Find a real estate agent – a buyer’s agent!
Whether this is your first, second or third time buying a home, you’re always better off using a Realtor. Having the market expertise to find the right home in the right location, manage complicated contracts, meet key deadlines and represent your interest is critical in today’s competitive Idaho market. Did you know that it doesn’t cost you anything to use a Buyers Agent to purchase a home that is professionally listed? We also assist with the tasks below to help you prepare to buy a home.
Meet with lenders.
In most instances sellers will not entertain an offer that’s not accompanied with a mortgage pre-approval. That’s why your next step is talking to a lender and/or mortgage broker. We have several lenders we can recommend and will even help you take the first steps toward the preapproval process. We can help guide you to local programs that might be available for down payment assistance as well as first-time home buyer programs that help buyers get into their first home. A lender or broker will assess your credit score and the amount you can qualify for on a loan. He or she will also discuss your assets (savings, 401(k), etc.) and debt. You can always do some research online, but work with a live person who can review your situation, answer questions and, if necessary, suggest how you can improve your credit.
List Your Wants & Needs.
Going into the homebuying process with knowledge of your needs and wants helps you find exactly the home you are looking for. Identifying and prioritizing features can also eliminate homes that don’t meet your needs so your search is targeted to find exactly what you want. As you begin shopping for a home, it may be necessary to re-evaluate your list based on the local market. Lean on your real estate agent when you’re unsure of whether your list meshes with your budget.
Consider the Future.
It’s impossible to perfectly predict the future of your chosen neighborhood, but paying attention to the information that is available to you now can help you avoid surprises down the road.