Here are four essential things that buyers should know when purchasing a home.
It’s a crazy market out there. However, it’s still a great time to buy. You just need to make sure that you’re ready so someone else doesn’t purchase your dream home. Here are four essential things that buyers should know when they’re in the market to purchase a home:
1. Get pre-approved. Talk to a lender about what a comfortable monthly budget is for you. This is more important than ever in this low-inventory market.
2. Know the cost. In addition to the down payment, there are costs for inspections, appraisals, and closing costs to consider.
3. Pay attention to your financials. After you get pre-approved, it may not be the best time to take out new lines of credit or even buy a new car. You want to have those conversations with your lender to make sure that transparency is there and they know what’s going on. It wouldn’t be good for the pre-approval to change, especially if a house that you love comes on the market.
4. Try to enjoy it. Buying a home is stressful, but it can also be very exciting and fun. Once it’s all done, you will be in a home that you’ll enjoy with your family for many years to come.
If you have any questions, please feel free to contact me at Elizabeth@charlestondigs.net.