Are you in the market for a new home? Perhaps you are down-sizing since the kids are grown or you are up-sizing because your kids have come. Perhaps you are moving to a new area because of a job change or retirement. Today, I want to share a few things for you to keep in mind as you shop for a home. They are as follows:
BUY NOW- Since prices are down from a few years, we will get more home for your money today. Do not delay if you have been thinking of buying a new home. Shop and buy now.
FINANCE NOW- Now is also a great time to finance a home since mortgage rates are at record lows. Though lending requirements might be more stringent than a few years ago, you can generally expect to finance more house and get a lower monthly mortgage payment.
GET PRE-QUALIFIED- Unless you are planning to pay cash for your home purchase, work with a lender to get pre-qualified before shopping for a home. A good mortgage lender will be able to tell you how much home you can reasonably afford. Many realtors and/or homeowners will not even consider an offer to purchase unless you are pre-qualified. It is better to know whether you can get a loan before home shopping than after.
SETTING YOUR HOME PRIORITIES- Before you start looking for a home, it is important to make a list of features for the home you would like to purchase. Do you want to be near schools, shopping, or your church? Do you want to be in a subdivision or out in the country? How many bedrooms, baths, or square feet to you want? How big a yard do you want? Once you have made these decisions, prioritize the features in their importance. Is location of the home more important than the size of the yard? Would you rather have 4 bedrooms or be in a subdivision? Set these priorities and let them guide you and the real estate professional you are working with. Good luck in your search.- Randy Wall, Lora Lee Properties
BUY NOW- Since prices are down from a few years, we will get more home for your money today. Do not delay if you have been thinking of buying a new home. Shop and buy now.
FINANCE NOW- Now is also a great time to finance a home since mortgage rates are at record lows. Though lending requirements might be more stringent than a few years ago, you can generally expect to finance more house and get a lower monthly mortgage payment.
GET PRE-QUALIFIED- Unless you are planning to pay cash for your home purchase, work with a lender to get pre-qualified before shopping for a home. A good mortgage lender will be able to tell you how much home you can reasonably afford. Many realtors and/or homeowners will not even consider an offer to purchase unless you are pre-qualified. It is better to know whether you can get a loan before home shopping than after.
SETTING YOUR HOME PRIORITIES- Before you start looking for a home, it is important to make a list of features for the home you would like to purchase. Do you want to be near schools, shopping, or your church? Do you want to be in a subdivision or out in the country? How many bedrooms, baths, or square feet to you want? How big a yard do you want? Once you have made these decisions, prioritize the features in their importance. Is location of the home more important than the size of the yard? Would you rather have 4 bedrooms or be in a subdivision? Set these priorities and let them guide you and the real estate professional you are working with. Good luck in your search.- Randy Wall, Lora Lee Properties
Home customers and home traders that remain in the market during the holiday time tend to be critical and inspired, because it is staying a priority despite other bills and actions.
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