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| Lexington Home-Buying Steps |
Are you ready to buy a Lexington home? Now is the time!
Mortgage rates have been falling for weeks now, and according to Zillow, they
have dropped to the lowest level since 2013. Rates are still predicted to start
rising later this year though, along with home prices. The sooner you begin the
home-buying process, the better!
As your Lexington real estate agent, I am here to help you
every step of the way, until you have the keys to your new Lexington home in
your hands! To help you plan ahead, here’s a rundown of some of the home-buying
steps you’ll have to work through:
1. Check your credit score/report. Before you meet with a
mortgage lender, you’ll want to check your credit score and your credit report.
If your score is low, you might want to work on increasing it before applying for a
mortgage. If your report has errors on it, you’ll want to get those fixed,
which can take a long time. The sooner you begin, the better!
2. Get preapproved. Once your credit score and report are in
satisfying shape, meet with numerous mortgage lenders in the area to get
preapproved. It’s recommended that you meet with at least three, to see what
options you’re offered before you accept one. By completing this step first,
you’ll know what you can afford, and sellers will take you more seriously.
3. Find a real estate agent. If you try to buy a Lexington home
without an agent, you won’t see all of the homes available on the market, you
won’t have someone to get you in for showings, and you won’t have someone
leading you through all the steps, negotiating for you and supporting you ever
step of the way. The whole process is so much easier with an agent, and that’s
what we’re here for!
4. Search for homes. You’ll want to choose a house and a
location that will suit your needs now, but also years to come. Search the
internet for homes, and use your agent to help you find the homes that fit your
needs and budget. Once you narrow your search down to the homes that interest
you most, your agent can set up showings to see the homes in person.
5. Do an inspection. Once you find the home that interests you
most, make sure to set up a home inspection before making any offers. You want
to make sure the home is in safe condition, and if there are any repairs or
renovations needed, we can come up with closing terms that meet
your satisfaction.
Once you’re through all of these steps, you can make an
offer! As your Lexington real estate agent, I will be with you every step of
the way to answer questions, offer my assistance and recommendations, and help
you negotiate a final offering price based on home prices in the area and
inspection results.
When ready to get started with your home-buying process,
contact me! Let’s achieve your dreams this year in the Lexington real estate market.
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