How To Buy A House
Preparing to buy a home in Nashville or any where else requires careful consideration as it can be a very meticulous process and one of the biggest financial investments that most will ever make.
If you are looking for guidance in the process and would like to consultant with a real estate professional serving the Middle Tennessee area; please schedule a no obligation buyer consultation using our online scheduler at by clicking here.
Before you take the plunge listed below are three things you should consider before
starting the process of becoming a home owner.
Buying A House
1. Evaluate Your Credit
What has your credit history been like in the last year? Do you have open credit accounts? If yes, have you paid those accounts on time? Do you have multiple credit accounts with high balances? If you are unsure about your current credit status it is best to consult with a mortgage professional. The right mortgage professional can give you guidance for your current credit status and could put you on the right path to home ownership.
If you know you have not handled your finances well, take the necessary steps to improve your past and current accounts.
2. Is this the right time for you to make a real estate purchase?
Every individual’s situation is different, but starts with these questions. Is your current employment or business stable? Are you generating enough verifiable income consistency to take on the expenses of homeownership? Are you planning a career or job change? Are you planning to remain in the area long enough to benefit from the purchase?
3. How strong is your savings plan?
There are several reasons why having a strong savings account is important before starting the home buying process. The stronger your savings account the more favorable your lender will consider you as a mortgage loan candidate. Funds from your savings account can be used for down payment and closing costs. You will also need funds for an earnest money deposit , home inspections, the appraisal cost, and the expense of moving.
Steps To Buying A House
If you are a first time home buyer there may be down paymet and closing cost assistance available to help you acquire a new home, however there will be other cost that will require funds from you.
Purchasing a home does require some serious consideration and preparation. It is our goal to be a premier real estate source for individuals that are looking to buy a home in the Middle Tennessee area.
Are you a member of our Savvy Homebuyers tribe?
Membership has its advantages. Members of our Savvy Homebuyers Tribe will receive a copy of our “Things to Do before Applying for a Mortgage Checklist” within 5 days of joining us. It is a comprehensive checklist of things you can do to better position yourself as a mortgage candidate. Other benefits include tips and valuable information you need to avoid common home buying pitfalls, exclusive home buying budgeting tips, and private webinar sessions.
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