Buying a home can be a headache. Even when you’re working with a team of agents, things can go awry before you even have time to react! Thankfully there are things you can do to make sure your buying process is as smooth and effortless as possible.
Setting a budget, and a realistic one at that, is a good way to get off on the right foot. Determine how much you can afford or are willing to spend, accounting for factors like your credit score, debts and yearly income. Thankfully, your mortgage broker should do this for you, leaving you to use this information to set a proper price range for your agent to work with. This should narrow down the selection and allow you to make a choice in your price range.
Getting pre-approved with the assistance of your banker can be invaluable when you’re putting an offer on a house. Knowing how much a lender will allow you to borrow places you in a position of power when making offers, and lets the seller know you’re serious about buying.
Requesting copies of your credit report is essential for any prospective home buyer. Checking for errors or possible instances of identity theft and correcting them should they arise can prevent major money problems down the road and will aid in painting an accurate picture for lenders to look at when considering you for a loan.
Finally, communication is key. Keeping an open line of communication with your banker, mortgage broker and real estate agent is invaluable. Respond to any requests for documents as soon as possible to cut down on processing times. When everyone is up to date with your situation it makes for an easier time finding the right piece of Stephenville real estate for you.
Remember, Hayden Real Estate is here to help you find the perfect Erath County home for your family. We’re waiting for your call!