Spring Homebuying Season Tips
Getting ready to buy a home can be stressful and complicated. With so many details and decisions to make, it's no wonder why potential buyers often feel overwhelmed. This spring season, don’t let the high demand of the residential real estate market cause you stress or prevent you from landing your dream home.
Here are five tips to help you navigate the buying process.
Tip #1: Get Pre-Qualified
It is essential to get pre-qualified before actually putting down an offer on a home—especially during busy times like springtime when homes tend to move faster than usual.
A mortgage professional can give you an idea of how much house you can afford before diving into negotiations with sellers. This will also provide sellers more confidence in your offer since they won't have to worry about financing falling through later down the line.
Tip #2: Know Your Numbers
Knowing your numbers is vital in the home buying process—not just in terms of budgeting but also understanding estimated monthly payments, private mortgage insurance payments (if applicable), taxes, etc..
A mortgage professional will be able to walk you through calculations so that you can figure out those numbers accurately and confidently going into negotiations with sellers.
Tip #3: Prioritize Your Needs
Before you start shopping, it’s important to know what your priorities are in terms of location, size, and amenities. Create a checklist that ranks these criteria in order of importance, and keep it handy when you begin looking at properties.
That way, if there’s something in particular that is non-negotiable for you and your family, you can quickly determine whether or not a given property meets those requirements without having to go through all its features one by one.
Tip #4: Work With a Real Estate Agent who understands your limits and needs
A real estate agent will be an invaluable resource throughout every step of the buying process. They have quick access to listings before they hit major online listings, and they can also explain how the bidding process works.
As a mortgage professional, I can recommend one of my partners who I am confident can help you in this journey.
Tip #5: Make sure all of your paperwork is ready and updated
Once your offer is accepted, things move quickly! Having gone through all the steps above helps to make for a smoother transactions overall!
The spring season is traditionally busy for the residential real estate market, so consider these 5 tips which will help guide you through this exciting journey toward becoming a homeowner! Good luck!
Start an application with me, a mortgage professional, APPLY NOW
Pauline@indmortgage.com | (508) 525-5415 | www.indmortgage.com
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.