You Pick Local Burlington County Area Homes You Like, Carmen Cotto-Rivera, Realtor, Will Do The Rest. 

Ready to look at homes for sale in Burlington County and surrounding areas?  I have your back when it comes to negotiating a great deal, noticing those things most people don’t catch, handling all of the paperwork, & finding those properties you can’t easily find online.

The Best Protection You Can Get When Buying A Burlington County House Is Picking The Right Buyers Agent

As you know, buying a Burlington County area property can be a big investment.

You’ve been searching online for properties, maybe for months. Pulling up Zillow or is probably a daily habit by now and you’ve seen lots of properties come and go since you started searching.

But now you’re ready to get serious, right?

That’s where it can be critical to work with the right Burlington County real estate agent.

But, how do you know if you’ve found the right one?

92% of buyers purchased their home through a real estate agent or broker

National Association of Realtors

Well, that’s what many local home buyers think at first…

… and some choose their friend who has their real estate agent license or that person they saw in the newspaper thinking that “All real estate agents in Burlington County are the same“.

But many later find out that the wrong buyer’s agent in Burlington County could cause you to…

  • Lose the home you really want to another buyer because of an ill-prepared offer
  • Pay too much for a house based on emotion vs. solid facts
  • Waste hours and hours seeing homes that aren’t what you’re looking for
  • Miss out on an amazing house because it was a “For Sale By Owner” or Foreclosure and that agent isn’t experienced dealing with those types of sellers (or finding those properties) 
  • Overlooking issues with the house that could cost you tens of thousands of dollars and would have been noticed with years of experience working with the right inspectors and professionals
  • … and more

The Right Burlington County Area Buyer’s Agent Can Save You Thousands Of Dollars, Dozens Of Hours, And Lots Of Headaches

Burlington City home - Sold!!
Burlington City Home – sold

Real estate is usually the single largest financial decision most of us make, Vylla Home can help you make sure you not only find the house, land, or commercial building you’re looking for… but we’ll help you avoid the common pitfalls and mistakes that only comes with decades of experience and an amazing full-service team backing you up.

Yes! I Want To Work With Vylla Home!

Simply fill out the short form below or give us a ring at 201-835-5650 and let us know a bit about what you’re looking for so we can best help you buy your next Burlington County property.

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Quick Tips for First-Time Home Buyers (Part 3)

Here is part 3 of my short video series “Quick Tips for First-Time Home Buyers“. It is the third video of my three-video series. To see the first and second videos, keep scrolling – see below. Check it out!!

Quick Tips for First Time Home Buyers - part 3
Quick Tips for First-Time Home Buyers – Part 3

So you wanna buy your first home, you made an offer, it’s under contract, then what? Here’s some Quick Tips for First-Time Home Buyers, on what to do next.

Hi, this Carmen Cotto-Rivera, Realtor at Vylla Home in South Jersey. Okay, so you watched my first and second videos on my “Quick Tips For First-Time Home Buyers” series, and you found your house, you made an offer, got accepted, it’s under contract, you had the home inspection done, and here’s what happens next. If you didn’t see my first or second video, they’re uploaded on my website. Just scroll below to watch them. Okay, so here’s what is going to happen next.

Step Number 1: Next, your mortgage company will order an appraisal. They send out a licensed appraiser to go out to the property to make sure that the current value of the property is the same, or higher, than your mortgage amount. They can do a “drive-by” from just the outside, or do an interior appraisal. When they do an interior appraisal, they will go into every room of the house, take measurements, take pictures, and write up a report to give to the bank with the determination of value. If the appraised value comes in at, equal to, or greater than the contract price, then you’re good. However, if the appraised amount comes in less than the contract price, then you have a few choices. You, as a buyer can pay the difference out of your pocket, or have the seller pay the difference out of their pocket, or you both pay a little bit out of your pockets, you meet in the middle, or you re-negotiate the contract price, if it’s acceptable to the seller, or you can cancel the contract. Because without the appraisal, you cannot get the mortgage. That’s why it’s very important that you have a mortgage contingency clause in your contract. And, that is already in every New Jersey State contract.

Step Number 2: Okay, so let’s say everything is moving along, and the next step is waiting for the mortgage commitment. The mortgage company has approved your mortgage, because you’ve submitted, as a buyer, you’ve submitted all the documents that they requested, such as bank statements, pay stubs, et cetera, in a timely manner. Then it goes into the mortgage underwriting, where they check everything, from top to bottom, with a “fine-tooth comb” to make sure everything is in order, and that everything checks out. Okay, so during this time, I tell my buyers not to make any large purchases, get new credit cards, or get a new loan. The mortgage company will continue to check your credit up until closing day. So just keep that in mind. Once everything checks out, then you will get a “Clear-to-Close”, and now closing can officially be scheduled with day, time, and location. Yay! Okay, so now a preliminary HUD, or Alta sheet, will be sent to both buyer and seller, for their review. These are forms that tabulate the closing cost for both parties . And you, as the buyer, will have an idea of how much money you will need to bring to closing in a bank or certified check.

Step Number 3: Closing day has arrived! Yay! The buyer will be notified, by either the title company or their attorney, as to the exact amount of money that they will need to bring to closing. It has to be a bank or certified check – and this can be nerve-wracking! Also, the buyer and their agent will do a final walkthrough – will go to the property – do a final walkthrough of the house, to make sure that the seller has moved everything out, and that the house is in the same condition as when the buyer made the offer, and did the inspections. Also, if repairs were made, then the seller should have submitted receipts, pictures, invoices, et cetera, to confirm that the work was completed by a licensed contractor, if one was used. After all this is done, everyone goes to closing, and you will sign a lot of documents! Make sure your fingers and wrists are in top shape! The seller will be signing documents as well, and the agents are there for moral support, and to collect our commission check (wink) . And, I also like to give my buyers a special closing gift!

Step Number 4: Congratulations! You are a Home Owner! You get the keys to your castle! I recommend you get a picture taken, or record a video to remember this stressful, yet happy occasion! You can thank your agent, like me, for helping you every step of the way. And that’s it! Welcome to the wonderful world of Home Ownership! And those are some “Quick Tips for First-Time Home Buyers”. If you have any questions, hit me on the comments below. And this is Carmen Cotto-Rivera, Realtor, at Vylla Home in South Jersey. “Love where you live, and live where you love”.

Quick Tips for First-Time Home Buyers (Part 2)

Quick Tips For First Time Home Buyers  -  Part 2
Quick Tips for First-Time Home Buyers – Part 2

Here is part 2 of my short video series “Quick Tips for First-Time Home Buyers. It is the second video of my three-video series. To see the first video, see below. Check it out!!

So you want to buy your first home you made an offer, then what? Here’s some quick tips on the next steps for First-Time Home Buyers.

Hi, this is Carmen Cotto-Rivera, Realtor at Vylla Home, in South Jersey. Okay, so you watched the first video, “Quick Tips for First-Time Home Buyers” and you found your home and you submitted an offer. If you didn’t get a chance to see this video I have uploaded it on my website, just click on the link below. Okay, so here’s what happens next.

Number 1: Your offer got accepted! Yey! So, that means that in a seller’s market, you probably beat out the competition and had to go above asking. In a buyer’s market, your agent probably negotiated a better selling price for you and maybe even improved the terms of the offer such as including furniture, window treatments, etc.

Okay, step Number 2: A contract is generated by either the buyer or selling agent, and it’s sent to all parties for their signatures. Now, depending on the type of sale, the forms, in addition to the state contract, may vary. Once all of the contract is signed, then a copy is sent to either attorneys or the title company. For some reason, in New Jersey, if you are doing a deal from Princeton on north, then they use attorneys, and from Trenton on south, they use a title company. I don’t know why. Anyhow, if using an attorney, there’s going to be a buyer attorney and a seller’s attorney. And at this time, the attorneys will send letters to each other revising some terms of the contract. Once everything is agreed to, then one attorney will send an official attorney review letter to be signed off by all parties. A And once all parties sign off on the revisions, then we are officially out of attorney review. If you’re using a title company, you simply submit the contract to the title company. However, you have the right to have an attorney review the contract. You have like three days to get this done. And that’s step number two.

Okay, step Number 3: The signed contract also goes to the buyer’s mortgage company. This is what usually takes the longest during the contract process. Depending on the type of mortgage it can take as long as 30-60 days after receipt of contract to complete the mortgage process so keep that in mind.

Step Number 4: After attorney review, the buyer then schedules a home inspection. This is when a reputable, licensed, and insured home inspector, goes through the whole house from roof to basement, inside and out, and then they will issue a home-inspection report. Now, depending on what the home inspection report says, the buyer can then request repairs-certain repairs- be done by the seller, or issue a credit. Now, in a seller’s market, this may be a little harder to do. Because, if the seller chooses not to do it, then the buyer can cancel the contract and the seller knows that they’ll get another buyer. In a buyers market, this is a little easier to do. So just keep that in mind. Now, if the repairs are too extensive, the buyer may not feel comfortable moving forward with the purchase of the house. I don’t know it could be buyer’s remorse. But if they choose to cancel the contract, they can get their deposit back as long as they have a home-inspection contingency clause in their contract. Now, this is an every New Jersey State contract, however, it would be like I stated before, some buyers want to make their offer more attractive, especially in a very highly competitive seller’s market, that they remove the contingency clause. So just be careful. Just keep that in mind.

Now, what about mortgage, appraisals, closing day? That’s all for the next video.

If you have any questions, just hit me up on the comments below. And this is Carmen Cotto-Rivera, Realtor at Vylla Home in South Jersey, “Love where you live and live where you love.”

Quick Tips for First-Time Home Buyers (Part 1)

Here is part 1 of my short video series “Quick Tips for First-Time Home Buyers. It is the first video of my three-video series. Check it out!!

Quick Tips  for  First-Time Buyers  - Part 1
Quick Tips for First-Time Home Buyers – Part 1

So you want to buy a home and don’t know what to do. New Jersey market is still strong and here are some quick tips for First-Time Home Buyers.   Hi, this is Carmen Cotto-Rivera, Realtor at Vylla Home in South Jersey. Even in these times, First-Time Home Buyers are still going to need homes. The competition is tough and here’s some tips to help you.

Number 1:   know your credit score and get a credit report Make sure you look it over and that all your information is correct.

Number 2:   find a mortgage lender and tell them what you’re looking for, and they can determine what type of loan will best fit your budget and your needs. Once they process your information, they’re going to give you a preapproval letter. You’re going to need this letter.

Number 3:   find a Realtor, someone like me, and give them a copy of your preapproval letter.  They’re going to need that preapproval letter because it’s going to determine what type of property will best fit your budget and your needs.

Number 4:   make sure you consult with your Realtor and tell them your must-haves and your must have-nots. This is very important and it’s going to save you a lot of time. Number five, search for homes with your Realtor. Make sure you tell them what you like and don’t like about a house. This is the process of elimination, okay? So and number six, once you find that house, you got to make an offer. If it is a seller’s market, and your Realtor should let you know, then you got to make it a good, strong offer and you got to be patient because you have a lot of competition. As soon as you find a house, you got to jump and make that offer. And this is where a good Realtor will help you and lead you and guide you into getting you into that dream home.

Now, after the offer is accepted, that’s for the next video in the First Time Home-Buyer series.

This is Carmen Cotto-Rivera, Realtor at Vylla Home in South Jersey.  “Love where you live and live where you love”.