Advice for Homebuyers

Review Your Budget

This might seem like a “no-brainer” but buyers need to sit down and honestly look at spending plans and habits. Take into consideration new cars, vacations, education, etc. to determine what can be put into housing.

 

Get Pre-Approved

This step can be critical if you’re buying in a sellers’ market. Experts recommend that getting pre-approved before making an offer – sellers might be choosing from multiple offers and being able to say that you’re already approved can expedite the buying process and may make the difference in your offer being accepted.

 

Determine your maximum offer

In a competitive climate, experts also advise knowing how much more than asking price you are willing to offer, especially in a market where other offers are certain.

 

Seek Out Expert Advice

Realtors can provide comparison data to help determine appropriate offers. They can also help navigate a remnant of the last housing bubble, tougher appraisal standards. If you are willing/capable of offering more than the list price, that decision should be made with expert knowledge of the marketplace and appraisals.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s