Now that you’ve decided it’s time to buy a home, you’ll want to follow these steps to ensure the process goes smoothly the rest of the way when we’re working together.
First off, I’d want to set you up with a mortgage professional, if you haven’t already done so. Not only does this guarantee you’re financially ready to purchase, but it will also give us a purchase window in which we can begin to work with.
This outcome will prove one thing: Either the range you thought you qualified for was too high, or you actually qualify for a higher purchase window.
From there, your mortgage rep will give you a pre-approval letter, which is essentially your license to go shopping. For homes, specifically. In fact, this stands as a reminder that after you are pre-approved for a mortgage, you want to curb any unnecessary expenditures. Don’t go out and buy a new car, don’t put that 80-inch TV on the credit card; just be reasonable with your purchases from hereon out, until the keys are handed to you on closing day.
The pre-approval letter is valid for 60-90 days. If your home search goes beyond that window, all it takes is a quick call to your rep to extend that window and update them on any financial changes that may have occurred in that span.
Once you have a working budget in mind, you and I will sit down with the mortgage rep (if available), and anyone else involved in the home buying process for a consultation meeting. This quick discussion allows us to get everyone on the same page in terms of what we’re looking for: houses in a certain budget, the ideal timeframe, areas/towns of interest, styles of homes, wants and don’t wants, etc.
This is essentially the process for engaging in the early steps of homebuying, but every experience is different and specific to the individual. We’ll work together to cater a plan that works best for you.
Ready to kick-off the home buying process? I’m here to help you every step of the way.