The best way to make sure you choose the right home is to properly prepare yourself. Please see below for some tips to help make the buying process as seamless as possible for you, and result in you being a happy homeowner!
Your home is likely to be one of the largest investments in your life. In order to make sure the transaction goes smoothly, it is vital that you choose the right agent to represent you and your interests. The right agent will be someone who has both experience and a personality that makes you feel at ease and comfortable.
Do you already know how much home you can afford? There is nothing more frustrating than starting your home search, finding the ideal home, and then discovering it is out of your price range. Speak with a lender to learn about the different financing options available to you. Once you find the right lender, formally apply for a loan with that person/company and obtain a pre-approval letter. This way, you will be ready to buy the moment you find your perfect home.
Avoid Major Purchases
In order to determine the amount of home you can afford, a lender will use your debt-to-income ratio and pin-point the percentage of your pre-tax income you spend on debt. Your debt ratio will include: monthly housing costs, car payments, credit cards, student loans, and any other installment debt. If you take on more debt prior to purchasing a home, this will impact the amount of loan a lender will finance for you.
Sign-Up for Property Alerts
In order to make an educated decision, it will be important to know what is available and how much properties are going for. You can browse all active listings from my website, which is directly linked to the Multiple Listing Service and updated every few minutes for complete accuracy! Once you have found some homes you like, save those searches, and sign-up for property watches above so that new listings will be e-mailed to you. The best homes are moving fast in today's market, so it will be helpful to make sure you are on top of the available inventory at all times, in order to not miss out.
Get a Home Inspection
The last thing you want to discover after you have bought a home is that you have purchased a "money pit", a home full of defects which will end up costing you all sorts of money over time. Save yourself from future concerns by bringing in a licensed general home inspector before you buy (our team can also provide you with recommendations on additional inspections to have performed to make sure you are 100% happy with your purchase). If any problems are found, the reports will help you make an informed decision on how to proceed, possibly even helping you negotiate a better purchase price to accommodate for any needed repairs.