Assumedly, you are serious about being a homeowner someday. If so, here are my â€œTop 4â€ bits of advice to guide to a successful outcome:
1) Find a professional RealtorÂ® to work with to protect you interests.
Simply put, your RealtorÂ® will be able to answer initial key questions and guide you through the process. One of the key advantages of involving your RealtorÂ® is access to seasoned Mortgage Broker/Bankers with a track record of getting the job done. You can check to make sure an Agent is a RealtorÂ® by going here: http://www.realtor.org/rofindrealtor.nsf/pages/FS_FREALTOR?O
2) Obtain a "True Pre-Approval" (your most important step in my opinion).
You MAY need to improve your credit score, increase cash reserves, etc. before buying; however, at least you will have a roadmap to eventually purchasing if this is the case. Furthermore, this step can save you from wasting money on a purchase that does not close escrow!
3) Make sure you obtain access to your local AND regional RealtorÂ® MLS data via an automated search your RealtorÂ® should most certainly create for you; here's why:
MLS Data Accuracy â€“ Where to search if youâ€™re â€œwithout RealtorÂ®â€
4) Avoid Dual Agency!
There are specific duties an Agent must provide. When one individual represents both Buyer and Seller conflict between two of the most important duties occur.
If you're actively looking to buy, may I suggest that you engage a realtor to help you. There is a way to notify you automatically every time a property meeting your requirements becomes available for sale -- as a new listing, or when the price changes, or when it comes back to market. Realtors can also use ListingBook -- and you can customize the search criteria any time you want.
Let me know if this is something you would like to use and I can set it up for you. No charge.