Buying a home is an exciting time in one's life. Making the smart move of choosing a REALTOR® is your first step to ensuring that your new home and community meets your needs. Before you start looking, take a look at these suggestions to help your journey go as smoothly as possible.
• Check your credit rating. Straighten out any errors that could hinder your ability to obtain a loan.
• Determine a comfortable budget for your purchase, including down payment and monthly budget.
• Speak with a couple of different lenders and find a program the meets your needs and get pre-qualified or pre-approved (preferred).
• Choose a Realtor® that you trust and who understands your needs.
• Determine what neighborhood that best matches your needs – i.e. school district, amenities (if available), city access, etc.
• Identify important features you need in your new home for you and your family.
Closing costs to expect:
• Lender fees – These include charges for loan processing, underwriting, preparation and establishing an escrow account.
• Third-party fees – These include charges for insurance, title search, and other inspections such as termites and home inspections.
• Government fees – Include deed recording and state & local mortgage taxes.
• Escrow and interest fees – These include homeowner’s insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.
These suggestions should help you get started on the right foot in your home buying experience. We are here to answer any questions we can, and lead you in the right direction in finding the home that best suits you.