I know that when buying your first home your going to feel some anxiety. Being the fact that's only the most important purchase that your going to make for your future. I think that being well informed is a good remedy for anyone who could be feeling this way. I wanted to give a couple of inside tips for clients to look at to help better prepare you for your journey. Which is what it may seem like if there is no one at your side during this process.
Tip #1:
- Know what you want- What do I mean? It is hard for you to know what price house you want, right? No! You just take the payment that you can handle and multiply by 100. Example: $900/month payment X 100 is a $90,000 house no calculators and no one pressuring you to buy more of a house. Just be sure that you don't go over what is within your means. Remember that you have to qualify for the price and the house needs to pass the lenders appraisal, your not done by any means, it is just a tip.
Tip #2:
- To ensure a smooth transaction make sure that you have your financing in order before you start looking at homes. Why? Too many times people start looking at houses and want to make offers and one of two things happen. One, they are asked for a loan approval and don't have it and have to take time to go and get approved and come back and no home they just missed that house that they spent time going to see. Two, Realtors, Owners, Builders (Everyone) want to save time. You wouldn't go to the store and fill your basket full of food go to the register without knowing how much money you have in the bank before you start buying items, right? Same concept.
Tip #3
- Seek help- If you don't know much about homes or financing ask for help. Too many times I see people after they have purchased there home and they want out but there is nothing that can be done (Refinancing). So make sure that the right people are helping you. Some times we look for the easy fix and many times its not the best choice that we have. A good way to know if the right people are helping you is if "you are asking other people about what these professionals should have covered with you then you might be working with the wrong people".
I hope that you have found this information to be helpful, God Bless.
Inspired by too many mis-informed clients.
Se Habla Espanol!!!!!
Written by:
Frank Marta
Branch Manager
Gold Quest Group
Ph:282-250-1561
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