One of the most important parts of buying a home is to get pre-qualified for your loan. This not only helps you to discover how much you can safely spend on your home, it also helps your REALTOR to find homes in your budget. After getting pre-qualified it is important to get pre-approved for your loan. This involves actually applying for a loan and receiving a commitment letter from the lender, stating you are ready for your loan as soon as you find the home of your choice. This will carry a lot of weight when you make an offer on the home you have found to be the "one" for you.
Next you should make a list of things you really want in a home. Keep part of the list for " must haves" ie. number of bedrooms and baths, square footage, garage etc. Then make part of the list you would "like" to have, as a pool, formal den, fireplace, etc, but you can live without on this purchase. This also helps to keep your expectations of what you can afford in a reality check. And it helps your REALTOR in searching for the perfect home to fit your needs.
The most important part is to make sure you are represented by a Licensed Professional REALTOR. People that feel they can do it all on their own often end up disappointed in their purchase, and are sometimes surprised with unexpected problems with the purchase process and or the home. A REALTOR will represent you with expertise and experience in making the purchase complete stress free. A Professional REALTOR will also help set up inspections, help you with the escrow process, and even help you find a reputable lender to work with.
Buying a home is exciting, regardless if it is your first or 100th. With the help of a Licensed Professional REALTOR it can be a fun stress-free experience that will benefit you for the long run.
Robert P Bowman is a Licensed Professional REALTOR with Cornerstone Real Estate Professionals in Logan UT. He can be reached by e-mail loganrealtor@gmail.com or visit his website www.retireinlogan.com
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