Buying a home is often considered one of the most stressful things you will do in your life. Unless you're a real estate investor, you will most likely experience home buyer stress.
You can help your Santa Cruz real estate agent find you a home, and successfully close the deal, if you are as prepared and knowledgeable as possible. Here are a few tips to help you be ready and make your transition as painless and stress free as possible.
Have all of your financial records in order. This includes:
• Income records: You usually need two recent pay stubs. If you are self-employed, it will get trickier. Want to be even more prepared? Get pre-approved for your mortgage.
• A clean credit report: Make use of those free credit reports and check for errors, outstanding debts, and a high debt-to-income ratio. If you find any errors, it's worth your time to get them fixed prior to applying for a loan or searching for a home.
• Know what you want: As unusual as that seems, not knowing specifically what you need and want in a new home can prolong the search and have you and your agent running in circles trying to find the right home. Price is only one of the considerations. Know how many bathrooms and bedrooms you need. If there are specific amenities you desire, let them be known. Don't wait until you've traveled all over the countryside looking at homes to tell your Santa Cruz real estate agent you absolutely must have a sunken tub.
Read up on everything you can find that will help you understand the options available to you and what you need to get financing and you will be your own best asset in finding the perfect home. Making your Santa Cruz real estate agent work smarter, not harder, is the way to a beneficial arrangement for you both.
If you’re looking for the home of your dreams, I can help. Call me at 831.662.6522, or email me at Lauren@LaurenSpencer.com for more information.