Dan Gregor's Team Prudential American Realty Center

FOR THE WEEK OF: October 26, 2009

The "Gregor Team" Wants To Help You Take Advantage Of Today's Great Rates - Call For Help In Refinancing Or Finding A New Home.

CALL US TODAY FOR ALL YOUR BUYING OR SELLING NEEDS.

Let the Internet Be Your Guide for Home Buying Research

By Dan Gregor
Broker/Owner
Prudential American Realty Center

Would you spend $20,000 on a car without first researching to make sure that you are getting the make, model, options and price that best fits your needs? Of course not. But many homebuyers are willing to make one of the biggest investments in their life without finding out all they can about the process and their options. That's where the Internet comes in. There is a wealth of information out in cyberspace. Not only will it give you a better scope of what is available in your market, but also can save you time. According to the 2002 National Association of REALTORS (NAR) Profile of Home Buyers and Sellers, 63 percent of buyers said that the Internet shortened the search time of their new home.

If you don't know where to start, Realty Times and Realtor.Com are two great resources. Both sites have tons of articles on all aspects of the home buying/selling process. You can get information on how to choose a real estate professional, purchasing a vacation home, typical closing costs and everything in between. Make sure you also check out The Wall Street Journal website's special section on homes Homes.WSJ.Com and other major newspaper websites.

Home Listings

With 85 percent of homebuyers using the Internet as an information source (according to the 2008 NAR Profile of Home Buyers and Sellers), it should be no surprise that a significant number of homes for sale are listed on there. Sites such as realtor.com allow you to conduct home searches throughout the country based on different criteria such as zip code, price range and square footage. Some search engines even allow you to find homes in other cities that match the neighborhood you live in currently. You can also find listings on individual real estate company's sites such as Prudential.Com Or request information on a specific area or home here by requesting a MLS Market Snapshot

Neighborhood Comparison

When you are moving to a new town, you more than likely won't be familiar with the neighborhoods. By using the Internet, you can answer questions such as: Which communities are the safest? What's the performance rating of the schools in the new area? How does the cost of living compare between town A and town B?

Do You Have Good Credit?

You no longer have to wait until you are in front of a mortgage lender to find out what's on your credit report. You can get it instantly through various services on the Web. You can also visit the Websites of the three major credit-reporting agencies, Equifax, Experian and Trans Union to obtain your credit reports and tips on correcting your credit.

Financing Your Home

If you are like the majority of homebuyers, you will be applying for a mortgage loan. There are several sites that allow you to compare mortgage interest rates of lenders nationwide. You can also get personalized quotes.