Whether it is your first time buying a home–or your fifth–you may be surprised at just how many things you shouldn’t do while shopping. There are millions of people who have gone through the exciting process of purchasing a home, only to get to closing day with some roadblocks. Don’t let this happen to you! Here are four items to keep in mind to streamline the process:
Don’t start the process underprepared.
You will want to know your budget (a pre-approval for a loan will assist you with this). Write down the neighborhoods you want to be in, as well as the ones you want to avoid. It also helps to create a list of your “must-haves” and your “nice-to-haves”.
Don’t get emotionally attached.
There can be so much excitement in finding your perfect home, but unfortunately, also some heartbreak. To help avoid heartbreak, don’t fall in love with a house without checking it out first. Make sure you are thinking about your finances first, and your wish list second. Too often, buyers picture the perfect home, in a specific neighborhood with a specific size, rather than researching the home that matches their financial plan.
Don’t make major new purchases on credit.
Opening a new loan or credit card can delay a closing substantially. For most homebuyers, using their existing credit card for minor expenses will not have an effect. Be sure to consult with your lender before making an out-of-norm purchase before reaching the closing table.
Don’t do things alone.
Freedom 512 agents are happy to help you with the buying process, whether you are a first-time buyer or a fifth-time buyer. We want to ensure things go smoothly, and that closing is completed in a timely fashion. Contact one of our agents to help customize a search to fit your needs and answer any outstanding questions you may have on the process.