How to Prepare to Buy a Home

Many people are gaining interest in buying a new home as the summer heats up!  The Inventory continues to be full of great deals!  BUT where do you start?

Take the Time to Map Out How to Get to Your Destination!

1.  Start by learning about the $8000 Tax Credit and how it can help you.  There is a ton of information on the internet and here on my blog that can assist.

2.  Find a reputable lender.  I probably should take one step back here.  If you find a GREAT Realtor first, they should be able to assist with the rest.  Typically, Buyers only begin to work with Realtors at the point, that they are ready to start touring houses.  An experienced Realtor can make this process alot easier.  Often the best place to find a great Realtor is through word of mouth.  If several of your friends have had great experiences with a certain Realtor, you are likely to as well.  Use the Same techniques to find a great lender.

3.  Use the Lender to get a PRE APPROVAL, not prequalified.  Turn in your paperwork upfront and have a PRE APPROVAL on paper from the lender telling what you can afford.  This gets all of the surprises out of the way upfront.  A great lender can help you look at any problems on your credit report and correct them.  They can also advise you on cash that will be necessary to close on your new home.

Now your ready to look at those new homes!