If this is the first time you’ve looked into purchasing property, you may be interested in how to have the smoothest real estate transaction. It can be confusing to buy real estate, especially when you haven’t been through the process in the past. Fortunately, it’s fairly simple to understand.
To start with, you need to get pre-approved for a mortgage. By doing this, you show the seller that you can obtain the funds needed to purchase a home. This makes them take you more seriously.
Next, look at homes you like online and make a wish list. Let your agent know what you’re looking for and discuss the features you want your home to have. You should stay within your approved price range (or very close to it).
It’s a good idea to have your agent talk to the listing agent before you put an offer in writing. You want to know what kind of financial offers the sellers will accept and other important information, such as confirming the title and escrow companies that you’ll have to use.
When you’re looking at homes, you have to move quickly due to the state of the market. Knowing what you’re looking for and being prepared to make an offer is important, but it’s also vital to get to know the seller’s preferences and to stay within your own limits. By taking the time to look for the right home at the right price, you’ll spend less time viewing homes and more time on making an offer and moving in to your new homestead.
Source: Bigger Pockets, “10 Helpful Tips For A Smooth Real Estate Transaction,” John Steele, accessed May 10, 2018