Buying a home is an exciting and often difficult endeavor, and is one of the biggest financial decisions a person makes. If you are in the market for a home and feel overwhelmed, don't worry. We know the home buying process can be stressful, so we’ve compiled the following list of useful facts and tips about home buying.
Get your finances straight. Be sure you can afford to pay for a new home. Order a credit report to see how good your credit is, and check all financial statements for accuracy. No one should have to deal with credit requests being denied because of inaccurate or misunderstood finances.
Get preapproved for a loan. Talk with your bank and other lending agencies in your area to find the best and most reliable lending service. Determine how much you can afford for a down payment and get preapproved for the remaining amount. Being preapproved shows the seller you’re serious and strengthens your hand during negotiations.
Consider mortgage options. Research which lending agencies offer the best deals, budget how much you can afford to pay each month, and find out how much mortgage you qualify for with each lender. Home buyers should also look into federal housing loans as another possibility.
Consider your options. Even if you fall in love with the first home you see, take a look at others. You may simply swoon over a certain style or the idea of a new property. Consider space requirements, building materials, number of stories, size of the yard, and other essentials, and evaluate your options based on those features.
Think about the neighborhood. Do some research on the area around your chosen home. Does it have high quality schools nearby? What is the crime rate like? Does your new neighborhood offer optional benefits, like a country club or pool membership? Take into account the demographics and relevant social data before closing the deal on your new home. Here at Coldwell Banker Fountain we can help you with your search for homes for sale in Jacksonville, NC!
Make an offer and negotiate. When you find the home you want, make an offer. Be prepared to negotiate with the seller, and fight for the best price you can get.
Inspect the home. Do not close on the home or make final decisions before having it inspected by a professional. Even if you trust the sellers, there may be problems they overlooked.
At Coldwell Banker Fountain, we want to help you make the most informed buying decisions and find your dream home as soon as possible. Contact us today to find out how we can help you prepare for and find the perfect property. We can help you find the most perfect homes for sale in Jacksonville, NC!
Please watch the video below to help understand what working with a Real Estate Agent is all about!