Buying a home is a very exciting time where the realization of a dream comes true. It can be one of the best ways to build wealth, invest in your future and live a more enjoyable life. It is typically one of the largest purchases you will make in your lifetime so below are a few things to consider as you prepare.
Saving for a down payment and reviewing your personal budget are important first steps . Once you have established this it is time to contact a mortgage agent.
If you are planning on getting a mortgage, getting in touch with a mortgage agent can help you see exactly how much you will qualify for. Based on your financials and credit history, a mortgage agent will provide you with a letter stating your qualifying amount. This letter is an important piece to include with your offer as it proves your financial credibility.
If you do not have already have an attorney, now is a good time to research a few. Let them know you are in the market to purchase a home and decide who you will feel comfortable working with and what they charge so you will be ready to go once your offer is accepted.
You may have already started your search online and you may have even ventured out to a few open houses. I will help you focus your search and find properties more efficiently by setting up a real-time search for you.
Offer, Purchase & Sales Agreement, Closing:
It is important in this market to be as prepared as possible in order to present a strong offer quickly. Depending on the terms you agreed upon, the following weeks will include a home inspection, review of condo documents, signing the purchase and sale, submitting your down payment, finalizing your mortgage – and finally the closing!
The above are just highlights of the major steps, but I am happy to answer any specific questions you may have. I understand this may be a new process to you and it is my goal is to help you feel comfortable and to make your home buying transaction as stress free as possible.
Interested in Buying a Home?
Buying can be a challenging prospect, especially in a market like ours. Let me help you leverage my negotiation skills, my years of experience and network of colleagues and affiliates to help you secure the perfect home for you and your family, at the best possible price.