Get Pre-approved Through a Qualified Lender
Getting pre-approved will you save yourself the grief of looking at houses you can't afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a review of your finances, pre-approval from a lender is based on your actual income, debt and credit history. If you are unsure of what to get a pre-approval from I have plenty of resources in which you can talk with to get an idea of what type of loan best fits your needs and which lender you may want to do business with.
Find out how much you'll likely pay in closing costs. The upfront cost of settling on your home shouldn't be overlooked. Closing costs include origination fees charged by the lender, title and settlement fees, taxes and prepaid items such as homeowners insurance or homeowners association fees. The Lender of your choice can provide an estimate of closing costs you can expect to pay at closing the purchase of your new home. Also find out what your total monthly housing costs will be based on the loan amount you have been pre-approved for. This will allow you to work out a budget and provide an idea of how much income will be left for living and entertainment expenses.
Find a Professional Realtor
Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones), are better off using a professional agent. Our Century 21 Bessette Realty Agents have your interests at heart and can help you with strategies during the bidding process.
Find Your Dream Home
After calculating the budget amount for the purchase of your new home, your Century 21 Bessette Realty Agent can provide you with up to date information on properties for sale. Through regular updates via email, phone, or personal visits, your agent will set up appointments for house showings and provide you with the information you need to determine whether the home is the right choice for you and your family.
Hire a Professional Home Inspector
While the outward appearance of the home you are interested in purchasing may be picture perfect, there could be underlying problems that may not be obvious when viewing it. A professional home inspector will provide a detailed report of the conditions of electrical, mechanical problems with heating and cooling units that could be overlooked if not properly tested. You should hire your own home inspector who has experience in performing home inspections in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.
Start Living Your Dream
After all inspections, appraisals, legal transfers, and loan documents have been executed you are ready to move into your new home. Your Century 21 Bessette Realty Agent will be with you every step of the way to help you through the purchasing process.