Take Charge When Buying

Buying a home isnโ€™t for the faint-of-heart. In fact, you need to be ready to take charge of the whole experience if you want to be successful.

Take Charge when Buying a Home

Going into the process armed with all of the knowledge you need is the best way to shopโ€”and purchaseโ€”confidently.

Hereโ€™s what you need to know:

  • How much house you can afford
  • Where to find the best loan terms
  • How much money you need to save

You also need to know some basic real estate lingo. Finally, you have to be confident that youโ€™re working with a skilled Main Line real estate agent who knows what sheโ€™s doing and has your best interests at heart.

Once youโ€™ve built up your reservoir of knowledge, youโ€™re ready to tackle the biggest part: preparation.

How to Get Ahead of the Game

Start by gathering all of your bank statements, tax returns and pay stubs. Itโ€™s best to go back at least 24 months, but if you can only come up with 12 monthsโ€™ worth, that will be okay, too.

From there:

  • Get a copy of your credit report. You need to know what your credit scores are so that youโ€™ll have a heads-up on what kinds of terms are fair for your situation.
  • Gather documentation about any assets you have, including investments.
  • Avoid making major purchases before or during the loan approval process.
  • Ask questions. As soon as you have a question, ask your real estate agent. Sheโ€™ll give you the answers you need so that youโ€™re able to make the right decisions.

Remember, this is about you and your needs. Youโ€™re going to own your home, so you need to own the process that gets you there.

Ready to Talk about Home Ownership?

Call me at 610-608-3119 or fill out my easy online contact form. Iโ€™ll be able to start searching Main Line homes for what you need and walk you through the entire process from start to finish.

Links:

How Much Home Can You Afford

Mortgage Basics

How Much Do I Have to Save to Buy a Home

A Short Guide to Real Estate Lingo

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