Now after you have an idea on the type of home you would like, you will need to get prequalified for a mortgage if you are planning to finance your purchase.  This will help you determine how much house you can afford.  Use an online affordability calculator to get a general idea.  Your lender will use your financial information to determine how much they’re willing to lend.  Later on, when you reach the pre-approval stage, you’ll be asked to submit paperwork, including bank statements and your W-2, to help your lender verify your finances and credit.

 

Before working with a mortgage lender make sure your credit is in great shape. To do so get a copy of your credit report and check your scores.   If you see any errors, be sure to get them taken care of before applying for a loan.

 

A common mistake new home buyers often make is purchasing big ticket items for their new place.  Large purchases should be avoided, though it can be very tempting wait to make these purchases until after the sale closes, especially if you plan on using your credit card or financing.

 

After financing is approved, you now will know how much home you can afford.  So now the fun starts, you can now begin your home search.  In addition to working with me you can also look online and drive through your desired neighborhoods to view homes on the market.  When you see the one you like, give me a call and we will schedule a showing.  Also to save time, refer to your must haves/deal breaker list from your homework to narrow down which homes to view in person.  

 

When you find a list of homes that you are interested in, there are a few things you can do when walking through the home.  Test the plumbing to check out the water pressure, turn the light switches on and off, open and close the doors and make note of areas for repair inside and outside of the home.

 

If this home is for you, you will know.  Does it fit your needs?  Will you have to undertake renovations to make it work for you?

 

Finally, take note of the neighborhood.  Are the homes well maintained?  Will there be heavy traffic, high demand for parking as well as are there amenities nearby.  All of these are very important to consider when buying a new home and I will be happy to assist you in the buying process. Call me today at (801) 628-1116.