Secret #9: Keep Your Money Where It Is
Three to six months before buying a new home, it’s not wise to make any huge purchases or move your money. You don’t want to take any big chances with your credit profile. You want lenders to see you as reliable and you will need a paper trail to get the best loan possible.
Secret #8: Get Pre-Approved for Your Home Loan
There is a big difference between a buyer who has a pre-approved mortgage and a buyer being pre-qualified. Anyone can get pre-qualified, getting pre-approved means a lender looked at your financial information and let you know how much you can afford and how much they will lend you. Being pre-approved will save you a lot of time and energy and gives you the opportunity to shop around for the best deal.
Secret #7: Avoid a Border Dispute
Getting a survey done on your property so you know exactly what you’re buying is essential. This also will help to save yourself from future disputes with your neighbors. Property tax is likely based on how much property you have, so having an accurate map drawn up is best.
Secret #6: Don’t Try to Time the Market
Don’t get caught up trying to time the market to figure out when is the best time to buy. It is impossible to anticipate the housing market, the best time to buy is when you find your perfect house and you can afford it.
Secret #5: Bigger Isn’t Always Better
Even though everyone’s drawn to the biggest, most beautiful house on the block; bigger is usually not better. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to sell it in the future.
Secret #4: You’re Buying […]