Buyers who are planning the purchase of their first home continue to have a wealth of opportunities in today’s marketplace. Here are a few smart steps to save you time and money:
Start by shoring up your credit. Make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report and fix any problems you discover.
Speak to a Loan Specialist. Before you begin your home search, speak with a qualified Loan Officer to find out your purchasing power and obtain a Pre-Approval Letter.
Get professional help. Look for an experienced real estate professional who will have your interests at heart and can help you with strategies during the search and throughout the transaction process.
Hire a home inspector. Armed with a home inspection report, you’ll be able to move into your new home with confidence—or back out of the deal if the house has major unexpected problems.
Bonus tip: Be patient – buying a home is one of the largest purchases most people will make in their lifetime. The key to avoiding buyer’s remorse is to be completely comfortable before signing on the dotted line.