Thinking About Buying Your First Home ?...
Buying your first home is one of the biggest Investment you will ever make . The key to making the experience fun and fulfilling is to make sure you are prepared before you start your search . Now you may ask , what do I need to do to get ready ? Where do I start ? Let me cover some of the most important steps .
Are you credit worthy ? Your credit is the biggest factor when getting approved for a mortgage loan . Your score is not the only factor taken into consideration , your credit history also plays an important part in the approval process
Get pre-approved for a loan It is highly recommended that you work with a licensed lender to get pre-approved before you begin house hunting . Pre-approval will tell you how much house you can afford and can help you move faster and with greater confidence in this competitive market . Be prepared to present documents like tax returns , pay stubs , bank statement , etc .
Prepaid Expenses & Closing Cost required It is imperative that there is cash available in reserves to pay for your inspection , appraisal , and good faith deposit . These fees are required after a contract is accepted and are upfront expenses required prior to closing on a property . These fees are required within a specific time frame of contract execution . Don ’ t be caught off guard with the closing cost required . The amount needed and what that entails should be discussed with your mortgage lender prior to starting your search .
Make sure your timing is taken into consideration . Are you currently in a lease ? When does your lease expire ? How much time does your lender need to process your loan ? Is the property you are considering a short sale ?
For further information or discussion about the homebuying process , please contact Nesterine Blair , Broker , Blair Realty Group , Inc . 407-210-3944 .
Hire a reputable Real Estate Agent This is the only time you will be able to hire someone without paying them ( in most cases ). A very reputable Real Estate Agent has your best interest at heart , knows the market conditions and can guide you when it comes to the time to decide on the right house for you and your family . www . BlairRealtyGroup . Com
“ Our Experience Will Be Your Best Investment ."
FINANCIAL SERVICES REAL ESTATE
We specialize in helping individuals , families , and small business owners who are typically overlooked by the traditional financial services industry .
“ Our goal is to ensure that everyone has the tools they need to achieve the financial future they choose .”
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• Financial Education
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PROPERTIES FOR :
• First Time Home Buyers
• Relocations - US & International
• Investment Properties
• Second Homes
• Short Sales & Foreclosures
Nesterine Blair
Real Estate Broker
4725 5401 S W . Kirkman Sand Lake Rd Rd , Suite , 310 Orlando , Florida FL 32819 32819
VISIT US AT : www . blairrealtygroup . com
( 321 ) 438-6228 nblair @ blairrealtygroup . com
Volume 3 • Issue 3 | 2017 37