Coldwell Banker Platinum Partners
There is good reason for homebuyers, first-time and otherwise, to be excited. In Glynn and the surrounding counties, there are plenty of houses on the market, sellers are negotiable like never before, and if having bad credit is not an issue, most banks want to do business with you.
If you are a first-time homebuyer, take a moment to read over the following checklist:
1. Find out how much you qualify for and can actually afford. Take the time to check your credit report. If you want a low interest rate on your loan, you need a good credit rating.
2. Go see a mortgage lender or broker. Get pre-approved and get it in writing. Make sure the monthly payments are at an amount you can handle comfortably. Once you get pre-approved you will know how much house you can shop for.
3. Make a wish list. Develop a priority list according to your wants and needs. That will lead you to buy the house that is right for you.
4. Get a good realtor to be on your team. Your realtor will be your best friend throughout this entire process. They’ll make sure you visit houses that are in your price range and fit your priorities list.
5. Check out the neighborhood. Once your realtor has identified properties for you to look at, cruise the neighborhood(s) to make sure that you and your family would feel comfortable living there.
6. Do a thorough home search. Look at homes in your price range and that meet your priority list criteria, then have your realtor do a comparative market analysis on the ones you may want to make an offer on. This way you can see if the asking price is reasonable and within market pricing.
7. Make an offer and do your due diligence. Have your realtor help you prepare the purchase and sale agreement and have them advise you on several inspectors (home, electrical, pest, plumbing, etc.) so that you take advantage of the due diligence period in the contract. Know what you are buying!
If you are a first-time homebuyer, take a moment to read over the following checklist:
1. Find out how much you qualify for and can actually afford. Take the time to check your credit report. If you want a low interest rate on your loan, you need a good credit rating.
2. Go see a mortgage lender or broker. Get pre-approved and get it in writing. Make sure the monthly payments are at an amount you can handle comfortably. Once you get pre-approved you will know how much house you can shop for.
3. Make a wish list. Develop a priority list according to your wants and needs. That will lead you to buy the house that is right for you.
4. Get a good realtor to be on your team. Your realtor will be your best friend throughout this entire process. They’ll make sure you visit houses that are in your price range and fit your priorities list.
5. Check out the neighborhood. Once your realtor has identified properties for you to look at, cruise the neighborhood(s) to make sure that you and your family would feel comfortable living there.
6. Do a thorough home search. Look at homes in your price range and that meet your priority list criteria, then have your realtor do a comparative market analysis on the ones you may want to make an offer on. This way you can see if the asking price is reasonable and within market pricing.
7. Make an offer and do your due diligence. Have your realtor help you prepare the purchase and sale agreement and have them advise you on several inspectors (home, electrical, pest, plumbing, etc.) so that you take advantage of the due diligence period in the contract. Know what you are buying!
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