may arise. Interviewing different agents to suit your needs is necessary. Certain agents may feel more comfortable with certain clients. Some agents may love working with first time buyers, are familiar with the first time buying experience, and have the ability to point these clients in the right directs, while some agents may prefer to deal strictly with sellers. In this case it would be important to be on the same page as an agent before signing any binding contracts with him/her. Determine your criteria and start interviewing!