Buying a home is an exciting but often overwhelming experience, particularly if you are buying your first home. As your REALTOR®, I can help you through the home-buying process and assure that you find the right home, at the right price. Contact me and let me know your needs, whether you are buying or selling.

All homebuyers have a number of concerns, all of which I can help you with:

Setting a Time Frame
A typical home search process may take three to four months, including the mortgage approval process, comparing and evaluating properties, making an offer and the closing process. The loan process typically takes 30-45 days.

The Lending Process
Perhaps one of the most intimidating aspects of buying a home is the mortgage approval process. There are many ways you can prepare early to make the process go smoothly. Start by making sure your budget is under control—make a list of all your monthly expenses, compare it with your income, and see if adjustments need to be made. You should also try to pay off small credit card balances. Start gathering documents you may need, such as W-2 forms, income tax returns for the past few years, pay stubs, records of child support or alimony, bank statements for the past several months, and your credit report. Also, be sure to allow for closing costs. Getting several offers will allow you to compare loans and get the best deal.

Determining How Much You Can Afford
A general guideline to consider is that most buyers purchase a home that costs about one and a half to two and half times their current annual income. For example, someone earning $50,000 a year might purchase a home for $75,000 to $125,000. Mortgage payments should be about 26-28 percent of your gross monthly income. Existing debt is also considered in the mortgage process.

Finding a Home That Meets Your Needs and Wants
Before you start looking at properties, make a list of “must-have” features along with optional features you’d like to have. “Must-have” features may include the number of bedrooms and bathrooms you’ll need to accommodate your family, location (consider commute to work, which schools your children will attend, etc.), lot size and special needs (handicapped access, etc.). Optional features may include the architectural styling, bay windows, landscaping, etc. Having a clear idea of what you want in a home will help your REALTOR® find the perfect property for you.

Let me help you with this big decision. Contact me and let me work for you.