The Best Buyer Tips
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Transcript of The Best Buyer Tips
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Are you looking to buy a home in California? We are here to help make the process a little easier and give you some tips on buying a home.
Buying a home is a big step and being prepared to do so is important. We have 5 tips to help you in the process.
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1. Get pre-approved for a loan instead of pre-qualified. There is a big difference. A pre-qualification only states that you can start the application process. A pre-approval goes into the loan application process and provides detailed information on what you can afford and saves a lot of time once you find your dream home.
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2. Keep your money in one spot. When you are purchasing a home, the bank wants to see that you are stable. If you start moving your money around or making large purchases 3 to 6 months before you apply, you might not be approved.
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3. Don’t wait for the real estate market to turn. Buy a home when you are financially ready and when you find the home you want. You don’t wait to buy real estate, you buy real estate and wait.
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4. Get a land survey done. This shows your exact property lines and prevents land border disputes down the road.
5. Buy a home that has the potential to increase in value. If you purchase a home that is the most expensive in the neighborhood, it will stay that way, and you will have a hard time finding a buyer in the future.
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