For Buyers

Buying a home is an exciting time in one's life. Making the smart move of choosing a REALTOR® is your first step to ensuring that your new home and community meets your needs. Our services and experience range from financial aid to helping you find the home that best suits you and your family. For your convenience, we also provide listings by email. We pride ourselves on repeat business and hope you'll come to understand why.

How We Can Help
Before you start looking
Closing Costs
Short Sales

As Your Agent, We Will:

• Assure that you see all the properties in the area that meet your criteria.
• Guide you through the entire home buying process, from finding homes to look at, to getting the best financing.
• Make sure you don't pay too much for your new home and help you avoid costly mistakes.
• Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.

Before You Start Looking For Your New Home:

• Check your credit rating. Straighten out any errors before its too late.
• Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
• Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
• Choose a REALTOR® that you trust and who understands your needs.
• Determine what neighborhood best matches your needs.
• Identify important features you need your new home to have.

Closing Costs to Expect:

• Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
• Third-party fees include charges for insurance, title search, and other inspections such as termites.
• Government fees include deed recording and state & local mortgage taxes.
• Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.

Find out how much your closing costs could be.

Win, Win Opportunity for Everyone!

In the past year, several of our clients have expressed interest in "Short Sale" properties.  A Short Sale is defined as a situation where the borrower owes more on the property than the property is presently worth in the current market.

As Realtors, we are experienced in working through the Short Sale process with buyers, sellers and their agents.  We have found that the chances of success with the seller's mortgage lender improve if our communication with them is clear and organized.  Through our communication, we will learn if the lender thinks the short sale is workable and in doing so, what is needed to conclude the process.  Our clients are then counseled on what to expect regarding the time frame, from their accepted offer to the close.

Short Sales can be challenging.  They may require months to close.  The current bank "mortgage lender" is the key player, for they often determine the timeline.

The advantage of a Short Sale to you, our buyers, is that the property is being sold at a significant discount in the market.  Patience si a reward and our buyers gain an advantage in the purchase of their home or home site.

If you have any questions about Short Sales, please contact us.  We have long term backgrounds in banking which provides a degree of knowledge learned through years of practical experience.

Eileen Montgomery
843-815-8634
emontgomery@gatewayrealtysc.com

Dennis Montgomery
843-815-8629
dmontgomery@gatewayrealtysc.com

Information provided by Down South Publishers.

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