Maybe your New Year’s resolution is a new home purchase in 2018. We have a few tips that will help you to navigate your family’s largest purchase this year. With a little planning, buying a new home can be your best kept resolution in the upcoming year.
Seek out the perfect agent.
An experienced agent is your best bet when it comes to finding the right home. With specialized knowledge of the area, a finger on the pulse of the housing market, and the ability to negotiate for you, an agent is the first tool you need to have in your home buying tool belt. Here at The Ferzoco Group, we know we can assist you in finding the perfect fit in your home buying journey. Give us a call today to see how we can be on your side during this exciting journey!
Keep tabs on your credit score.
Going into the home buying process without checking your credit score is like skiing without snow gear. Knowing where your credit stands is an important piece of the home buying puzzle. By keeping up with your credit score you can successfully avoid fraud and be proactive in keeping your score as high as possible before embarking on the home loan process.
Find a lender who will meet your needs and get preapproved.
Start researching the perfect lender now. Ask your agent for their recommendations. You may be interested in internet based lenders or the bank where you keep your money. Research every option and find the one that fits your needs the best. Once you’ve found a lender, get preapproved for a home loan. Preapproval is a surefire way to expedite the buying process when you find and fall in love with the perfect home.
Start setting aside cash for unexpected expenses.
You may be ready in every aspect of home buying, but having cash on hand is one of the most tangible ways you can prepare. Incidentals such as closing costs and moving fees add up. Plus, there are always unforeseen purchases you’ll need to make on move-in day. And don’t forget the many take-out meals in the first few harried days after a move. Having some savings for these items will help you to face them with ease and without feeling the pinch in your wallet.
Keep these in mind as you start the exciting process of buying a new home. We hope these tips give you the confidence to move forward with your home buying dreams in 2018.