2. Never too early to start looking. Unless you know exactly where you want to live, it's a good of idea to drive around different areas at different times of day to get a feel for what neighborhood life is like.
3. 60 to 75 days before your lease expires, start looking at homes. That sounds like a long time but many landlords want tenants to renew their lease no later than 30 days before expiration so they can either lock you in for another year or give you 30-notice. (it happens). This way you have a good chance to be in a transaction at the 30-day mark and you can tell your landlord you're moving. You don't want to be negotiating a purchase when the 30-day deadline hits.
4. Make sure you work with a Realtor and loan officer who are experienced, patient, and understanding. (Like me!)
These are simple steps but they worked for recent clients of mine that are enjoying their new home!
I have a great loan officer I work directly with who will shoot you straight. Don't rely on a realtor for financial advise since the lending options and restrictions change daily. I can get you set up for free with realistic options so you will in a position to act when the time is right. Also he can give you advice on how to prepare over the next several months.
Call or email me anytime.
Nathan Beckey, Realtor (m) 817.691.602 (e) email@example.com
More Options. More Results.
If you have any doubt about what the legal aspects are be sure to hire an attorney. However, in Texas we have standardized forms we are required to use that are written in layman's terms. If you would like an example of all the forms you will be required to sign I will send the blank ones so you can take your time to review, discuss, and decide if you want to hire an attorney.
There are certain things that are handled by attorneys during the process like the title review making sure you have a clear title to your home. Hiring a separate attorney for this may be redundant.
Finding a real estate attorney to review contracts etc. is a separate issue and encouraged should you not understand the forms you are signing.
I go over it with you as you are signing but am not an attorney and cannot give legal advice.
If you are wanting a search for mineral rights you need an oil and gas attorney.
If you want me to send you all the forms you will be signing I will be glad to email them.
Just send your email address to : firstname.lastname@example.org or text your email address to me with a short note. 817 980-1047
You have some wonderful answers to give you ideas about how to proceed.
The others here are correct in that at this point you should start building a team around you to help you with the process. Your first hire should be a REALTOR to help you set your goals, determine your wants and needs, and help you identify other key people to help you purchase your home.
Since you have credit questions your REALTOR will start by putting you and your fiance` together with Mortgage Lenders to help you understand the financing that is available to you.
The best advice I can give you is take your time! The resale market is moving extremely fast so there is not a point in looking at homes unless you are ready to buy and close within the next 45 days. Use the time now to work with a mortgage lender and to work with your REALTOR on determining the most important things to you and your fiance` and set realistic time frames for looking, buying, and closing.
An example is:
If your lease is up in January you should plan on closing on your new home at least 2 weeks prior to your lease ending. Doing this will give you time to smoothly transition from one home to the next.
Your REALTOR should work with you on exact time frames to purchase and close based on the home you purchase.
If you have any other questions or would like to speak further please contact me directly at 817-729-4281 or email@example.com
Keller Williams Realty
1. Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
2. Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.
3. Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
4. Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
Feel free to contact me directly in order to help secure your future. I will make sure you're ready prior to Jan. I will save you both time and money.
Keller Williams Realty
Real Estate Consultant/3xUS Army Vet
Start serious looking this fall, but in the meantime, look online or call me and I'll set up a personalized search for you...becoming familar with the market over the next few weeks will help you recognize a terrific deal when you are seriously looking.
I love the NRH/Watauga area. I'd love to help you any way I can. I'm here to help!
Small World Realty (locally owned with nationwide reach)
1.) Get started with the loan process with a lender that won't lead you on and then give you a surprise at the end. After 33 years in the business I have seen them all. Call me for references on this if you like.
2.) Talk to Realtors and make a decision who you are going to hire to get the job done for you. Don't just start looking without someone to represent you that you feel comfortable with.
3) After signing with a Realtor to do the job and getting a prequalification from the loan officer the search begins. Your Realtor will be able to send searches that match your specific criteria i.e. Area, Schools, Price, Square Footage etc. Even though you may not be ready to move yet it is a great help to start seeing these places online, check out the neighborhoods etc. so you will be a more informed buyer. If you want to buy and move out of your apartment at the same time it is probably a good thing to wait until November to get in the car and go inside homes. Inventories are low at this time so the homes priced right are selling fast and when you go look you need to be ready to write the contract to close in 45 days or less. However looking online at what your Realtor sends you will help you see what you get for you want to spend.
I have 33 years experience and work the area you are interested in. I work with several very reputable loan officers and will be honored to be interviewed for the job. I also have references !!
From what you have said it doesnâ€™t look you should have much problem getting prequalified for a loan. You need a minimum of a 640 credit score to qualify for an FHA loan. You should contact a lender right away. If there is a problem they can tell you what you need to do to get your credit score up between now and the first of the year.
As far as looking for a home whatâ€™s on the market now probably wonâ€™t be on the market when you are ready to buy in December. I would state looking on line now just to give you an idea of whatâ€™s out there in your price range. The end of September first of November I would start really looking.
Thanks for Your Question,
Keller Williams Realty
Shelly Sierra, REALTORÂ®
Accredited Buyer Representative
Licensed Associate Broker
William Raveis Legends Realty Group
Fadal -Buchanan and Associates Real Estate Services