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For Buyers

Buying a Home v.s Renting

Tips on Preparing to House Hunt.

Take some time to think about your wish list and write it down. Be sure to include your spouse, children, parents etc. You want to make sure everyone is on the same page before the house hunting journey begins.

Remember to research any and all things that are important to you prior to house hunting. School zones, neighborhoods, etc.

Don’t wait until the last minute! Don’t overwhelm yourself with trying to look at 12 properties in one day. You want to take your time viewing each property. Too many properties in one day will all run together.

Stay within your price range and consider added expenses such as taxes, home owner’s association fees, maintenance etc.

Is It Better To Rent Or To Buy?

Interest rates are slowly climbing. The cost of borrowing money right now makes home ownership cheaper than renting in many cases. What do you think happens if everyone continues to rent because they are afraid to buy??? Rents continue to skyrocket. Investors know this, that’s why they are buying everything they can now, so they can rent it to you at an inflated rate later. 

Not Ready to Purchaser Right Now, no worries! If you are planning to purchase next year and want to clean up your credit, I can help. You can have a free copy of your credit report mailed directly to your address. Take a look and make sure everything listed is correct.
Contact me for more information on credit repair. I am not a credit repair specialist; however, I can connect you to one.

Locate your last 2 or 3 years of tax returns. Mortgage companies will need a copy for your loan.

And most importantly, SAVE YOUR MONEY!!! Purchasing a home comes with expenses such as home inspections, termite inspections, etc. You may also have a down payment or closing cost. Meet with your lender today to see if you are pre-approved. If not, no stress. They can help you prepare now to buy later.

How to prepare now to buy later

1. Know your neighborhoods. Use the website to learn more about schools, restaurants, public transportation, and walkability in neighborhoods where you’re searching.
2. Get your finances in order. If your credit is not great, work at paying down your debt. If you’d like to meet with a financial advisor to talk over your situation, I can recommend one to you! 
3. Stay organized. Make sure you have all the documentation you will need for the loan process. Use the “Saved Homes” feature to keep all the homes you like in one spot.
I hope those tips help you. Let me know if there are any questions I can answer for you, or if you’re ready to go see a home or two!

Forget what you think about down payments...

How much money have you been assuming you’ll need to put down to buy a home?
20% of the home’s cost? 15%? 10%?
Turns out, for first time buyers, the typical down payment isn’t quite so big. Over the past few years, the National Association of Realtors has found that the median down payment is just 6 percent and there are mortgage options available that only require a 3.5% down payment.
Your down payment doesn’t have to be daunting. Let’s chat about your options when you’re free!
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