When it comes to real estate the busiest buying season of the year for residential real estate is the spring. The long northern winters make buyers and sellers alike ready to take advantage of the nicer weather and jump into the real estate market. No matter whether you are a first time home buyer or you have been in the market awhile there are some essential home buying tips to follow in order to ensure you find the home of your dreams.
Tip #1 For Buying A Home: Enlist the Assistance of a Professional Real Estate Agent
When it comes to buying a home it is important that you enlist the help pf a professional real estate agent. It is important to find an agent that is local to the area that make the challenge of narrowing down your search for the perfect home a whole lot easier. Real estate professionals have the inside scoop on homes in their market this is incredibly crucial when looking for a home during the spring when the market is active and full of buyers.
Tip #2 For Buying A Home: Make a List of That Includes Your Needs and Wants
Understand what you need and want in a home. A home isn’t only about the actual house it is a total package the neighborhood, the property and more. Some needs may be a certain number of bedrooms and bathrooms, a garage and a fenced in yard. Wants are things that aren’t needed but desired such as a gourmet kitchen, a weight room or an in-ground swimming pool.
Tip #3 For Buying A Home: Get Pre-Qualified For a Mortgage
Sellers are more apt to approve an offer from buyers who are already pre-approved. It is also an important measure in the hunt for the perfect home. A mistake that buyers often make is over estimating just how much they can afford. Meet with a mortgage broker as soon as you start thinking about purchasing a home. Mortgage brokers will give you several mortgage options for your financial situation which will allow you to know the price range of homes that you should be looking at.
Tip #4 For Buying A Home: Keep Your Numbers Top of Mind
Don’t assume that the mortgage payment is the only payment that will increase when you purchase a home. You will not only need to know the monthly payments it will be important to know the cost of PMI, primary mortgage insurance, the tax expense, water and sewer bills, extra utility costs and more.
Tip #5 For Buying A Home: Prepare Documentation Ahead of Time
In order to ensure the entire process of finding a home and financing that home is smooth buyers should prepare for the onslaught of paperwork. Begin the process by compiling needed documents into a single location. You will want copies of government issued identification, tax returns, pay stub information, bank statements, investment documentation and anything that stats your income and debt.
These five tips can make the home buying process a whole lot simpler. No matter if you are a first time home buyer or have been a part of the real estate market for a number of years these tips can help make sure you get the home of your dreams.
Cross Country Mortgage in Brighton, Michigan provide mortgage services for clients including new home loans, refinancing, reversed mortgages, new purchase home mortgages and home equity loans to the entire Livingston County area including Brighton, Howell and Livingston County. Cross Country Mortgage Brighton, MI at http://brightoncrosscountry.com/.