Thinking about buying a house: Where do I start?
Like most people, you have probably been searching for homes on the Internet, going to open houses, and gathering information on styles and features that you want in your new house. Most future homebuyers start this process 1-3 years before they are ready to buy a house. One of the biggest factors that determine when you are ready to purchase a home is realizing that you can afford to buy a home.
While it’s true that home lending laws have tightened over the past eight years, most buyers are surprised that they may be able to obtain a home loan with as little as a 3.5% down payment. Most of my clients are astonished to learn that they could have purchased a home much sooner, if they had only been guided on the costs and options available. Whether you are a first time homebuyer or thinking about selling your home and purchasing a new home, it’s important to sit down with a trusted realtor to discuss your budget and home style needs. Your realtor can give you names of several lenders who can go over the best financing options available to you. It’s important to talk with a lender before you are ready to purchase a home. If there are any items on your credit report that need to be addressed, you don’t want to find that out the day you find your perfect home, and you are ready to make an offer. Having a loan pre-approval before you start looking at homes will make for a much easier home buying process, and may ultimately allow you to make a move sooner rather than later.
Please contact me to schedule a 30-60 minute consultation that will leave you well prepared on the home buying process which spans from the home search, offer, accepted contract, home inspections, final loan approval and closing on your dream home.