- Build up your Credit
-Once you have decided that buying a home is the best decision for you and your family it is time to get started. Start improving your credit months before you purchase a home. Make sure there is nothing on your credit report and pay down your credit card balances and anything else you may have. The more points on your credit score can mean a lower interest rate on your mortgage.
- Shop for Financing
-It is much easier and less heartache on you if you shop for a mortgage you can afford first. Most people start searching for houses and when they find one they really love the mortgage tends to be out of their budget. I would suggest going to the bank to see how much you can afford to pay and waiting to get approved for the loans first before purchasing a new home.
- Find an Agent
-Real estate agents are important partners when you’re buying or selling a home. Real estate agents can provide you with helpful information on homes and neighborhoods that are not easily accessible to the public. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable.
- Know exactly what you would like to have in your ideal home
-Once you know your price range and have an idea of what type of neighborhood you would like to live in start laying out what you need and would want in your home, both now and up to 10 years from now.
- Start Shopping around
-Once you find something you like whether it is on the internet or through your agent make sure you check it out more than once.
- Hire an Inspector
-You will need to hire an inspector to take a look at the home you are interested in purchasing to make sure that it is move in ready and that there will be no problems.
- Make an Offer
-Your best bet is to usually offer a fair price, but still consider local trends on what other homes in that neighborhood sold for.
- Close the Deal
-At closing, you will sign all of the paperwork required to complete the purchase, including your loan document. After all of the time you have put into finding your perfect home now it is time to make it official.
Contact the A.R. Davis family for any questions or concerns you may have or if you’re looking to purchase a homeowners insurance policy.