Top 10 To-Do List for Homebuyers

red house You test drive new cars and consider your financing options before making a decision on which vehicle to buy, so why shouldn’t you plan your decision to buy a house and do all the research you can? Make sure you have these bases covered when you are considering buying a home:

  1. Check on your credit report‘s information and accuracy; you can get a free credit report on
  2. Pay your bills on time and reduce your debt to both prevent: lowering your credit score and straining your financial budget.
  3. Meet with your real estate agent and lender to discuss your housing and financial needs and to get advice on proceeding with the home search and the loan approval.
  4. Walk through your current home with your agent if you will be selling the property. Your Realtor can give advice on enhancing its resale value.
  5. Learn about your legal rights and real estate terminology so that you know your way around the housing transaction.
  6. Get preapproved for a loan so that you’re able to better negotiate with sellers when submitting offers, as well as shortening the amount of time it will take to close escrow.
  7. Ask questions about the purchase offer and mortgage documents before you sign.
  8. Be available and patient with your lender and agent. Your availability to sign paperwork will help close the transaction quicker.
  9. Make a list of what you really need in a home. With the high cost of purchasing property, avoid making an impulse buy that you can’t afford. If you make a list of what you really need, your agent will have a better idea of which available (and that are in your price range!) properties to show you.
  10. Walk through as many available homes in your price range and with your must-have requirements as possible. Compare each one to your list and make a thoughtful decision on your family’s home.
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