If you’re a first-time home buyer — or even if it’s just been a while since you last purchased a home — it’s good to have a foundation of knowledge to help you through the buying process. If you’re looking at homes in Chelsea AL, there are certain things you need to know and do in advance in order to get the best home for you — including working with Scotch Homes!
First off, make sure your credit is good. You can do this through contacting the three nationwide consumer credit report companies, Equifax, Experian, and TransUnion. They will provide you with a free copy of your credit report and FICO scores once a year upon request. Each company has differing criteria, so most lenders use the average or middle score for their main reference. While it’s ok to have some debt and available credit, you don’t want to be making any big purchases, such as a car, during this period, as lenders pay attention to how much debt you currently have.
Next up, get pre-approved from a mortgage lender. This is vital, because it helps you understand just how much you have available for purchasing a home. You will have a clear picture of just how much you can spend on your new home. Pre-approval requires some paperwork, but gives you and the home seller firmer footing, as it’s much clearer that you will be approved for a loan and that it’s typically just a matter of finalizing paperwork. It also means the final sale process will be able to move more quickly.
While you’re looking at loans, don’t forget to check out any programs that may benefit you, including federal, state, and local incentives. There are some benefits for first-time buyers, benefits for those who have served in the military, and other benefits available. Because benefits and programs can vary by community, check your local Housing and Urban Development website to see if there’s anything appropriate for you.
Once you know how much you have to spend on a home, it’s important to think carefully about what you really need in a home versus what you want. There does need to be some crossover; a home that technically meets your needs, but doesn’t appeal to you, isn’t a home that will make you happy. Do you want one or two stories? How many bedrooms do you need? Do you need a home office space or a flex room that allows you to do home schooling or gives the kids a space of their own to relax and play? Do you need a good school system? When you have a clear idea of what you want and need, it makes it easier for you and your agent to find a house that best fits your lifestyle.
At some point during this whole process, you’re going to want to find a qualified agent to help you through this process. You can probably wait until you’re closer to seriously starting the search, though it’s still a good idea to meet with multiple agents and find one who seems to best understand your needs. An agent may be able to make some recommendations in a variety of home buying aspects that you may not have considered. A good agent should be a fountain of knowledge and be able to tell you not just about the home, but also the community.
If you are ready to start looking at homes in Chelsea AL, a brand new home can be an excellent investment. The fact that they are new construction means you have less to worry about regarding expensive surprise repairs for many years to come, especially when you have a warranty. Plus, newer homes are built to a higher quality, using more contemporary building materials and practices that make your home more energy efficient, saving you money right away. Buying your first home is a big deal, so why not buy a home that makes you feel confident, secure and happy. Contact Scotch Homes today to find just such a home.Tags: homebuilder in chelsea al, homes for sale in Chelsea AL, new homes in Chelsea AL
This post was written by Scotch Homes