South Windsor Homes For Sale - 3 Things South Windsor Buyers Must Do BEFORE Buying a First Home in South Windsor, by Jon Sigler, South Windsor Real Estate Expert
Buying a home in South Windsor for the first time can be very exciting. It can be very tempting to want to jump right into looking at homes, dreaming about your future and making offers. However, it's important that you cover your bases before you jump into the pool, so to speak. When you're buying your first South Windsor home, there are several steps you should take before making an offer.
Step One - Improve Your Credit Rating
If you're thinking about buying a house in South Windsor, now is the time to start working on your credit. There's very little you can do a few weeks before closing. However, if you get started six months before you make an offer, you can improve your credit more and possibly reduce your interest rate when it comes time to qualify for your loan.
Step Two - Finding a Great Real Estate Agent
Working with a real estate agent generally doesn't cost you a buyer anything, because the seller pays all the commissions.
Working with a real estate agent in South Windsor gives you a huge advantage in finding South Windsor homes for sale. You get access to years of real estate knowledge and experience. You have a trained negotiator to negotiate on your behalf. You have someone with a wide variety of contacts, from lawyers to property inspectors you can call on.
Step Three - Make Sure to Get Pre-Approval for a Loan
Not only should you get pre-approval, but you should also do your homework on how much of a home in South Windsor you can really afford. Although you might get approved for a loan it doesn't mean that you should spend that much on your first home.
It's important to figure out how much you can really afford and work from there. Once you have a pre-approval letter, sellers are much more likely to consider your offer seriously. Let's discuss what you can afford and what you feel comfortable spending each month on your home. You may learn that you can actually afford more than you thought because of things like the deduction of mortgage interest.
A buyer who's worked on his credit, is working with a great agent and has a pre-approval letter has a far better start on buying a house than a buyer who doesn't. Follow these three steps and you're well on your way to purchasing a great new home in South Windsor!
There is a lot of free information available to you about buying, selling or investing in South Windsor homes for sale. For complete information about the South Windsor real estate market including current homes for sale, property values and mortgage options available for you please call me on my cell at 860-306-8029 or email me using the "email me" link.
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