Realtor, Keller William Realty
I just saw your question and hope this answer helps.
If I were you, I'd decide which area (or areas) you want to live in and get pre-approved for a mortgage. There are many buyers and less properties to choose from so it is very competitive. It is not recommended you make offers without being approved for financing and I am sure realtors will all agree. A strong pre-approval letter helps too.
With that being said, I'd make sure your credit score is in the best position it can be by keeping your credit card balances to less than 40% of their maximums, if self-employed don't' take extended time off from work which may lessen your annual income, don't take on new large debts like a car payment, or co-sign for other loans. Don't be late on credit card, car payments, or student loans.
-Nos falamos portuguese tb
This is a late response as I just was introduced to this portion of Trulia. It looks like there were many great answers.. I would recommend you speak to a direct lender as they have the best rates & fees . Where as banks such as Bank of America, Wells Fargo etc.. only have their on product to push. The best example would be shoe shopping. If you go to Nine West you will only see their product which is limited compared to Nordstrom/Macys which has many more options . Please reach out if you would like for me to to put you in touch with an honest reputable lender who hands down is one of the best in the industry. She will also give you suggests and help you with any hiccups that you may or may not have.
Good Luck !
562 716 4272 direct line
The perfect home won't find you by itself. The key step in buying a home is doing the proper research. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By reading available materials and talking with experts, you can start to put together your idea of the perfect home.
â€¢Tip #2: Start Planning
Most decisions benefit greatly from proper planning, and home buying is certainly no exception. Start a filing system with sections such as home buying, home financing, and service providers. By forming a home buying plan you can more easily focus on the most important factors and help give structure to the entire process. My website is a great resource for property information.
â€¢Tip #3: Get PreQualified
Getting prequalified for a loan normally only requires a short phone conversation with a lender, and can greatly help your home search. Prequalification does not guarantee you a loan, but it does provide you with an estimated monthly payment and a price range to use as a guide when shopping for homes. Being prequalified can also often indicate to sellers that you are a serious, prepared buyer.
â€¢Tip #4: Look for Value
When shopping for homes, it's important to consider potential value. Even if you're not planning to sell the home some time down the line, it's a good idea to consider the future value of the home. Protect yourself against things like falling prices and gradual shifts in the nature of the neighborhood. You may not think of a new home as a means to make money, but it's an important investment that requires caution.
â€¢Tip #5: Decide What You're Looking For
Settle on the home features that are important to you (covered parking, hardwood floors, architectural style, etc.) and make an ordered list. Having well established guidelines will help narrow down your search and will prevent you from being shown properties that lack your key amenities. It can help you make the decision not to buy an attractive property that doesn't really fit your needs. My website has a search feature that allows you to filter thousands of listings based on attributes that you select. If you know you want a brick house with gas heat and a garage, you can get the results you're looking for.
â€¢Tip #6: Relax
You don't have to make an offer on the first home you see. Make sure to look at other listings in the area to get a feel for the marketplace. When you decide to make an offer on a house, consult with your real estate professional so that all of your questions are answered.
â€¢Tip #7: Shop Around for Your Mortgage
Deciding on the financing for your home can be as important as choosing a home itself. The first step is deciding what kind of loan best fits you: a fixed rate mortgage, or an Adjustable Rate Mortgage (ARM). There are benefits to each form of loan, and your real estate professional can provide you with more information. Next you'll want to begin to shop around for different lenders.
â€¢Tip #8: Protect Yourself
Be careful when signing a contract on a home that allows you to find financing, have the home inspected, and work through any problem areas that may arise. Paying for a quality home inspection is absolutely crucial! You can save yourself thousands in repair costs by being sure of what you're getting into.
Tammy Hayes, Realtor
Re/Max Palm Realty
Prior to buying or selling people should invest an amount of time becoming informed about their local markets. Knowing what is on the market, the asking prices, and eventual selling prices will help greatly in being able to make an informed decision when the time comes.
Technology and today's real estate websites make it easy for people to access important information. No buyer should pass up this opportunity.
Invest some time becoming informed.
You might want to start working with the lender first and get pre-approved before you start working with an agent, as it will simplify the entire purchase process and will put you and your agent in the best position of strength for contract offers and negotiation.
We offer complimentary pre-approvals.
feel free to contact me anytime.
Senior Loan Consultant
All California Mortgage
A Division of APMC
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
NMLS 304353 - BRE 01380701
It is good idea to find out your own credit scores before you begin as each time you submit your details to lender your credit score can be lowered by 3-5 points. I have a free spreadsheet that helps you calculate for yourself how much you can afford and not be sold something higher than you should buy.
You can get a free credit score from any websites and I can give you those url's. Just send your email so I can respond. BTW, our main office is in Anaheim near 91 freeway and I-5. Looking forward to hearing from you.
Bill Villa Broker President
Villa Realty, Inc.