Deciding to a buy a home is a big decision. So when you’re finally ready to go, you want to hit the ground running. But purchasing a home often takes longer than most people realize, so moving forward with efficiency is key. The good news is, you can speed the process up if you have a plan in mind, and it’s not difficult.
Don’t wait until the last minute to apply for a loan at the bank. If one of your goals is to avoid wasting time, then getting a pre-approval should be at the top of your list. This step involves going to the bank and filling out a loan application before you approach any sellers. Getting pre-approved shows sellers that you’re serious and ready to move on a home as soon as you find the right one. Completing the paperwork and legwork before you start searching means you can make an offer sooner, rather than later once you find the right property.
Based on your credit score and income, your pre approval will allow you to stay ahead of the competition. You will know how much the bank is willing to lend, and sellers will know that you are a safe bet and have access to the needed funds.
Free Background Checks
Check yourself out! If you are looking a house, chances are other buyers are likely to be pursuing it as well, and a great way to stand out from other buyers is by doing the seller’s homework for them.
Depending on the neighborhood in which you want to live, the homeowner’s association might require new residents to pass a background check. By getting a free person lookup background check in advance, you can save a lot of time. Once you get the results, print them out so that you can give them to the listing agent or homeowner’s association for processing.
Stick to your Wish List
Decide what your needs and budget are before you start searching, and stick to your criteria. Don’t waste time looking at homes out of your budget or properties that don’t have the things you need. If a house does not have enough room, the right appliances or requires a lot of maintenance, move on quickly.
Buying a home can be a time-consuming process, but doing as much as you can before you speak with the sellers will help. Work with a First Team Real Estate agent to prep yourself for buying, so you can use your precious time wisely.
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This guest post is written by Eileen O’Shanassy, a freelance writer and blogger based out of Flagstaff, AZ. She writes on a variety of topics and loves to research and write. She enjoys baking, biking, and kayaking. Check out her Twitter @eileenoshanassy.