You’ve decided it is time to buy a house. It could be your first house, you could be downsizing, whatever. The important thing to remember is you have to get ready! You do not want to wait until you have found the house of your dreams and then scramble to get everything done. Your buyer agent can do most of the work for you, but some stuff is up to you.
The first order of business is to get all your financial papers in order, or at least find them. Tax returns for the past few years, current paystubs , investments, etc. When you have all you can lay your hands on, get in touch with a mortgage person. (If you are paying all cash, great. Make sure it is available at a moments’ notice.) You can talk to your local credit union, bank, or get names from your agent. I do recommend you deal with someone local. Those internet loans have a habit of causing hassles at the most inopportune times! Plus, a local representative will usually attend the closing, which can be a lifesaver if something goes wrong. The mortgage rep will go over your loan options and make sure you are ready financially. Big difference.
You want to have your earnest money ready so you can attach the check to the offer. A rough estimate is about 1-2% of the offer price.
Get started with the insurance company you want to use. Do NOT wait until the last minute to call an insurance agent! Your agent can also give you the names of reliable inspectors for the various inspections you will want done.
There are a bunch of other things to do, but the main two are mortgage and insurance. If you are ready to buy, give me a call at 919-417-9753 and I will make you home purchase as hassle-free as possible.
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