|
There are plenty of homes for sale in Pebble Creek for first time buyers. If you’re purchasing your first home, here are some tips to make the process go as smoothly as possible. Get Pre-approved for Your Loan Searching for a new home without having a pre-approval letter is a big no-no. Not only do you not appear to be a serious buyer to a seller, some real estate agents won’t even represent you without one. This letter is a statement from your lender that you have sufficient income, a decent credit score, and meet the minimum requirements for obtaining full approval from said lender. Before you shop for a home make sure to have this letter in your hand. Budget Wisely for Your New Home A big mistake first time buyers make is focusing on the monthly house payment amount when deciding if they can afford a particular property. The problem with this is that there is more to maintaining a household than just making the mortgage payment every month. You also have to be able to pay for home improvements, real estate taxes that may go up year after year, and the utilities. Many people purchase homes that cost a lot to heat and cool finding themselves house-poor in the months when these utilities take a chunk out their paychecks. Choose the Right Insurance Company It’s easy to make homeowners’ insurance an afterthought or an addendum to the home buying process. However, this is just as important as selecting a good lender. Not all insurance companies are alike. Some may have low rates but poor coverage. Others may charge an arm and a leg for certain types of coverage that you may not even need. Call around to a few insurance companies for quotes before you choose an insurer. It could save you a couple hundred dollars a month. Don’t Make Big Purchases Shopping for a home is a big deal. Once you have the pre-approval letter in your hand, you have to issue a moratorium on major spending. Many first-time homebuyers get excited to furnish their new home and will go out and purchase new furniture by opening a credit card account. This could actually put your pre-approval and subsequent approval in jeopardy. Don’t make big purchases or mess with your savings account until after you’ve closed on the home. With so many homes for sale in Pebble Creek, it’s easy to find a home that meets your needs. First-time buyers who go into the process prepared and with as much information as possible will find that the journey to home ownership isn’t as obstacle-ridden as it may seem.
Related Articles -
Homes, for, Sale, in, Pebble, Creek,
| 
