Beginning Your Process
If the goal of communication is to understand and to be understood, then sharing information can only help your real estate broker do the best job possible for you.
As your Latitude 44° real estate broker, I will listen to your dreams and goals to fully understand your needs.
Asking questions and summarizing what I’ve heard is part of the communication process.
The key word is sharing.
Share information about yourself and your real estate broker will share information as well. Your broker is an expert in this marketplace and they know the real estate business.
Your realty broker will actively listen and act upon the information you share. And you should be ready to hear and act upon the expertise and information your broker brings to you.
GOALS IN BUYING A HOME
The best way to get what you want is to know what you want.
Buying a home is no different: By establishing what your goals are for purchasing your home, we can then begin to meet those goals.
It’s a good idea to create a prioritized list of features you want in your new home; you’ll quickly discover finding the right house involves striking a balance between your “must-have” real estate features, and your “nice-to-have” real estate features. Having a clear sense of your reasons for buying and understanding what you need and want in your home will help you choose the right property.
A little preparation before you buy a home helps increase your home buying power.
Hire a Real Estate Professional
- Communicate your wants and needs and let your real estate broker start looking for the right home to meet your needs.
- Your real estate professional has access to homes as soon as they come on the housing market.
- They can also network with other real estate professionals to be on the lookout for you.
Get Pre-Approved and Repair Your Credit
- Get pre-approved by a lender, you need to make certain your credit is in order.
- Don’t start house hunting without knowing how much home you can buy.
- A preapproval letter will open doors with sellers because it demonstrates that you are serious and prepared to buy.
- If you find a ding or error on your credit report, take care of it immediately. Dispute an inaccurate item on the report by contacting the consumer reporting company and the information provider in writing.
Don’t Inadvertently Lower Your Credit Scores
- Lenders look at more than how much credit you use.
- They also take into consideration how much credit you have available (debt-to-income ratio).
- Now is not the time to be opening any new accounts or closing any accounts.
- Don’t purchase furniture or a new car or any big ticket item before buying a home.
Don’t Expect Perfection
- Have realistic expectations about the home you may purchase.
- Can you fix what doesn’t work reasonably? Most cosmetic changes are relatively inexpensive.
- In some cases, you can even pay for the cost of remodeling with your mortgage loan. It is important that you communicate remodeling possibilities this with your lender.