How do you *actually* buy a house? Well you’re in luck, because over the next few days, I’m going to be sharing with you EXACTLY how to buy your next home.
When most people buy a house, the first thing they do is start scrolling on Zillow. I mean, who can resist all those gorgeous pictures of houses for sale in your neighborhood.
However, there’s a few problems with this.
First, you can’t tour these homes without being pre-approved for a mortgage. You also don’t know if the houses are even within your budget until AFTER a lender tells you how much of a mortgage you can get.
So let’s rewind, back up, and start from the beginning
1️⃣ The FIRST thing you want to do is find a real estate agent. When looking for an agent, choose one who has at least a few recent buyer transactions under their belt, has good reviews, and is communicative with you during the interview process. You also want someone who really understands the specific area YOU want to buy in.
2️⃣ Next, you’ll want to get pre-approved with a lender. A lot of agents will tell you to get preapproved first. However, there’s a lot of lenders and lending programs to choose from, and your real estate agent can help point you in the direction of lenders you can trust.
What does it mean to get “pre-approved?” It’s simply a preliminary evaluation of how much of a mortgage you can afford (aka receive), determined by a lender who looks at your entire financial situation.
Once you choose a real estate agent and get pre-approved with a lender, it’ll be off to the house hunting races we go…
(Stay tuned for my next post about how to survive the home search process!)