If you are thinking about taking the next step in life and purchasing a home, chances are you are feeling the pressure and the anxiety that generally goes along with this difficult decision. Those who buy homes can become very anxious and should be eager to get any information they can about real estate.
To overcome this stress and to be as prepared as you can before you buy a home, it always helps to learn all that you can.
In addition to doing your homework, the very first thing you’ll need to do when buying a home is to find out just exactly how much you can qualify for and comfortably afford to borrow. You should also make it a point to check your credit and know where you stand. If you have any problems, you should strive to correct them before you attempt to borrow money for a home mortgage. Remember the higher your credit rating, the lower your interest rates will be.
It is always best to get pre approved by a mortgage lender, as this will enhance your bargaining position when you do find a home and are submitting an offer. So to summarize, once you have been pre approved for a mortgage and you know where you stand with your monthly payments, you can start shopping for property.
Secondly, Before you start looking, you should always make a list of everything you want your home to have, based on what you want and what you actually need. You should also make sure that you mark out any areas that you are willing to compromise so when you are faced with the decision of which properties to eliminate … your list of must haves and would like to haves will help you along the way.
When you meet with your agent, you will go over how much you are willing to spend, and what type of home you are looking for. You’re agent will know where ideal properties are, and can help you find the home that is best for you.
In addition to searching for homes on the Internet, your agent can supply you with a list of potential properties that meet your budget and your specific features. Once you have your list, I suggest you drive by the homes and check out both the home AND … the neighborhood.
You should consider the appearance and location of the home, safety, access to the freeway, schools nearby, commute time to work, local shopping, and even recreational activities. Remember … if you don’t find something that interests you the first time, don’t give up … you should keep looking until you find the home that is best for you.
For more information on getting tips on buying or selling real estate please visit www.SuperBroker.com or call 562-882-1581