The first thing you will want to do is meet with a mortgage lender and obtain a pre-approval for a mortgage loan. The lender will look at your credit report to determine the amount of a mortgage you would qualify for. If there are any credit issues, the lender can direct you to a credit repair agency that can help you boost your credit score to be able to purchase a home within a few months.
Having a pre-approval letter before you start looking will help you in several different ways:
In today’s hot real estate market, you do not want to delay your offer because you did not have your pre-approval letter. Other buyers may be prepared with their pre-approval letter and submit an offer before you are able to submit yours. You wouldn’t want to miss out on the perfect home, would you?
You need to find the right agent to guide you through the buying process whether you are a first-time home buyer, a move-up buyer, or a downsizing buyer. The local real estate market changes frequently and you need someone in your corner who is knowledgeable and can help you negotiate the best deal possible. Hiring a Buyer’s Agent does not cost the buyer, as the seller is paying the commission. A common misconception is that working with the seller’s agent will get you a better deal. The Seller’s agent is working on the seller’s behalf and is contractually obligated to do so. Do your research and find a good buyer’s agent.
You most likely have an idea of where you would like to live. Maybe you are looking for a particular school district or proximity to work. Focus on your top area first and then move out from there if you can not find the right home.
Make a list of the items that you must have in your new home and be sure to discuss those items with your real estate agent. And, think of the things that would be a “deal breaker” for you and discuss that with your real estate agent also. The more your agent knows about your needs, the better they will be able to zoom in on the homes that are right for you. A resourceful real estate agent will be able to guide you to the properties that meet your criteria.
Nancy & Julie Snider offer the experience and knowledge you need to navigate the complex Pittsburgh Real Estate Market. They specialize in making your dream of owning a home come true. Call or email them for a consultation. Nancy –412-480-6423 or Nancy@thesnidergrp.com Julie – 412-352-8941 or Julie@thesnidergrp.com.