Real Estate, Then and Now

Get Pre-Approved for a Loan Prior To Starting a Home Search This is a frequent oversight made by first time home buyers. Before you can do anything, you must know how much house you can pay for right? just how much home is affordable will be determined by your credit, your earnings, your debts, and your down payment. A mortgage broker is likely to examine all your facts and provide you options on your approval. Mortgage brokers also have access to government and private first time home buyer programs that can assist you with down payment and/or settlement costs. Upon having your pre-approval, you can start hunting for homes in that budget range. Offers made to sellers will in all probability have to be accompanied with your pre-approval so be sure you have a copy. Be Ready and Plan to Move Swiftly Today’s market is a strong seller’s market. If your agent is hinting that you need to act now quickly, its not because he wants to hurry and make his commission. It’s because it couldn’t ...

First Time Home Buyer Tips The First time home buyer experience can be a pleasant one despite what you may have heard. Of course, this will all depend on how prepared you are in terms of knowledge in the subject matter. Buying a home is probably the biggest purchase you will ever make so it makes sense to educate yourself before diving in to it. Here are some tips that can help you. Be Ready and Expect to Act Quickly Today’s market is a strong seller’s market. If your agent is telling you that you need to act now quickly, its not because he wants to hurry and make his commission. It’s because it couldn’t be any truer. It is very common now for there to be bidding wars where the home sells for more than the original listing price. If you can get an offer in at a sweet spot, like before an open house weekend, then do it quickly with your offer expiring before the open house. This way, the seller needs to decide on your offer beforehand. If your offer is fair, the seller will usu...