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If you plan to buy a home soon, you will need to know "where you are going." For a most enjoyable home-buying experience, first build a roadmap to your new home, a list of priorities that will lead you to your objective - your new home!
The first priority is your time frame. While cash transactions can exchange in a matter of days, it takes some extra time to secure a financial loan process. Thirty to 45 days is the norm. If it is a emergency such as a 1031 exchange deadline, call today! We can come up with the quick answers! Keep in mind that it may take 30-90 days (or more) to locate the right home, secure financing, and complete the home-buying process.
The next priority is to create a detailed description of the home you hope to find. Developing a Home Search Criteria to help you distinguish between "need to have" features and "nice to have" features will save you lots of time and stress. Be Specific. Include architectural style, number of bedrooms and baths, location, lot size, and other special requirements. Number your preferences in order of greatest importance to you.
There is nothing we take more seriously than helping people find new homes they love. We'll also spend time learning your personal real estate needs, based on:
- Your preferred price range
- What style of home you want
- What area(s) you want to look in
- What extras you would like
- 12 areas to watch when looking, to avoid making the wrong choice
- Determine what you will qualify for
- Your preferred down payment
- Your preferred monthly payment
- Which types of finance are best for you
- How you can get a mortgage
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SHOULD YOU GET PRE-APPROVED?
Getting a pre-approved mortgage is a great way to get started in the home buying process. With a mortgage approval, you will be in a better position to negotiate with Sellers. You will also be able to close on a property quicker than other Buyers. This shows the Seller how serious you are about the property, and it will make the Seller more comfortable working with you. In a "seller's market," or where supplies are limited, a pre-approved mortgage is essential.
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