Greater Seminole County Report 7-22-20: When preparing to buy a home in Florida, these valuable tips will help to ensure that the process is smooth and that you find the home of your dreams!
It is Never to Early to Prepare!
Whether you are looking to buy a home now or in the not-too-distant future, you may be wondering where to start. If you know that home buying is in your future it is never too early to begin preparing. Let me share valuable tips that will help you get your home buying experience off to the right start.
Become Familiar with Housing Trends
Research home buying and selling trends in the geographical location you are interested in. How long are homes staying on the market? Are there any price changes that occur while the home sits on the market? Is it a buyer’s market or a seller’s market and what are the future projections? Each week Gitta Sells produces a weekly newsletter for the Greater Seminole County area. This newsletter provides information on the latest trends in Florida’s housing market as well as useful tips for home buyers and sellers!
How Much Are You Comfortable with Spending on a Home?
Take into account your annual household income and expenses when determining how much home you can afford to purchase. Talking with lenders will help to get an idea of how much money you can borrow. Lenders will review your financial documents and let you know how much they are willing to lend you. This is also known as becoming pre-qualified. Becoming prequalified tells you what price range to look in.
Partnering with a Real Estate Agent
This is the most important tip when it comes to preparing to buy a home. The right realtor has an in-depth knowledge of the current state of the housing market. They know every step of the home buying process including how to best negotiate with sellers. Their familiarity with the area you are interested in means that they typically have access to homes for sale that aren’t necessarily available to the general public. Think of your Realtor as your partner on the inside who can help you get your dream home for the best price. The best part is that it doesn’t cost you a dime, because it is the seller who must pay a commission to the Realtor and not the buyer.
Gitta Sells and Associates has over 30 years of experience helping buyers find the perfect homes to fit their needs! We would love to help you find yours! Feel free to contact me with any questions you may have at email@example.com or 407-330-2181. Until next week, happy home buying and stay safe!
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