Buying your first home can be overwhelming. If you prepare and follow the simple list below you will be well on your way to owning that home of your dreams...
Identify your current financial status. Review your monthly net income, and your current monthly obligations. It is important to factor in property tax, home owners insurance and maintence depending on your purchase.
Understanding what you can afford will put you in a better buying position.
Obtain a copy of your current credit report from one of the three main reporting agencies.
Even though you are currently doing well managing your monthly budget, an old item or incorrect item may appear on your credit report. This is something that may take some time to correct. You want to be prepared when you make that offer.
Get a Pre-Approval letter. Contact your local bank for their current rates and determine what they are willing to finance when it comes to a new home. Make sure that your current bank offers competitive rates.
Identify what you want in your new home. Remember that just because you can command a certain line of credit does not mean you have to spend the entire amount. Focus on obtaining a home that will meet your lifestyle. Consider the neighborhood, schools and location. Prioritize your wants and needs, you may not find everything you are looking for, but determine what you cannot live without.
Contact the Hassler Group. With our experience and knowledge of the business and community, we can help you find just what you are looking for.