5 Steps for Getting Ready to Buy
5 Steps for Getting Ready to Buy
Step 1.
Find a Local Lender You Can Talk To in Person
Local lenders understand your market and know of loan programs that might be
beneficial to you. Check with your lender on any local programs that might help
with closing costs or in other ways. Even though the media have pronounced the
100-percent-financing option dead, this is not always the case. Check it out
for yourself and then get preapproved for a loan so you know how much house
you're able to buy.
Step 2.
Be Specific in the Area You Want To Live
Educate yourself. Familiarize yourself with the neighborhoods you're interested
in, the taxes and school districts. This not only helps you narrow down your
search when you need to move fast, but also helps you figure out potential
mortgage payments. Search for homes in your desired neighborhoods.
Step 3.
Find an Agent Specializing in the Area You Want to Live
This will
save you time and effort. Once you've identified an agent, trust him or her to
do the job. Agents who are thriving in this challenging market have proven
their worth. They have the resources and skills to help you find your next
home.
Step 4.
Don't Shy Away From Houses That Need Some Work
Just because a house needs some paint or cosmetic fixes doesn't mean it's not a
good buy. Most real estate agents have an address book full of trusted
businesses they work with to help you fix up your new home.
Step 5.
Be Prepared To Act
Sometimes the first home you see is the right one for you. Don't discount it.
Remember, good deals still go fast. Take advantage of the electronic tools your
real estate agent has to offer. In many instances, real estate agents have
access to better information than what you can find in a standard Internet
search.
© 2010 RE/MAX, LLC.
Source: http://public.remax.net/public-news/Pages/5BuyerTips.aspx