Buying your first home can be a daunting process, especially if you are making mistakes right out of the gate. A recent discussion with Charleston SC based Premier One, gave us some insight that goes beyond real estate Charleston SC to give us advice to ensure that you get the right home in a timely manner, the following tips will give you everything that you need to help you along on this adventure.
1. Finding Your Dream House – Decide well in advance what a dream house is to you and do not waver. Don’t settle on a house because years from now you will regret that costly decision and be miserable in the house each day. Decide what size house in what neighborhood, and get out there and find that house. Don’t get discouraged if one you likes sells from under you, keep moving forward until you close on that house of your dreams.
2. Hiring a Local Realtor – make sure you begin working with a realtor right out of the gates. Your realtor will know exactly what type house you are looking for and be able to get a jump on the competition the day it is listed. By accessing their MLS listings, they can get instant notification a house you are interested in just hit the market so you are first in line when the house is being show to potential buyers.
3. Get Your Credit in Order – Do not wait until you find that dream house to start working on fixing your credit because the seller may be anxious to go and just choose any buyer who has everything already in order. The sooner you fix your credit, the better deal you will get from a lender, and that can translate to several thousand dollars in interest over the years in your home.
4. Lending Confirmation – Nothing appeals to a seller more than when a buyer walks in the door looking at their house and already has a qualification letter in hand. This letter tells the seller you are already approved for a loan and all that stands between them and the sale of the house is hashing out a selling price. Do yourself a favor and meet with your lender before you even call a realtor.
Now that you know all the tips for buying your first home you can get out there and make things happen. Houses go up for sale every day, so as long as you are prepared to buy, tomorrow could be the day that you go from looking to buying your first home.