Anna Child Group
Buying Your Home
By Anna Child
Buyers can prepare to buy a house by first, getting their finances in order. Make sure you are up to date on your income tax as well as any property tax you may have had or currently have. Check your credit to make sure it’s accurate. If anything shows that shouldn’t, take steps to clear it up. You can do this by contacting the company that appears on the report.
Look for a lender if you need a loan. Compare what they offer and the fees you will be charged. Be sure to ask questions! Please double-check your budget! Don’t just see how much you can get a loan for. Make sure you will be comfortable paying that mortgage amount each month. You don’t wan to be house poor where you have a great house but no money to do anything else with. One great way to do this is by putting the monetary difference from what you pay now for rent or mortgage and the new payment amount in your savings each month to see how difficult it is. You will also be saving up more money to use for your move!
Make lists of your must haves in a home and a wish list! When you start looking at homes, don’t be surprised that you will be making changes to your list.
Meet with a few Realtors, if you don’t already have one. Make sure that they communicate well with you. Communication is a big part of having a good home buying experience. Getting a referral to a Realtor from a trusted friend or family member is always a good start. Make sure you feel the Realtor is honest. House shopping time!
You found your home now what? You sit down with your Realtor and write an offer. If your offer is accepted you will open escrow. Escrow for a normal transaction is usually about 30 days. Now it’s time to make that house a home.