Begin by contacting the experts. Your real estate agent will provide you with all of the information about your local real estate market, and will be valuable in guiding you through the lending process.
Even though you may have allotted a specific amount of money for a down payment, you must also consider additional upfront costs incurred when purchasing a home. These include charges such as inspection and closing costs. A qualified lender will work closely with you in determining the many programs and loans that will be applicable to your particular financial situation. Be smart and practical about your finances.
Once you have concluded where you stand financially, it is time to determine your preferences.
Your agent’s website should become your number 1 go-to resource. E-mail alerts can be set up to notify you of new listings. In addition, their site will allow you to view multiple photos of homes, view school and neighborhood information, and even supply you with newsletters containing real estate articles and weekend events. Working with your agent, you can search for homes that meet your criteria, and information about specific neighborhoods, community life, and the convenience to shopping, hospitals, and transit.
At this juncture, you should also be confident of the price you are willing and able to pay. Before embarking on viewing any homes, be sure to have a clear idea and understanding of what your wants and needs are. Be aggressive in obtaining both, yet practical in focusing on homes that meet the standards and measures that you must have.
Contact me today for help with making your dream of becoming a homeowner a successful New Year’s resolution. I will be happy to answer any questions you may have, and/or help you find your dream home.
The Long Group with RE/MAX Results
Photo courtesy of Christine Zenino/Flickr.com