Farmington Valley Homes For Sale - 3 Things Farmington Valley Buyers Must Do BEFORE Buying their First Home in the Farmington Valley
Buying a home in the Farmington Valley 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 Farmington Valley home, there are several steps you should take before making an offer on Farington Valley Homes For Sale.
Step One - Improve Your Credit Rating
If you are considering buying a house in the Farmington Valley, 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 very likely improve your credit and reduce your interest rate when it comes time to qualify for a loan.
Step Two - Find a Good Real Estate Agent
Working with a real estate agent generally doesn't cost you anything, because the seller pays all the commissions when searching for Farmington Valley Homes For Sale.
Working with a real estate agent in the Farmington Valley gives you a huge advantage. 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 lenders to property inspectors you can call on.
Step Three - Get Pre-Approval for a Loan
Not only should you get pre-approval, but you should also figure out how much home in Farmington Valley you can really afford. Although you might get approved for a loan that's more than your means really are, that doesn't mean you should do it.
A buyer who's worked on his credit, is working with a great agent and has a pre-approval letter has a far letter start on buying a house than a buyer who doesn't. Follow these three steps and you're well on your way to purchasing one of the Farmington Valley Homes For Sale!