With today’s housing environment, you’re going to see a lot of competition when putting in an offer for a purchase. Having all of your metaphorical ducks in a row before you put in your offer should make you ready to make decisions involving purchasing a home.
- Get your credit score and down payment together. Having a strong credit score will help ensure you qualify for a mortgage for your home purchase and help you receive a more favorable rate. Having your down payment saved will allow you to put more money down on your home and possibly avoid paying PMI.
- Get preapproved for a mortgage. Knowing what homes are in your price range will eliminate wasting time looking at homes you can’t afford.
- Choose a great Realtor. Pick an agent who has experience with the market you’re looking in.
- Understand the mortgage process. While you may not need to know the minor details of the entire process, knowing your timeline and what documents you will need to provide will help save you time and stress worrying you may be forgetting something.
