Buying a Home

Preparing to Buy

Choosing your Agent

House Hunting

Escrow, Inspections, & Appraisals

Time to Move

Preparing to Buy -

Congratulations - you have decided that you want to buy a home! As this is often the most expensive purchase in a person's life, it's important to prepare yourself and your finances, in order to help guarantee the best outcome. Here are some suggestions that will improve your home buying experience.

 

  • Obtain a copy of your credit report before getting pre-approved for a home loan. Clearing up any mistakes or negative aspects can make a difference in the amount you're approved for and the  interest rate of the loan.

  • Get PRE-APPROVED. There is often confusion when the terms "pre-approved" or "pre-qualified" are used but there is a major difference. Being pre-qualified is a basic statement by a lender that states based on the information you provided (not verified), you would be considered for a loan. To be pre-approved, is an actual offer by a lending company that based on your personal verified information (credit score, income, employment, bank information, tax returns, etc) they would be willing to loan or extend you a specified loan or line of credit.

  • When purchasing a home or entering into any contact, it's vital the participants have a clear understanding of what their goals are. Translation - make sure you and anyone else involved in the transaction, discuss in detail what you're each looking for in a home. What kind of location, style, size, layout, acreage, price, and function will be at the top of your list. How important are these demands and what are you willing to compromise on. If you have a specific idea of what kind of home will fit your current/future needs - you can focus on ensuring that the homes you are competing for are in your best interest.

Chris Crow

 

REALTOR® / DRE #02071672

909.954.6259

909.253.1938

HFH Text Logo Black and White_edited.jpg
RE-GROUP_120DPI.jpg