Martha’s Vineyard Real Estate

• Choose and Sign with a Real Estate Broker/REALTOR®. As a buyer, you have the right to have a dedicated Buyer’s Agent who will represent your own personal interests throughout the transaction. The Sellers Agent does not represent you. They represent the seller only.
• Get a Financial Pre-Approval. Many Sellers now are requiring a Pre-Approval Letter from a lending institution before they will accept an offer. This is also a good way to find out how much you can borrow.
• Ask yourself, “How much debt am I comfortable holding?” Just because a bank will give you a mortgage, doesn’t mean you are comfortable with that amount. This will let you know what price range houses to look at.

• What Features must a property have. Prioritize your needs. Determine what features your ideal property might have, including location, size, condition, and amenities.

• Tour enough properties to make sure you find the right house. Identify and tour properties that interest you, with the help of your Broker. Visit all properties with your Broker, and review their assets and detriments together afterwards. Don’t be afraid to ask detailed questions.

• Finding the right property. ow that you found the property, your Broker can run a market analysis to help you determine a fair offer price.

• Research the property. Your Broker can help you become aware of the zoning rules, covenants, and any contingencies related to any of the properties in which you are interested.

• The Offer. When you find a property you like, work with your Broker to determine a suitable price and to submit an Offer to Purchase Agreement. Your Broker will work you through buying process.
• The Closing. The transaction Process can be complicated and it’s the Broker’s responsibility to assist you from offer to Closing. Remember, sometimes there can be bumps in the road. In most cases, these can be resolved. Always look toward the finish line, don’t get caught up in the issues. Remember, once you have closed, you will be able to enjoy your new home.

The transaction Process can be complicated and it’s the Broker’s responsibility to assist you from offer to Closing. Remember, sometimes there can be bumps in the road. In most cases, these can be resolved. Always look toward the finish line, don’t get caught up in the issues. Remember, once you have closed, you will be able to enjoy your new home.