Ana Lucia Porter's Blog
Want to make your homeownership dream a reality? Get pre-approved for a mortgage, and a first-time homebuyer can move closer than ever before to acquiring his or her ideal residence.
Ultimately, there are many reasons to receive pre-approval for a mortgage, including:
1. You can establish a realistic homebuying budget.
Entering the housing market for the first time can be challenging. In fact, many first-time homebuyers struggle to establish realistic expectations before they begin their home search. And as a result, these homebuyers may end up spending too much for a house.
Fortunately, getting pre-approved for a mortgage enables a homebuyer to enter the real estate market with a budget in hand. This ensures a homebuyer can avoid the temptation to overspend on a residence.
Pre-approval for a mortgage also allows a homebuyer to map out his or her homebuying journey. With a plan in place, this homebuyer may be better equipped than others to acquire a top-notch residence that matches or exceeds his or her expectations.
2. You can speed up the homebuying journey.
Although a first-time homebuyer can always submit an offer on a home without a mortgage in hand, doing so may be tricky. In some cases, it may even slow down the homebuying process, especially if a homebuyer has to allocate significant time and resources to find a mortgage lender.
On the other hand, a homebuyer who gets pre-approved for a mortgage should have no trouble accelerating the property buying cycle. This homebuyer will know exactly how much money is at his or her disposal, and as a result, can speed up the homebuying journey.
3. You can gain a competitive advantage over rival homebuyers.
In many instances, a home seller may be more likely to accept a proposal from a first-time homebuyer who has been pre-approved for a mortgage versus an offer from a buyer who still needs to obtain a mortgage.
A homebuyer who has a mortgage likely won't have to wait too long to acquire a house. Conversely, a homebuyer who needs to apply for a mortgage after an offer has been submitted may need to wait many weeks or months to complete a home sale.
Clearly, there are many great reasons for a first-time homebuyer to receive pre-approval for a mortgage. For homebuyers who want to ensure the best results possible, it certainly helps to collaborate with an experienced real estate agent too.
An experienced real estate agent understands the ins and outs of the housing market and will do whatever it takes to help a homebuyer streamline the property buying journey. This housing market professional will set up home showings and negotiate with a home seller on a property buyer's behalf. Plus, he or she is happy to provide honest, unbiased recommendations to help a homebuyer make his or her homeownership dream come true.
Take the next step to acquire your dream residence – get pre-approved for a mortgage today, and a first-time homebuyer can get the necessary financing to purchase his or her ideal house.
When you’re showing your home, you need to stage the home properly to impress buyers. Buyers need to be able to get an idea of what it would be like to live in the home. No matter what your own lifestyle is, or what problems you have had in the home, there are certain things that you probably don’t want to share with anyone who could be a potential buyer on a walk through.
Any Kind Of Taxidermy
Although you may enjoy hunting and taxidermy, there are few things that creep out potential buyers more than seeing animals that were formerly alive hanging on your wall. It’s been shown that taxidermy often gives buyers a sense of dread and can creep them out. Yes, that bear rug may be comfy and quite the accomplishment, but not everyone will share the same sentiment as you. Be sure to get all of these animal displays out of your home when you’re getting ready to sell it and show the property.
Personal Collections That May Be A Bit On The Strange Side
It’s really cool if you want to collect dolls, clowns, or have some kind of a celebrity shrine in your home. It’s cool for you, that is. Keep these items to yourself, especially when the home is going to be shown. Any room that could be considered too full of any one kind of item should be redecorated slightly before a home showing.
Weapons are on the same spectrum as taxidermy. Many people may have differing opinions with you on the subject and it could creep some buyers out. If you have any kinds of guns or knives displayed in your home, you should put them away for showings. These items can make buyers feel very uncomfortable and leave them turned off by your home.
If you like to get political, know that many people who are potentially going to buy your home probably don’t share your views or interests. Keep any politically charged signs and organizational symbols out of view for the showing of your home. Buyers may not be able to relate, and in turn, end up being turned off by your home.
Bug Traps Or Mouse Traps
We all have experienced bugs or mice in our homes at one time or another. When the house goes up for sale, you don’t want to advertise this by keeping any kinds of traps in view of buyers. People will get creeped out easily by the thought that pests have infested the home at some point. Although the home inspection will probably note that there was some type of a pest problem in the home, you don’t want to lose potential buyers because a mouse trap was in view.
Shopping for a new house can seem like an overwhelming experience because there are so many factors to consider.
The top priorities for the majority of house hunters include the quality of the school district, the number of bedrooms and bathrooms, and the overall condition of the house. Price is also a major consideration, as is square footage, commuting distance, and the character of the neighborhood.
In many cases, house hunters have specific requirements in mind, ranging from privacy to the layout of the rooms.
Although your search will be much more efficient if you know exactly what you want, the process of looking at houses will help you clarify your preferences, needs, and design ideas for your next home. Touring houses online and browsing home decorating websites can give you a lot of useful ideas, but nothing compares to actually visiting houses and taking a close look at everything the property has to offer.
Working with an experienced real estate agent is often the best way to find a home that checks off most of your priority items and meets your expectations. Searching the real estate market on your own is like going on a self-guided tour of a large historical site or tourist attraction. Without expert guidance, you could easily overlook some of the best aspects of the property, and you could also miss some "red flags" and negotiating opportunities that only a trained real estate professional could recognize.
Other than price, location, size, and property condition, what are other key features you might want to keep your eye out for? Everyone has different priorities and "wish lists," but when you know what you want, you'll be a lot more likely to be satisfied with the outcome! While there is no shortage of house hunting checklists online, here's a quick overview of some of the features and property characteristics you'll want to keep in mind.
Although you'll generally want to have a home inspector take a close look at any home you've made an offer on, there are a few key things you can notice before you even get to that stage. The condition of interior walls, the roof, and basement are three areas worth paying close attention to. Wet basements are not uncommon, but they can cause damage to your foundation and many things you might want to store there. Wet basements are also breeding grounds for mold spores, so a chronically wet basement can potentially be hazardous to your health, too -- especially if you or your family is prone to allergies, asthma, and other respiratory conditions. The Environmental Protection Agency is a good source of information on indoor air quality issues.
There are literally dozens of other details you'll want to pay attention to in prospective homes, including amount of storage space, the size of the back yard, privacy -- or the lack, thereof -- the house's distance from the street and other houses, the neighborhood noise level, the amount of street traffic, the reputation of nearby schools, and convenience to shopping centers, medical facilities, transportation, recreation, and entertainment. Other desirable features include a nice patio or deck, a garage, a fully functional HVAC system, updates to bathrooms and the kitchen, and enough room in the house for your growing family, overnight guests, and the occasional holiday party.