Are you planning to buy your dream home? You must be excited and ready to contact the best realtors in town. However, before you connect with any real estate agent and start looking at classified ads for homes, there are things to do. We bring you a guide about things to do before trusting a real estate agency to offer you the best deal.
Prepare A List Of Top 12 Things You Want
The first thing you should do is prepare a list of the top 12 things you want in family homes for sale. The features with which you can compromise mentioned them in the last. This checklist may include location, home size, price, garden, or swimming pool. Knowing ahead what you are looking for in your new home will make the search easy for you.
While making this checklist, consult with your family members and think about short-term and long-term requirements.
Know Your Credit Score
Before you start your search for new houses, you must know your credit score. It plays a crucial role while financing your house. A good credit score indicates to the lender that you are a low-risk investment, and thus he offers you a low-interest rate.
Get A Mortgage Pre-Approval
Check your mortgage options before contacting a real estate agent to find the best place to live for you and your family. Factors such as the price of the home, term and interest rate of the mortgage determine the home you can afford. Remember that pre-qualified and pre-approved for a mortgage are different. Both the processes include analyzing your assets, income, and debts. However, an official mortgage application is involved only in the pre-approval.
Prepare A File Of Your Personal Financial Paperwork
Once you receive the pre-approval for the mortgage, you need to get ready with financial paperwork. Your loan officer may ask you for documents and information about your financial status, tax returns, bank statements, to name a few. All this information will be required to underwrite your mortgage. If you want to save some time while signing a deal for the homes for sale, prepare a file for it. The file must include the last three months’ pay stubs, recent bank statements, and most recent tax returns.
Search For The Best Realtor
Before you hire a real estate agent, do your homework. Ask in your network for real estate agent’s references, search online, and submit queries. It is recommended that you shortlist at least three real estate agents and interview them before hiring one.
Bottom Line
Although hiring a real estate agent is a wise decision, you must not completely depend on them. Conduct your research and add your listings. Grab the best deal at the most reliable real estate advertising tool. Puerto Rico And The World is a platform that will bring you the best properties across the globe. If you plan to sell your old house before buying a new one, you can advertise your business and promote your products here.