Buying a new home can be very stressful, but you can cut down on the guessing games by taking care of some important steps before you even start looking. No matter what you think you can afford, it's a good idea to learn what you can definitely spend on a new house. There are general rules that can be applied, but if you follow those rules and find out later that they were inaccurate, ฝากขายที่ดิน you'll be left brokenhearted and without a new home. Rather than bring this kind of irritation upon yourself, start with the most important step: pre-approval.
Find a lender and start discussing the amount of money you can afford to spend on your new home right away. If you don't, you could find your dream home, only to watch the deal fall apart at the closing table when financing doesn't come through. By seeking out a mortgage lender first, you can discuss your income and credit score to get an idea of how much you should spend on a house. That will prevent you from choosing something well outside your means.
There are other functions that a pre-approval letter can serve, too. Believe it or not, your letter from your lender could get you in the door with a buyer before anyone else. Think about it; if you were selling your home, wouldn't you want to know the person planning to buy was already approved? How much trouble would that save you, the seller, if you could be sure the sale wouldn't fall apart at the last minute? By entertaining offers from buyers with pre-approval letters, home sellers can rest assured that the sale will go through. It happens all too often that a home sits under contract only to crumble at the closing table.
As a buyer, you probably don't consider homes that are already under contract, even if they are still active in the market. What is the point of getting excited about a possible home that could disappear tomorrow? This is why sellers like the pre-approval letters. When the house is under contract, they know people will stop considering their home as an option. They could lose dozens of possible buyers while waiting to find out if financing will go through. If the financing falls apart, they have to start all over again, and all those buyers who might have considered the home when it was under contract have usually found something else by that point. It's a terrible place to be as a seller, and that's why sellers love those pre-approval letters.
Keep in mind that your pre-approval letter does not equal approval. You'll need to fill out the actual loan application separately from a pre-approval application. While you'll be much more likely to gain approval for the house you choose if you have the pre-approval, things could still go wrong. To cut down on this, don't apply for any other credit lines until you gain a solid mortgage loan approval. This includes new cars, credit cards, electronics, and anything else that pulls your credit report. You could put your home purchase in serious jeopardy if you try to buy large items with credit. Many people make this mistake because they believe their pre-approval letter covers them.
When you work with a really great real estate agent, he or she will help guide you in the right direction. Choose the Realtor that will work hard for you, and everything else will fall into place. You may want to seek out a team with a designated buyer's agent to get the best possible service. When you work with a team, you'll know there is always someone there to answer your questions, even when your agent isn't available. Your agent will also know the best steps to take for buying a new home, and he or she will certainly suggest the pre-approval letter before wasting your time on home showings that might not fit your budget.
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