Making the decision to buy a home is usually a very happy time in anyone’s life. To ensure your dream doesn’t turn into a nightmare, here are a few tips to keep in mind…
~Check your Credit Report(s)
The very first thing you should do is check your Credit Report. Make sure that everything listed on your Credit Report is accurate and up to date. If you find any discrepancies, it could take upwards of six months to straighten them out. The sooner you check your Credit Report, the better.
Meet with a Lender before you start your home search. You’ll go over your credit, income, debts and other finances to determine what type of mortgage you qualify for and how much of a mortgage will be available to you. Your Lender will then furnish you with a letter stating that you are pre-approved, with the dollar amount. This letter is a very powerful tool to have when you find a home.
~Understand what you want in a home
Make a list of what are absolute needs/wants in a home for you. Also, make a list of what are absolute deal breakers. Knowing, understanding and recognizing these will save you a lot of time when you begin your search.
~Choose a REALTOR®
Working with a professional who understands financing, inspections, current market conditions, negotiating and everything else associated with buying a home, is a must! Meet with and interview multiple REALTORS® , be sure you find one you get along with and trust.
Buying a home is a process. The more prepared you are at the beginning of this process, the less stress and more enjoyable it will be for you. If you would like more information on steps you should take before you purchase a home or is you are ready to start looking, email me An@orlandovacationrealty.com or give me a call at 1(407)800-0888.