Quick Tips For A Successful House Hunt
Carefully craft your wish list and try to stick to it. If you are shopping with your partner, discuss your must-haves and deal breakers together so you’ll be on the same page during your house hunt.
Begin searching the Internet for properties that match your criteria. Start with sites like Trulia.com, Realtor.com, Zillow.com, and Realestate.com to search for properties that fit your ideal purchase. At these sites, you can register for email alerts on properties that hit the market that match your specifications.
Location, Location, Location!!! Remember you are not only buying a house, but the neighborhood too. Is it safe? Are the schools rated highly? Do you have public transit needs? Talk to neighbors and ask questions. Spend time in the area to determine if it offers the lifestyle conveniences you’ll need.
Don’t see too many houses in one day. You may begin to feel overwhelmed and confused after touring several homes. Too many homes in a short period of time will run together in your mind and you won’t recall which kitchen or which master bedroom belonged to which house.
Stay within your price range and consider added expenses such as taxes, home owner’s association fees, maintenance etc.
Steps To Take To Prepare To Buy A Home Within A Year
If you are planning to purchase within the year then your priority right now should be to clean up your credit. Pull reports and see if there is anything that may make the buying process difficult. Any past dues? Any late payments? Judgements? Call the creditors and work out a deal. The key to getting a good mortgage rate is credit worthiness.
Make sure you have filed your taxes. Mortgage companies will need your last 2 and sometimes 3 years of tax returns, so pull that together.
Also, it may be worthwhile to sit with a mortgage professional NOW and try to get pre-approved. A lender will determine which type of financing will work best for your situation. This will allow you to know in advance what your purchasing power is. Being pre-approved makes your offer more competitive to sellers because it shows you're a committed buyer, financially capable of purchasing the property, and able to close if the offer is accepted. Also, if you can’t get pre-approved, at least you’ll know why, and you can begin the process of cleaning your profile up.
Commit to working with a knowledgable and personable buyer's agent who will look after your best interests, and get you the best deal for your situation.
SAVE SAVE SAVE!