Secrets To Home Buying Success!
Posted by Admirals Cove Homes on Jan 31, 2014 in Home, Real Estate | 0 comments
It can be a very difficult and stressful experience to buy a home in a housing market where the amount of potential buyers looking for a home out weighs the inventory of homes for sale. However, there are many hints and tips that can help make the home buying process run smoother and stress free. So we have put together a list of very useful tips that are sure to make your home buying experience a success.
1.) Don’t Move Around Your Money: Experts say that it is not smart to move your money around or make any large purchases for around three to six months prior to trying to purchase a home. You should be positive that your credit is in good standing and not take any chances that could alter your credit profile.
2.) Get Pre Approved For Your Mortgage: You need to understand that there is a big difference in being pre approved and being pre qualified. Almost anyone can get pre qualified for a mortgage but being pre approved means that an actual lender has gone through your finances and has determined how much they will lend you.
3.) Don’t Try And Time The Market: Trying to predict the housing market is virtually impossible. Obsessing over when the best time to buy is a mistake and can have you ending up missing out on the perfect home. The best time for you to buy is when you find your dream home and you can afford.
4.) Bigger Might Not Be Better: Most homebuyers are drawn to the largest and most beautiful home in the neighborhood at first but typically never buy it. So when it comes to homes bigger is generally not better due to the fact that if or when you go to re-sell, you typically will have a limited pool of potential buyers interested.
5.) Hire The Right Agent: One of the most important things that you can do to ensure that your home buying experience is a success is to hire the right real estate agent. You need an agent with the knowledge and experience to guide you through this process stress free.