Before You Buy: What To Know About Buying A Home

If you have ever wanted to know more about financing a home, short-sell homes, or how to become a homebuyer in general, read on! At Trademark Home Buyers, we can help you to learn about all of the ins and outs of being a first-time home buyer and what it takes to get the home of your dreams. Getting into your first home can be exciting and scary all at once. Give us a call today to learn more.

Have Enough Money for a Down Payment

Having the right amount of money in the bank for your down payment can help you get into a home that you truly want. Most home buyers are required to put down at least 20% on their homes. This can amount to quite a bit of cash depending on your location. Make sure that you know how much money you need to save up to get into a home before you start shopping.

What About Short Sell Homes?

This can be a way to get a really nice house for a really good price but it comes with some complications. These homes are being sold at a loss to get the owner out from under a payment they cannot make any longer. Due to this, the home might be in bad repair and you might have to wait for a long time to get into the house due to all the paperwork that is associated with this process.

Picking a Mortgage You Can Afford

You should always make sure that you think about how much you can afford to pay for a mortgage before you buy. Always assume that a mortgage will be more than you expect due to added fees and charges that might crop up during the purchase process. You should make sure that you are not ending up with a mortgage you cannot afford easily.

Get Your Credit Right

Buying a home with bad credit is very difficult, if not impossible. You should make sure that you and anyone who is going to sign for the home with you has their credit in order before you start the mortgage process. There can be many stumbling blocks that are associated with bad credit when trying to buy a home and you can avoid them by having your credit organized before you apply.

Preparation is Key for Home Buying

Buying a home can be stressful and it can take a long time. You want to be sure that you are completely prepared before you apply to help save you some stress and wasted time. Work with us at Trademark Home Buyers Charleston for your next home shopping need and enjoy a great home buying experience.