Pick a lender you can trust. Choose someone who will effectively communicate with you and your realtor. If you are not sure about which lender to work with, ask your realtor to help you out. More than likely, they have worked with several different lenders and know which ones are the best to work with. Otherwise, do your own research and look for online reviews.
Don’t do anything that could harm your credit. Hold off on buying any big purchases like new a couch or car.
Pick a price point that you are comfortable with. Just because you are approved for a certain amount, does not mean you should buy in that price range. Feel free to download my KW app and play with the mortgage calculator so you know what your monthly payment would be for different price points. http://app.kw.com/KW2BZK3XH
Make sure when you go house hunting, you bring those who have an impact on your decision. You can only get your earnest money check back if there is a solid reason for pulling out of a contract. Your parent’s disapproval is not one of them. Keep this in mind!
When house hunting, make sure to have your “resale” cap on. HINT: Area is key! Pick a nicer location with enough bedrooms and baths to house a family. Make sure to keep your house in great shape so when the time comes to sell, you won’t have too many issues to fix.
Ask your realtor for a CMA before submitting an offer. A CMA will show you what similar properties in the neighborhood/area are selling for so you know if the house is priced right.
When your realtor and lender request something from you, make sure you send it to them as quickly as possible. There are several deadlines in a transaction and the faster you turn in documents needed by your loan officer and realtor, the faster you will close.
Don’t get married to the closing date, and always have a back-up plan. A lot of things have to happen before everyone hits the closing table. Sometimes the closing, or possession date, has to be pushed back. Make sure you have somewhere to stay and store your belongings for a few nights as backup.
Remain calm. If an issue arises, keep calm and let the agent do the hard part. 99.9% of the time there will be a hurdle to cross in the buying process. Expect the unexpected.
If you have a good agent, they should be helping you before, during, and after the transaction takes place. They are not only responsible for finding a house and negotiating a fair price, but they are responsible to represent you, answer questions you may have about the process, and help you acclimate to the area.
Best of Luck,
Chelsey with Scott Smith Realty Group :)
Author:Jacqueline Smith Phone: 317-550-5376 Dated: June 20th 2016 Views: 1,424 About Jacqueline: ...
Why choose the Scott Smith Realty Group at Keller Williams? We take a different approach to real estate; one built upon personal touch, a win-win philosophy and positive results. The real difference is that we offer leading edge technology combined with experience and integrity. Our team is comprised of dedicated professionals specializing in each phase of real estate. In addition, our extensive knowledge of the Indianapolis Metro Area allows our team to serve you the best. Just choose an area, and let us start working for you!