So you are ready to buy a home together. Now what? Here are a few simple pieces of advice that will get you on your way to successfully purchasing your first home together.
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Select an experienced real estate agent you feel confident in and comfortable enough to express questions and concerns. Your real estate agent should also be familiar with the area(s) you wish to live.
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Get your financing in order. If you are purchasing cash, make sure to communicate the budget you have established to your real estate agent. If you will be securing a loan make sure to get your loan application in process. In today’s market you must establish the ability to purchase a property at the time of offer. Meaning, for a cash purchase you need to provide proof of funds from the institution holding the funds OR for a financed purchase have a pre-qualification letter from a mortgage lender.
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Be prepared and committed to learn. The process of purchasing a home and getting a mortgage will probably expose you to a lot of terminology and procedures that are unfamiliar. Therefore having your team of professionals (real estate agent and loan officer) in place is essential. Your team will lead you through the process. And you will learn about each other and what is important to each of you in the purchase of a home.
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Do your research. Be sure to get to know the area you are planning on purchasing your home. Your real estate agent should definitely be able to provide a wealth of information in this area. However, your exact commute time to work, are the types of shopping and entertainment you enjoy available, whether the school systems measure up to your standards, these are items you will need to invest your time in to discover.
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Be ready to view properties. The real estate market is ever changing. Properties come on the market and properties go off the market every day. When your real estate agent has properties available for you to view go as soon as you possibly can. No one likes to hear “That property is already under contract”.
Most importantly, ENJOY THE PROCESS! You will never purchase your FIRST home together again. While the stakes are high when purchasing a home, the rewards are greater.
Visit my web site for insight on how I assist buyer’s purchase homes in the Atlanta metropolitan area at www.MetroATLRealEstate.com.
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