Monday, February 8, 2016

5 Steps To Follow As a Lexington Homebuyer

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.

Theresa D'Antuono

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