Buying a home in Salem, Oregon 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 Salem, Oregon there are several steps you should take before making an offer.
Step One - Improve Your Credit Rating
If you're thinking about buying a house in Salem, Oregon, 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.
Working with a real estate agent in Salem, Oregon 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 do your homework on how much of a home in Salem, Oregon 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.
It's important to figure out how much you can really afford and work from there. Once you have a pre-approval letter, sellers are much more likely to consider your offer seriously.
A buyer who's worked on his credit, is working with a great agent and has a pre-approval letter has a far better start on buying a house than a buyer who doesn't. Follow these three steps and you're well on your way to purchasing a great new home in Salem, Oregon!
There is a lot of free information available to you about buying, selling or investing in Salem, Oregon real estate. For complete information about the Salem, Oregon real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salem, Oregon real estate at http://www.cbwillamettevalley.com . Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 503-930-8880 or email me at aprilmoore@cboregon.com It's my passion to help
you the buyer to find the home of your dreams... Never hesitate to call me today! 503-930-8880.
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