First Time Home Buyer? 3 Things You'll Need To Do In Order To Get Your Dream Home This Spring
Spring and summer are two of the busiest times in the housing market. It is when the most houses go up for sale, and when the greatest amount of buyers are out looking for a home. If you want to get a home as a first time home buyer in this type of market, there are a few things that you need to do before you start looking at homes.
Find a Lender to Work With
The first thing you need to do is find a lender to work with. When you find a home that you are interested in, you are going to need to put in an offer quickly. In order to put in an offer, you are going to need to have a relationship with a lender and be pre-approved for a mortgage already.
You can shop around and find a lender whose style and assistances fits your particular needs. Just make sure that you have a loan officer and lender to work with before you start looking at homes.
Find a Real Estate Agent
Next, you need to find a real estate agent to work with. There are lots of real estate agents out there, so find one who you personally get along with well. Find a real estate agent who is knowledgeable about the area where you want to purchase a home, and who has flexible availability. You want a first time home buyer specialist who will be proactive and help you find homes.
In a fast-moving market, you need an agent who can move fast with you. You want an agent you will get you listings as soon as they go live, who will be willing to meet you any day of the week to go look at a home, and who will be able to draw up offer papers quickly when you find a home that you want to move on.
Know Exactly What You Want
Finally, you need to know exactly what you want out of a home, so when you find the right home, you don't hesitate. Taking an extra day to think over if you should put in an offer or what your counter offer should be can the difference between getting the home you really want and losing out on the home.
Have a list of the features that your ideal home must have, and a list of features you are willing to compromise. Have a hard and fast number that you will not go above for a home loan.
Knowing exactly what you want, having an aggressive and informed real estate agent, and working with a great mortgage agent and lender are the three things you need as a first time home buyer if you want to purchase a home in the fast-moving spring and summer marketplace.
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