San Diego, CA · Member since 2017 · 17 posts · 4 votes
First time home buyer, I'm curious what agency/Realtor I should use or what is the best way to go about finding the best deal for a property weather it be apartment, condo, or house. I will be buying in the NJ/NY area in May/June. Also who should I have evaluate the home as far as it's general well being or structure and maintenance problems that may be hiding. If you need any more information please let me know, also any help at all to point me in the right direction will help. I will be in NY/NJ for only a week in April before having to decide (a friend will be there prior scouting). Also any tricks to buying a home out of state or something to be aware of in NJ/NY.
Thank you very much!
Thanks John Mathewson but as far as home buying and getting a good deal for your money, besides personal research, what is the best resource to help you accomplish buying property
A "good deal" is different for everyone so depends on your goals. I know that's not an answer really but it varies so much. Here is a quick run down of my process.
1. analyze every new house on MLS each day
2. Run comps on ones that look like they need work or are priced low for area.
3. Figure repair numbers from pictures. (this is not a science but gives you an idea)
4. Run the numbers on our proforma. Numbers don't lie
ARV-Purchase-Repairs-Cost= Profit
The best resource for helping me buy a home then would be the MLS because that is where we get the numbers to plug into our proforma.