Historically the spring and summer months are a time when many home buyers and sellers enter the real estate market. It may be the warm weather or maybe it’s the longer days but it is clear that many take advantage to find a new home. If you are thinking of buying or selling a home there are some things that you can do to prepare; below are some tips to aid you in preparation for the home buying process.
How to Prepare Your Credit – If you are like most people you will be financing your next home. Ensuring you know what is on your credit report and taking the time to rectify anything you might find is important to you getting the best rate possible. If you are a first time home buyer correcting any errors on your credit report can be important to boosting your credit report. You can order one free credit report per year fromAnnualCreditReport.com. Remember that there are three different credit reporting agencies: Experian, TransUnion, and Equifax. Different home lenders utilize different credit reporting agencies.
Get Pre-Approved for a Mortgage – One of the first steps anyone planning to purchase a home should take is to meet with a professional mortgage lender to review your financial situation including savings and investments as well as your credit history. This information is compiled to provide you with a better awareness of what you can afford and your available mortgage financing options.
Establishing a Budget – Whether or not you are a first time home buyer or this is a second home purchase – establishing a budget can help you avoid financial difficulties in the future. Knowing and sticking you homes within your budget is important. Also, take into consideration the aspects of each prospective home that would affect your monthly expenses like the type of heat.
Make a Few Lists – You will most likely find that buying a home more a process of eliminating homes that are currently on the market more than a process of selection. We suggest that you make two lists. One list should include all the must-have characteristics you are looking for in a new home. The second list should be your deal breakers. These lists will also help you better communicate your wants and needs to your Real Estate Agent.
Consider Resale – We know that it may seem like a long-term decision, the average American buys a new home every 13 years, according to a recent article from the National Association of Home Builders. Considering the resale value and highlights of a home when buying a home can prove to be an intelligent move in the future too.
When considering how to buy a home, whether you are a first time home buyer or if you are buying a second home, speaking with a Real Estate professional can prove to be priceless. Pioneer Pacific Real Estate offers the service of yesterday, the technology of today and the commitment of tomorrow. If you would like to know what your house is worth or a list of homes that meet your families unique needs and wants, contact Pacific Pioneer Real Estate and it’s friendly Realtors.
Visit Pacific Pioneer Real Estate in Historic Downtown Sandy Oregon at 38985 Pioneer Blvd or contact them at 503.668.4994 for more information.
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