7 Tips On How You Can Prepare For Your 2018 Home Search

Dated: December 12 2017

Views: 304

Today, I’d like to share seven tips you’ll need to keep in mind to buy a home in 2018.

1.
Check your credit score. Your credit score is basically a numerical representation of your credit report. FICO credit scores range from 300 and 850. Having good credit is like gold when it comes to getting a mortgage. Those with credit higher than 740 will get the most competitive rates.
2. D
o not open new credit cards. Opening up new lines of credit could damage your score, which would be detrimental to your overall purchasing power.
3. C
onsider asking for financial gifts for the holidays. Instead of requesting a tangible item, asking for a monetary gift could help you make progress toward your down payment and closing costs.
4. St
art shopping for a real estate agent. Ideally, you should find someone who is knowledgeable and has experience in your area. You want someone who will work in your best interest and will be loyal to you.
5. W
atch interest rates. Keeping an eye on trends pertaining to interest rates can help you stay on top of what’s going on in the market. Be sure to pay attention to government actions that may have an impact on rates.
6.
Find a good mortgage lender. Your Realtor should be able to provide you with a good recommendation for lenders.

7. G
et a pre-approval letter. This will demonstrate to any seller that you not only have the desire, but also the ability to purchase a home. When a market is trending toward sellers, demonstrating your qualifications as a buyer is very important.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

This Blog courtesy of Will Cook, Will Cook Group, Keller Williams Luxury Homes, Palm Springs, CA  | BRE # 01879277

© 2017 Will Cook Group. All Rights Reserved

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Will Cook

Ranked in the top 1% of all agents valley wide and named one of the Palm Springs Life Top Realtors for 2019, 2020, 2021, and 2022; Will is an Associate Broker/Team Leader of the WILL COOK GROUP with K....

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