Home Are You Looking To Buy in 2018? Here’s 5 Steps To Help You Be Prepared!
November 27, 2017
There’s never been a better time to start house hunting! Start prepping now so you have a good head start going into the new year!
If this is your first time as a home buyer, we are here to help you get organized and ready to buy a home.
Here are 5 important steps to take before stepping into the home buying process.
What’s Your Credit Look Like?
If you’re one of those people who always ignores collections or is a little unorganized with past debt, now is the time to buckle down and make it your number ONE priority! If there’s one thing that is important to focus on, it’s your credit report and your credit score.
Luckily there is a ton of great financial advice for free out there and cleaning up your credit report is easier than you think. Most people get discouraged because it does take time, patience, and practicing good financial habits.
Different loan programs have different credit score qualifications. Some are more flexible, like an FHA loan for example. While others require your score is somewhere higher, like a Conventional Loan.
Now that you have a good idea of what your finances should look like, it’s time to find your mortgage lender. They will tell you if you’re ready to buy a home and give you more knowledge about the mortgage loan process and which loan program will fit you best.
Choose The Best Real Estate Agents
Another important part of the home buying process is picking the perfect team of real estate agents to help meet all your needs. The Arnett family has been in the real estate business in Arizona since 1948. Capitalizing on the strength of three generations, here at Arnett Properties we continue the family tradition of trust and hard work. We take pride in helping our clients achieve the “American Dream” through home ownership!
Choosing the best real estate agent team is so important when you’re house hunting. We have the best systems, have good connections, and know everything there is to know about real estate here in the East Valley!
Get Pre Approved
Now you have a top notch team of real estate agents and a helpful mortgage lender, it’s time to make things happen! When your lender preapproves you for a mortgage, you’ll be able to show sellers that you can buy their home. To get preapproved, here’s an example of some things you’ll need to provide…
Although a preapproval isn’t a guarantee that you have a mortgage loan, it is a step forward and will give you a good idea what you do qualify for.
You’ve qualified for the mortgage, now it’s time to make an offer and get that final mortgage approval stamp. Along with this final step comes a home inspection, closing costs, and lots of final paperwork. All the signing and steps along the way are totally worth it when you finally get those keys in your hand!
To learn more about the final steps in the home buying process click here!
We love to make the home buying process as simple and stress free as possible. Please Call or Text us to start your home search today! 480-415-5233