Preparing For Your New Home In Today’s Competitive Market
Preparing for your new home in today’s competitive market can be very overwhelming. Especially if you are looking for a home in the 100k to 200k price range.
Here are a couple of steps to help you get prepared for a competitive offer on your next home in Bell County’s competitive market:
1.) Get your finances in order
2.) Be ready to put down a competitive earnest money deposit.
3.) Get prequalified. Pick a lender of your choice and start a relationship. Get a pre-qualification letter. You will need this before you start looking at homes, so you and your agent know your price range.
4.) Pick an agent, start a relationship with them and give them as much information as you can about the type of home you are looking for. Let your agent know what times you are available for showing. In this market, once property hits the market you need to be ready to roll over to the home and view it ASAP.
5.) Start gathering your records for the mortgage company. At the very least your loan officer will need paystub’s, W2’s, 1099’s, and etc…from the last two years. However, be ready to dig for any information they request and get it over to them in a timely manner.
The above five tips will just help you get started! Of course, any good agent will walk you through the process step by step. Be sure to ask questions if you don’t understand something. Buying a home is an exciting time. Probably the most important investment you will make in your life. It can be stressful as well. Being prepared will elevate a lot of stress. Rely on your real estate agent to guide you and to help you make the best decisions possible.
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