Payson Realtor – 5 Tips if Buying a house is on Your List of 2017 Resolutions
With the start of the New Year, everyone is setting the resolutions for 2017. Maybe it is to declutter the house, exercise and eat healthy, or maybe it is even to purchase a new home this year. If buying a new home is your goal, there are a few things you need to know.
Great Time to Buy: First, 2017 is a great year to buy a house. Mortgage rates are at all time lows.
Get Pre-Approved: Getting pre-approved is vital to finding your perfect house. If you wait until you find a house to get approved, you may lose the chance to put an offer on your dream home while you are waiting on the bank for approval.
Know Your Score: Same can be said with your credit score. Having a score of 650 to 750, you can buy a house, but usually at a higher mortgage rate. Anything less, could mean you are unable to purchase a home. Before starting looking for that house to buy, check your score and fix any discrepancies before hand.
Use a Realtor®: Although it can be tempting to skip using a licensed Realtor®, don’t! They are very knowledgeable in the neighborhoods, market trends, and the community. They are also very verse in negotiations and are certified to do so. They will get you the best price possible with little work on your end.
Know Your Budget: Finally, Make a budget. Know what you can afford and all costs associated with buying a house. Not always is it a wise decision for you and your family to buy a house that will put a strain on your monthly budget. It is better to go under budget in the event the unexpected happens. And of course, ensure you cross your t’s and dot your i’s before jumping into making this big purchase.