Three Tips For Real Estate Buyers To Make The Process Easier

Real Estate Blog

Buying a home is a big milestone in life, and you are likely very excited about the path ahead. But real estate transactions can also sometimes be complex, so it's important that you do your homework before going to view your first house. To that end, here are a few things you can do to ensure your house-buying process goes as smoothly as possible.

How Much Can You Afford?

Nobody likes spreadsheets, but this is one scenario where it's a good idea to break one out and crunch some numbers. The first thing you'll want to do is figure out what price range you can truly afford. When calculating this number, you have to go beyond the monthly mortgage payment. How much is the insurance going to cost? What will your monthly utility bills be? How much and how often do you have to pay taxes to the government? Figure out all of these things before you go looking at your first house and you'll have much greater peace of mind about the upcoming process.

Arrive at Your First House Preapproved

Once you know the financial range you'll be looking at, you can begin the process of getting approved for a mortgage. Yes, it is possible to get preapproved for a mortgage before you walk onto your first property. When you arrive at the bank or mortgage company, come prepared. Bring your latest financial statements including your bank account, your latest pay stub, and an overview of your expenses. Being able to tell the seller or the seller's agent that you are preapproved for the mortgage can speed the buying process along and may make them more willing to pick you over a competing bid if the other potential buyer is not preapproved.

Get a Seasoned Real Estate Agent for Your Specific Area

Before you walk onto your first lot, make sure you will be escorted by someone familiar with the area. You'll want a real estate agent who can give you details not just about the house but also about the specific neighborhoods you are interested in. This might help you get additional information on things like the local school system or the overall vibe of the community. Of course, having a seasoned pro on your side will also help at the negotiating table when it's time to make your bid.

The home-buying process can be a bit overwhelming, but it's doable if you do some legwork in advance. Contact a real estate service today to get started


15 May 2019

Improving Your Real Estate Holdings

About a year ago, I realized that there were some serious issues with our home. I could tell that we needed to do something to upgrade our residence, so we started looking for a different property. I was able to find a really nice real estate agent who could help, and they worked hard to pair us with the perfect home for our budget and lifestyle. Now I can honestly say that I love my home, and I couldn't have chosen a better one on my own. Check out this blog for great information on improving real estate holdings and finding a better home.