Step one, preparation! Let's get your ducks in a row before you begin the buying process.
The Preparation Phase starts as you begin to imagine and plan for the home you would like to purchase and eventually live in.
A good place to start is by determining your price range. Keep in mind, your price isn't necessarily what a lender is willing to lend you, focus instead on how much you want to spend and why.
We have also created a checklist that will help you to get your ducks in a row, so you are ready to take the next step:
1. Save for a Down Payment
2. Determine Your Loan Amount
3. Begin the Pre-Qualification Process for a Mortgage
4. Create a List of House Needs vs. Wants
5. Research Location, Neighborhoods, Schools, and Local Amenities
If you have questions about mortgages and lending, contact your WeVett team – they will be able to provide you with contacts for learning more about your options.
If you’d like to know more about the local area, your WeVett real estate agent will be an excellent resource to help you find the information you’re looking for. While your WeVett agent cannot legally provide subjective information about location, schools, neighborhood, etc., they will be able to provide you with resources and guides to help you determine the right fit for you and your family.
Throughout this entire process, we cannot reiterate enough the importance of communication – with your partner or family, your WeVett real estate agent, your lender, and even the members of the WeVett team. We are all here to ensure that you have a successful transaction by finding the home that is right for you and your goals.
Disclaimer: The information contained and the opinions expressed in this article are not intended to be construed as investment advice. You should always conduct your own research, due diligence and obtain professional advice before making any investment decision. WeVett, LLC & its members will not be liable for any loss or damage caused by your reliance on information or opinions contained herein.