The homebuying process can be a bit intimating to some, but it doesn't have to be. Actually, making the decision to purchase a home if half the battle!
Here are the basic steps that will help to make your purchase process a successful one:
Step 1: Create a Purchase Plan
Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income.
Step 2: Start Looking Early!
Allow yourself adequate time to shop suitable homes and its communities. This way, you can ensure you’re making a well thought out decision.
Step 3: Contact a Mortgage Lender
You will have many questions when you are purchasing a home, and having one of our experienced, responsive mortgage lenders assist you can make the process much easier.
Step 4: Get Pre-approved
Before you start looking for a home, it’s important to know your purchasing power! You will want to understand the details of your pre-approval so you can make informed decisions when making an offer on a home.
Step 5: Gather Your Paperwork
As you can imagine, lenders love paperwork! The sooner your Loan Officer reviews your income and asset statements, the smoother the loan will be.
Step 6: Choose Your Right Real Estate Agent
Real estate agents are important partners when you’re buying or selling a home. Realtors can provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public.
Step 7: Shop and Make an Offer
Start touring homes in your price range. It might be helpful to take notes on all the homes you visit. Learn what appeals to you and what you can live without. This will help shape a quality offer and increase your chances of an accepted contract.
To learn more about the home buying process, contact us now!