Patti Olivas 5 Tips To Purchase A Home In 2021
When it comes to looking for a house, it could be a daunting task trying to find the right balance between what your personal needs are in a home, and the personal needs of your family and loved ones. In fact, looking and moving into a home is one of the most stressful events that can occur in somebody’s lifetime. That’s why at Dan Olivas and Associates, we came prepared with some guides, tips, and tricks so that you can find your right home with confidence and certainty.
5 Tips For A Home
Patti Olivas 5 Tips To Purchase A Home In 2021
- Manage Your Expenses and Budget
This one may seem obvious, but there are certain aspects of this step that leave many confused and wondering. It’s known that you have to save a certain percentage of your money for a down payment of a home, but it’s not as commonly talked about that you also need to save a certain percentage on closed costs when you first purchase a house. You also need to be adamant that when you get a loan for your new home, that you’re not spending past your budget. Our rule-of-thumb is to never spend more than 30% of your income on housing.
- Know Your Credit Score
Whether we like to admit it or not, our credit score really matters in the things that we want. It is one of the few things that follow us throughout our lives and stick with us to the very end. That’s why it’s important that you check and maintain your credit score as mortgage lenders look at these scores to determine if you are eligible for a home loan. It also helps to have an excellent credit score as this also determines how high or low your interest rates will be for your home.
- Find A Considerate Realtor
Nothing makes finding a home easier than when you have a good realtor. When you are searching for a good realtor, you should look for somebody who works for you and truly understands your wants and needs in a new home. Somebody who understands the real estate market and the areas you are interested in. Who won’t sell you a house for a quick buck, but to actually find you a home that you could feel comfortable in for the rest of your life. That’s why Team Olivas will continue reaching these standards for you, so that you can find your home with comfort and ease.
- Look At Your Surroundings
Now that you have a budget and are able to take out a home loan, you could now start looking for a home. The interior and exterior of a home are big influences in making your decision, but also look at the neighborhood your house will be in. This is critical as the placing of your house really determines the quality of your time there for years to come. You should find a neighborhood that adheres to you and your family’s needs, that’s in reach of all your convenience wants, and that it steers away from any disturbances (such as traffic, noises, etc.).
- A Final Offer
Once you find the home that meets all your requirements, it’s officially time to make an offer. Remember, make sure you offer a price that you and your family could afford and that you’ll still live comfortably in. With the help of us and your real estate agent though, we’ll make this final transition easy by setting up a complete offer package that includes your price offer, proof of income, and preapproved letters so that we give you the highest chance of being in your new dream home. 5 Tips For A Home
