LOOKING TO BUY A HOME?
Buying a home is one of the most exciting, nerve-racking, and biggest financial risks that most people wish to experience in their life.
Before you start searching
Things you should know
The complex process of buying a home is a lot easier when you have a knowledgeable real estate agent on your side. Most first-time home buyers have lots of questions, so we decided to try and answer some here to save you time later.
If you are wondering what price home you can afford, you’ll need to look, at roughly, 6 factors:
- Your income
- The amount of cash you have access to for a down payment, closing cost, and cash reserves required by your lender
- Do you have any outstanding debts?
- Your past credit history
- The type of mortgage you select (usually 15 or 30 years)
- Current interest rates (this may depend on the mortgage as well)
You will be represented by your buyer agent and your best interest throughout the whole process, from help finding the right property to making sure you get the best deal in price and value. It’s always better to have someone with experience and expertise on your side when buying a home
If you are wondering how you can negotiate a better price it is best to get to know the seller. Some sellers are more eager to sell than others. They may be moving for a job or getting a divorce and want to close quickly and would be willing to accept a lower offer. However, try to refrain from a low-ball offer, as this may sour the prospective sale and may discourage a seller from negotiating at all. To get a better idea of the home value look at other comparable homes in the area to see what they are selling for to see if the asking price is similar.
so you are ready to buy
WHERE TO START
Here are some practical tips to help you get started on searching for the home of your dreams.
Request Pre-approval
Before you begin to shop for property, enhance your buying power by getting Pre-Approved or Pre-Qualified. It’s probably the best advantage you can give yourself as a buyer. Learn the benefits of getting pre-approved early in your search.
SEARCH ONLINE PLATFORMS
More properties and more options are right at your fingertips. Use tools and websites to search for the perfect property for your needs. Search online now or setup easy convenient email notifications of properties that match your criteria.
