Written by Rhonda Jarvis
Making a major decision takes time.
There are facts to consider, research to be done and time to ruminate is absolutely necessary. Ruminating over the facts and research but also over the emotional side of this decision; “Am I ready for this step?”
We cannot help you ruminate but we can help direct you to facts and research that will help you through this process.
It is the opinion of this writer that one must take time to consider their budget. Lenders and financial experts have differing opinions but usually the percentage of income to house payment can be 25-35%. Take the time to study your expenditures so you can find the size house payment you would be comfortable making.
Proceed then to a lender.
If you are confident in your budget analysis they can get your pre-qualified for the amount needed and help you find a price range. If you are less than confident in your budget analysis most local lenders (see blog ‘Detour’ above) can help you come to a decision about payment size then proceed to pre-qualification.
Upon getting pre-qualified call a reputable real estate agency. This writer is confident that Stovall Realtors is the best place to start. When you find an agent you are comfortable with (read previous blogs for suggestions in this consideration) share with them your budget and begin to make your wish list for your future home.
Wish lists are just that, wishes. Many can come true, rarely do all.
Trust your agent.
When I was an active agent clients would many times come in and say, we want this neighborhood only, or we want only a new house thus limiting the homes with their main criteria. Some were flexible enough to trust me as an agent to see a home that may suit them but was in a similar neighborhood, not their preferred. Some would get offended and feel I wasn’t listening to their wishes, which wasn’t the case.
Agents study the market and want to help you find a home that will make as many wishes on your list come true as possible. Talk to them, tell them what you want but trust them to want to help you.
To read Part 3, click here.
To read our previous blog, click here.