You should start looking NOW due to your lease being up in August as most closings can take up to 2 months.
Nothing is more frustrating for Buyers and Realtors to be floundering. It works best if your Realtor know that you are ready and able to purchase.
Be open with a Realtor. If you have no idea when you are moving then have them set you up on a drip campaign to send you new and updated listings in the areas you are interested in.
I cannot stress enough being pre-approved or having cash ready, especially these days when it is a nightmare to get a mortgage. There is nothing worse than falling in Love with a property and then finding out a month later that underwriting has turned you down!
If you have any further questions, I can assist you.
August 9th is just around the corner. You should begin looking for a realtor now.
You can always ask friends and family for referrals.
Trulia a great resource to find an agent. Read agent blog posts and answers to questions. It will give a you a glimpse into the agent's way of doing business.
The agent can also get you referred to a lender to get pre approved for a loan.
I wish you the best of success!!!!!
Kawain Payne, Realtor
You should start by looking at your credit scores now to determine where you are at and if they need any form of improvement prior to you beginning to look for that dream home in June.
Going shopping for a mortgage. It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also help if you can get â€œpre-approvedâ€ for the amount youâ€™d like to borrow. This means the lender has looked over your credit and financial statement and agreed to lend you the money. Sellers like pre-approved buyers because thereâ€™s less risk the deal wonâ€™t go through. First, youâ€™ll find out how much you can borrow, which has a lot to do with how much house you can buy. After all Relators do not make the decision on if you can buy a home or not.
Whether youâ€™re, buying, or building your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage. If you are already working with a lender, donâ€™t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to loose but your money?
Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.
I look forward to working with you!
16800 N. Dallas Pkwy, Suite 290 | Dallas, TX 75248
Office: 972-646-2411 | Cell: 214-418-7022 | Fax: 214-614-4637
Bank of England /dba ENG Lending: NMLS# 418481
Assuming you are not paying cash, the first thing the professional Realtor will do is make sure you are pre-approved by a reputable lender. Many agents and sellers now require proof of funds or pre-approval before they will consent to scheduling a showing. After all, what would be the point of looking at homes you would not be eligible to purchase? For example, if you are pre-approved specifically for an FHA mortgage, many many properties will not be suitable for your search. For example, most condos in this area cannot be financed through FHA loans. Why set yourself up for disappointment?
You have a reasonable time line if you start now. August is not that far away, in real estate transaction terms. Assume the search process will take several weeks, negotiations turning an offer into a contract typically take a week. Although most can close in 30 days or less, mortgage officers suggest requesting 45 days to close, in case there are any unforeseen issues. Unforeseen issues can be the buyer failing to produce required documentation in a timely manner, or the property not appraising for the offer price, or conditions interfering with the property's ability to be insured.
Do not hinge too much on closing on a home and ending your lease simultaneously. It can't hurt to have a discussion with the landlord to find out your options if you close quickly or if you could continue the lease on a month-to-month basis, should the situation call for it. That gives the landlord or management company fair notice about when they will need to be looking for new tenants. You can try to negotiate with the seller on this point as well, but if you are competing with other offers, if the seller is anxious to close as soon as possible, trying to extend the closing date for your convenience is not going to put you in a good negotiating position.
If you absolutely have to have a home by lease end, if renting month-to-month is not an option, DO NOT even consider making an offer on a short sale. Short sale end dates are unpredictable. Every offer to purchase for less than is owed by the seller is considered by the lien holders on its own merits. The investors who funded the first mortgage, second mortgage and other liens all must agree to the terms. And the seller has to cooperate all the way to the closing table.
I hope this helped to answer your question. You are about to embark on what will be a huge roller coaster ride. Keep your focus and know that someday, soon, you will be able to look back with satisfaction.
At your service!
Elaine Cloud Goller
RealtorÂ® Certified SFRÂ® & BPORÂ®*
Taking the drama out of real estate
* Short Sale & Foreclosure ResourceÂ® and Broker Price Opinion ResourceÂ®
are certifications earned through specialized education and experience and are among the few recognized by the National Association of RealtorsÂ®
Cell: (727) 235-8719
Office: (727) 367-3756
Fax: (727) 367-6170
Keller Williams Realty - Suncoast
263 Corey Avenue, St. Pete Beach FL 33706
Each office is independently owned & operated
Once you place an offer it could be a few days to get accepted if it is a normal resale, If a foreclosure it could be 7 to 10 days, and if a short-sale it could be several months (so look like short-sales should not be part of your plan). Also remember that not all offers placed will be accepted.
Having a good Realtor working at your side will make the process much easier. Go to the "Find a Pro" button on the Trulia green bar above. Then search by zip code, and find a few local agents, contact them and see who you are more comfortable with based on their responses and reviews. Don't go at it alone, the services of a buyers agent are always free of cost. Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".
La Rosa Realty
Liane Jamason, REALTOR
Jamason Realty Group
Smith & Associates Real Estate
You should interview several agents first and pick the one you feel the most comfortable with. Then you should get pre-approved and share your Realtor's info with your lender because they need to be able to communicate with each other to maximize the services each bring you.
The lender will tell you and your Realtor your financing limit and actually provide each of you a letter indicating so.
Then tell your agent all your needs and all your wishes and let them search potential matches for you.
From there you will have your agent set up showings of the properties you are interested in.
It should be an enjoyable experience, so do the first thing right and be very picky who you select as your agent, that's the key.
Kevin Cloutier, Realtor
A HouseSOLD Name
Southern Premier Realty