Purchasing a home can be overwhelming and stressful, but with Navarre Real Estate Source, we strive to make the process as easy as possible. We guide our clients through the process step by step, never leaving them wondering where to go next.
Here are easy home buying tips for 2019:
Check Credit Score: A higher credit score will allow you to get a lower interest rate when you get pre-approved with a lender. Additionally, it impacts how much a lender will loan you.
Get Pre-Approved: It is important to know how much you can afford when looking for your property. Getting your heart set on a property that is not within your budget can be heart-breaking. Find out how much you can comfortably afford.
Create a Must Have List: Is a A+ school important to your family? A large kitchen? Swimming pool? A large bathroom with his and her vanities? Creating a list will allow Navarre Real Estate Source agents to narrow down properties to show you within your price range.
Save for a Down Payment: A down payment on a home is typically 20%, depending on the loan type you select. If you put less than 20% of a down payment, PMI (private mortgage insurance) may be applied to your loan. If you are a service member, a veteran, or eligible surviving spouse, you may qualify for a VA Home Loan, which can provide 100% financing.
Budget for Fees: Budget for extra costs that the seller may not pay for, including appraisal fees, inspection fees, closing costs, property taxes and home insurance. Other fees that will not be covered by the seller are utility hook-up fees, HOA fees, etc.
Take Your Time: Don’t rush into purchasing a home. Finding the perfect home for you and your family will take time. The process after making an offer is also time-consuming, don’t let this discourage you from buying a home.
Finding the Right Real Estate Agent: Navarre Real Estate Source’s team of knowledgeable Real Estate agents are here to help you from beginning to end. Our mission is to help you find the perfect home.
When you are ready to start the search for your dream home, give us a call!