Let’s look at actions you should DO when buying a home to help ensure success!
1. Plan In Advance: There are many steps involved in buying a home, so it takes time. Don’t wait until you want or need to move. Start your search now.
2. Find a lender before looking at homes: This way you’re sure that you’re qualifying in the right price range, and won’t be disappointed looking at houses you end up not qualifying for, and risk losing Earnest Money.
3. Be UPFRONT and HONEST with your mortgage loan broker: They need to know about all of your financial information, including your paychecks, bank statements, existing debt, child support, alimony, bankruptcy filings, and more. It will save you a lot of heartache down the road if you discuss all of these things first.
4. Prioritize your wants & needs: Make sure tell your agent your criteria for home that you’re looking for and location, so your agent helps you find the house that best matches your criteria.
5. Use the 80/10/10 principle to find your keeper. It’s unlikely you will find a home that you 100% love.
– Find a house that contains 80% of what you need and want
– 10% can be easily fixed
– 10% you can live with
6. Always ask your agent questions: Don’t think that your question may be silly.
– Make sure you have all the facts before signing on the dotted line.
