Let's Get Organized!

Buying a home soon? Whether you plan to purchase your first home, move up to a larger one or buy a new one, what steps can be taken to insure a satisfying, successful home buying experience?
 
The first step might be to evaluate your present situation. Do you currently own a home? If so, will it be necessary to sell before making another purchase? Are you renting? How much time is left on your lease?
 
If you already own a home, start by asking a REALTOR to provide a "market analysis" of your home. It should include a suggested price range, terms, a list of needed improvements, probable selling time, and a "net" sheet showing the proceeds you may expect to receive when it sells. Once you know what to expect from the sale of your present home, you will be better prepared to make an informed decision about another home. If you are leasing or renting now, the expiration date of the lease will help you set a timetable for your purchase.
 
Step two, ask a REALTOR for a list of mortgage lenders who perform "pre-qualification" interviews. This procedure allows the lender to determine the maximum mortgage for which you qualify. By obtaining this pre-purchase determination of available mortgage loans, you can begin your home search with the advance knowledge needed to purchase the home of your choice. You will also know the amount of your down-payment and other closing costs.
Next, make a list of features you would like included in your next home. Write down desirable locations you would like to consider, an acceptable price range, number of bedrooms and baths, and any other amenities. Be specific. It is unlikely that you will find a home that offers every single feature you desire, however, without a list, it will be more difficult to recognize homes which meet your expectations.
 
Finally, provide the information you have gathered to the REALTOR of your choice, and ask to be shown a selection of homes which match your criteria. By following a logical, step-by-step, purchase agenda, you can enjoy a worry-free home purchase.

If you need help organizing your home for sale, let's talk.
Please give me a call at 260-489-7024 or outside of Fort Wayne call 1-800-395-9527.

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