Preparation is Key – What to do first
The key to a successful real estate transaction is preparation. Real estate is probably going to be one of the largest financial decisions of your life. First and for most is to find a mortgager you can trust and fell confident in. This does not have to be your bank you are currently dealing with it can be a different bank or a mortgage broker. Once you have found your mortgage adviser you need to discuss Options of a Down Payment 5%, 10%,20%, Interest Rates, Amortization ( length of time) and what will suit your personal financial situation. Once you have submitted all your financials you will get a pre-approved which is your budget for you to know the price range to start shopping for your Dream Home.
When You Are Ready
You will need a Partner in finding you the perfect home and a real estate professional is that person. They can help educate you on this ever changing market and guide you every step of the way. It is important to have an open relationship with your agent so they can help you through a sometimes daunting and complex process. Involve your family and friends for support when wanting to purchase your first home or down sizing but with laws and regulations continuously changing make sure you have the confidence in your Agent’s ability, is so very important.