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Ask the expert: Questions about buying a home

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How can I

negotiate a price?

One of the best ways to negotiate the best price is to hire an experienced Realtor that is a strong negotiator. A Realtor can research the sold homes in your area to tell you the average the list price/sale price ratio. They can also research similar homes that have sold to confirm a fair sale price.

Which loans might be best?

A good Realtor knows lenders that are competitive and knowledgeable in the current programs available. There are $0 down payment loans, Kentucky Housing loans, even special mortgages available in Oldham County that are not available in Jefferson County. Helping a client pick the best program for them is an important service the Realtor and lender should do together. Being familiar with the loan information helps the Realtor structure the best offer.

Tips and tricks to finding a home

Research on the Internet to start but as you get serious, interview and decide on a Realtor. Let that agent suggest a lender to contact and clarify your financial qualifications so there are no surprises. Get a pre qualification letter so that you are ready to present a strong offer when you choose a home. In today’s market, being ready to act quickly can make the difference in getting the home you want.

How do I find an effective Realtor?

Ask friends or family that have had a recent experience with an agent. Also look at local and national websites to see how that agent markets their listings on the Internet. Quality pictures and presentation can make a huge difference in the number of buyers that visit your home. Your first showing is in the Internet. Also make sure that agent’s style of communication and attention matches your expectations. You want an experienced agent but perhaps not the busiest agent in the office if you’re wanting feedback on showings, open houses, etc. A good Realtor can help you put more money in your pocket at the closing of your home and, if a good communicator, make the process less stressful.

Marion Gibson, Realtor, GRI, ABR

Cell: 502.338.4391

Semonin Realtors

1230 Market Street

La Grange

This is a new column as part of a partnership between The Oldham Era and Oldham County Chamber and Economic Development.