- Get pre-approved. First of all, no seller is going to even take a look at an offer from you until they know that you have been pre-approved for a home loan. Plus, your mortgage lender will tell you what your price ceiling is. Nothings worse than falling in love with a home only to find out that you cannot afford it
- Hire a Realtor. Working with a local real estate expert is the key to finding all of those "good deals" out there. Your Realtor should conduct a needs analysis to help you determine what your needs & wants are of your dream home. Your Realtor should help you recognize those "good deals" as soon as they hit the market so that you don't miss out. As always, the best homes at the best prices go fast!
- Be prepared. When you purchase a home there are certain documents that you may need to provide for you loan officer. Find out in your pre-approval meeting what you will need to provide so that you can be sure the underwriting process goes as smooth as possible. Also, be sure you have set aside enough money for your earnest deposit, appraisal, inspections, down payment, closing costs, & moving expenses. Being prepared ahead of time can shorten the amount of time it takes for you to be able to close on the sale of your new home. Being able to close quickly can be a favorable negotiating tool.
One last thing to remember is to have a good time throughout the home buying process. Enjoy the experience. It is a major step is most people's lives & a great investment to boot. Yes, it may seem like an intimidating experience but with the right professionals in your corner, the purchase of your home can be very enjoyable!
At the Korn Team we provide all potential buyers with a no cost, no obligation buyer consultation. We'll explain how the process will go & what is expected of you. Contact us any time! 402.310.0409.
Jason Korn
The Korn Team
RE/MAX Real Estate Concepts
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