As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few financing tips.
Get pre-approved. By getting pre-approved as a buyer, you can save yourself the disappointment of looking at houses you can’t afford. You can also put yourself in a better position to make a serious offer when you do find the right house. Unlike pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history. By doing a thorough analysis of your actual spending power, you’ll be less likely to get in over your head.
We’ll help you determine the fair market value of a home before you make an offer. Sales of similar homes in the last six months are of particular interest. The Realtors at Carol Cole Real Estate, LLC are exceptional negotiators and will provide guidance to assist you in getting the home you have chosen.