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Friday, 24 May 2019
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This Old House - Do-it-Yourself

Thinking of Buying Your First Home? Here’s What You Need to Know

Written by Posted On Thursday, 30 August 2018 01:02

You’re getting older. You may be starting a family. You have established yourself at your job and are actually making some decent money (while hopefully saving some as well). It may feel like it’s about time to take the next step forward and make one of the biggest investments in your life – buying a house.

Know Your Credit Score & Debt to Income Ratio

Every single person is in a different situation, with different credit. Some have thousands of dollars in student loans, doctor bills, and others maxxed out credit cards that can be dragging their credit score down. Many loan companies do not base loan approvals on debt to income ratios, but more on your credit score and outstanding balances. If you don’t know what your credit score is, I suggest going to a free credit score website, entering your information, and getting an idea of where your financial situation may sit.

You Need to get Prequalified

You’re thinking to yourself, what does this even mean? Prequalified for a home? For a mortgage? To make an offer on a house? How much house can I afford? All great questions. Find a mortgage company that knows what they’re doing and reach out for information. Companies like Offerpad Home Loans is a good starting point, you can apply online through a few short steps, and then you’ll receive a call within an hour after submission to discuss your options.

Agent or No Agent?

That is the question. You want to look at available homes on the market but not even sure where to start. Having a real estate agent can be very helpful to see every house on the market, but there are companies out there where you can buy a house directly from. Well, make it easy on yourself (and your wallet) by searching available houses for sale near you, and find your dream home in just minutes.

Make the Offer on Your Dream Home

So you’ve been all over the Offerpad website and finding available homes for sale near you, and boom! You found it. Your dream home. You know you’re qualified for it, and you can see you creating lifelong memories with your family inside its walls. Make the offer on the home, and an Offerpad representative will be in touch with you shortly to finalize the contract and move into escrow.

We wish you the best of luck in your search of available houses near you and also in the future with finding your new dream home. You can do it, we believe in you, stick to the plan and stay on track for that upcoming home sale.

Listing Additional Info

  • State: California
  • Address: Avlon park
  • City: Avlon
  • Zipcode: 08242
  • SOLD: no
  • MLS #: 4452639875
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