Tips for Home Buyers
Buying a home is most likely the biggest financial commitment you’ll ever make. It’s not just a dollars-and-cents investment; it’s an investment in your life. It will crate a sense of stability and identity for you and your family. Regardless of how times change, owning a home remains the cornerstone of the American dream.
Below are some tips that will help you find the home of your dreams and ensure your transaction progresses smoothly. Remember, if you have any questions the Tami Fuller Team is always just a phone call or email away.
· Get help. To ensure that you transaction goes smoothly, it is of vital importance that you choose the right agent to represent your interests. The right agent will be someone whose experience and personality makes you feel comfortable. You should try to find an agent that is familiar with and knowledgeable of the area in which you want to live.
· Get pre-approved. Do you already know how much home you can afford? There is nothing more frustrating than looking for a home, finding the perfect home, and then discovering that is out of your price range. Speak with a lender to learn about the various financing options available to you when you find the right lender, get the paperwork processed so that you will be ready to buy when you find the right home.
· Avoid major purchases. In order to determine the amount of home you can afford a lender uses your debt-to-income ratio. This ratio is the percentage of your pre-tax income that you spend on debt. You debt ratio will include: monthly housing cost, car payment, credit cards, student loans, and any other installment debt. If you take on more debt right before buying a home it is going to have an impact on the amount of the loan the lender will finance.
· Sign up for “Property Watch.” You can browse all active listing from this website, save the homes you like and sign up for “Property Watch” so that new listings will be automatically emailed to you. Te best homes move fast so you need to make sure that you are on top for the available inventory at all times so you don’t miss out.
· Get inspected. Save yourself a lot of time in future litigation and renovation by bringing in a license home inspector before you buy. If any problems are found will steer you way from a bad decision or help you negotiate a better price
