Although this is a good time for buying a home, there are a few things potential home-buyers should consider.
First, get your credit in order. Check your credit file for mistakes. If you find mistakes contact the creditor and dispute your findings. You can get one free report from all three agencies annually (no credit card needed). Just go to www.annualcreditreport.com.
Secondly, get your money in order. Saving is a must! Plan on putting a down payment on your new home. Develop a savings plan. Banks usually offer a variety of savings plans, talk to your banking specialist to decide which plan is right for you.
Finally get pre-qualified for a home loan. When making an offer on a home, being pre- qualified lets a seller know that you are serious about purchasing a home. When sellers are faced with multiple offers, having a down payment and being pre-qualified will no doubt make you stand out from the rest.
Best of luck to you.
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