Confidence is key…

by jmaranto

Confidence is key when buying a home.  I don’t want to sound like a broken record, but confidence is key, regardless of whether it is a buyer’s or seller’s market.  And to be confident in your decision making process you need to understand the home buying and lending process.  This is a big decision and should not be taken lightly.  Before going to look at homes, first speak with a lender to understand your financing options (including features and benefits), how much money you need to put down, and the overall closing costs.  This is essential for two reasons.  First, you do not not want to look at homes that are not in your price range and second, you want to know what you need or negotiate for with your offer.  For example, did you want to negotiate a price reduction or are you ok with paying full price and asking for all of your closing costs to be paid.

Once you have spoken with your lender then get in touch with a qualified local realtor who will be willing to spend the time with you to understand your requirements and explain the process in detail.  Helping you determine your strategy is a crucial role of your realtor and one that will save you time in the process.

Lack of confidence leads to hesitation.  The more confident you are in your understanding of home buying process and the finances related to such a purchase the quicker you will be able to act when you see the home that works best for you.

Published on 2015-07-18 07:03:58