Buy or Sell Preparation
Preparation truly is the key to success. Those who are the most prepared will often get the best deals. Creating to-do lists, and then diligently checking them off as completed, is the way to go.
If you're waiting to enter the market there are a number of ways you can use this time to your advantage.
Here are six things you can do in the meantime.
1. Finances
Take stock of your accounts, assets, and debts, and pull your free credit report. Make sure you’re in good standing to qualify for a loan and make a down payment.
2. Watch the Market
Keep an eye on local home sales where you’re considering buying. This can give you an idea of what you might spend on a home — or how you should price yours when you list it.
3. Save for Moving Expenses
Moving isn’t cheap - especially if you’re going a far distance. Start saving for your movers, trucks, packing supplies, and more.
4. Speak with a Mortgage Lender
Start zeroing in on which lender you might want to go with, and make sure you understand the requirements you’ll need to meet to get a loan. Also, getting pre-approved before beginning your home search, is always the best option.
5. Prioritize Your Needs
If spending more time at home has made you reconsider your living space, take the time to figure out exactly what you’re looking for in a new home.
6. Talk with a REALTOR®
It's never too early to talk with one. There's so much to cover, many forms, representation options, and it gets more complicated when you sell and buy at the same time.
For more ways to prepare for buying or selling a home, get in touch today.
