Professional Real Estate Agents will make your Home Buying Easier
If you have reached the point in your life at which you are ready to make the purchase of your first home, there are three vital tips that you will want to keep in mind as you prepare to enter into the marketplace in search of your dream home. By following these tips, you will be in the best possible position to ensure that you really will be able to find and then buy that wonderful home that you have always dreamed about and that now can be called your own.
Get Pre-approved for a Home Mortgage Loan
Perhaps the most vital step that you should keep in mind when it comes to buying your first home is to get pre-approved for a home mortgage loan. By getting pre-approved for a home mortgage loan before you take off and start looking for the home of your dreams you will be in a far better position to be able to enter into a contract for that wonderful residence.
The reality is that the typical home seller will be more eager to enter into a sales contract with a person who has been pre-approved for a home mortgage loan. One of the biggest snags in closing on a real estate sales contract is the inability of the buyer ultimately to obtain financing. By coming to an agreement with a home mortgage loan already pre-approved, you will be able to demonstrate to a seller that you are already over a major hurdle.
Develop a Specific Home Buying Plan
Another important step that you will want to take when it comes to buying your first home is to develop a specific home buying plan. If you do not have a plan, you will face the prospect of getting off course in the search of a home that will best suit your needs.
Perhaps the most significant element of a plan is to set forth specifically what you are willing to pay for a home. The failure to establish such a budget oftentimes results in a person ending up spending far more on a home than he or she actually can afford. In some instances, foreclosures in the Huntsville real estate market is illustrative of the failure to appropriately budget and plan in the first instance when looking for a home.
Consult our Real Estate Professionals
Finally, if you are a first time home buyer, your interests can be best served by taking the time and making the effort of engaging our professional real estate agents to assist you in your search for your home. By selecting Holloway & Associates to assist you in your home search, you will be able to have the greatest chance for ultimate success in finding the most idyllic home to meet your needs today and into the future.
Real Estate Buyers – How To Get The Best Deal
If you really want to get the absolute best deal out there, you need to take an extra step. What is it? You need to get your financing lined up before house shopping. This means getting pre-approved by a lender.
Sellers have learned to be wary of interested buyers these days. Yes, they want to find someone to buy their home, but there are a lot of false buyers looking at homes these days. These false buyers definitely are looking for a new home, but they make their offers conditioned on the sale of their current home. In short, the offers are not worth the paper they are written on.
If you approach a seller with a letter of financing from a lender, you will be the king of all you see. You can negotiate a low purchase price. You can probably also get the seller to kick in furniture or other items that strike your fancy. When you have financing in hand, you are a rare bird in this market. A much sought after bird.
Use this to your advantage to get the best deal possible and you will be really happy when the market rebounds and prices rise dramatically. In fact, you’ll be rich!
For more great tips on finding your perfect home in Alabama, call Holloway & Associates (256) 852-3350.