1. Get pre-approved
2. Find a realtor you trust
Getting pre-approved is like getting your license to shop for a home. You don’t want to waste your time looking at homes that aren’t in your price range. The pre-approval process should NOT cost you anything. This process is simply meeting with a lender to let them know what your financial picture is so that they can determine how much money they feel comfortable loaning you. They’ll take a look at your credit score, income, debts and assets. One of the easiest ways to determine how much you can afford is to determine what monthly payment you would be comfortable with and working backwards. If you are pre-approved for $180,000, but you don’t feel comfortable with the monthly payment, then make sure you find the right price range that you would want to stay under so that your monthly payment will be in your comfort level.
The second step is to find a realtor that you trust. There are a lot of steps involved in the home buying process and you want to make sure that you are represented by a realtor that is working for you. They can walk you through the ropes and save you a lot of time and money! In addition, a buyers agent is free to the buyers. The seller’s pay the buyer’s agent commission upon closing.
For more information, come to one of my FREE First Time Home Buyer’s Seminars. This seminar will show you step-by-step how to save time, effort & money when buying your next home. Anyone considering the purchase of a home will gain valuable insight from this seminar especially first time home buyers. The class is held most Tuesday evenings at 6:30 p.m. and is FREE, but you must RSVP to attend. Spots fill up quickly, so make sure to contact Brad Papa at bradleypapa@remax.net or call 913-526-4985 and reserve your spot today!
- Brad Papa
- RE/MAX State Line
- 913-526-4985
- bradleypapa@remax.net
- www.PapasInTheHouse.com
- Come to Papa For All Your Real Estate Needs!
