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BUYERS’ GUIDE TO GETTING STARTED

It’s a good idea to think about your needs and wants in your new home. Don’t forget to factor in your next few years and any anticipated changes, such as starting a family! Use this list as a starting point:

After you’ve determined what you want, it’s a good idea to place these features in the order of importance. You may not have to make choices, but having a prioritized list will help you should the occasion arise.

WHAT ARE YOU LOOKING FOR?

Home Type Single Family Detached Duplex Condo/Townhome Apartment Other __________________

Lot Features Large Yard Small Yard Fenced Yard Garage Patio/Deck Pool Outdoor Spa Extra Parking Other __________________

Interior Features Air Conditioning Flooring: _______________ Walk-in Closets Extensive counter space Fireplace Basement Other __________________

Community Features School District Priority Local Parks Freeway Proximity Walkable Bikeable Other __________________

You can get pre-approved for a loan before actually beginning your search or having a REALTOR®. If you aren’t paying in cash, being pre-approved for a loan gives you clout and strengthens your position when you are ready to make an offer.

Even before you speak with a lender, consider these tips to get help get your financial house in order:

IMPROVE YOUR CREDIT SCORE. The better your credit, the better the lending terms you’ll receive. Reduce your debt-to-income ratio, pay bills on time, and make sure all the information stated on your credit report from the three major institutions (Equifax, Transunion and Experian) is correct.

SAVE FOR A DOWN PAYMENT. A larger down payment can make a huge difference in the amount of interest you will pay. It can also save you on Private Mortgage Insurance (PMI), which is a monthly fee that lenders often require if you put less than 20% down on a home.

THINK TWICE BEFORE BIG FINANCIAL CHANGES. This includes a new car, opening new lines of credit, co-signing on a loan, or taking on any additional debt.

PREPARE FINANCIALLY

Your agent will be your guide and advocate during your real estate process and it’s crucial that you feel comfortable and connected.

RESEARCH. Before selecting an agent, check them out through Google, Yelp/other review sites, and speaking with past clients.

INTERVIEW. Agents should provide guidance on the real estate process, and will also address any questions you might have. Make sure you feel comfortable and have a rapport that allows for a successful business relationship.

MATCH THEIR EXPERIENCE TO YOUR GOALS. Are you a first-time buyer? Investor? Looking at the luxury market or in a specific neighborhood? Make sure that you are comfortable with their capabilities.

SET EXPECTATIONS. What type and frequency of communication do you prefer? How often do you wish to view homes and on what days? Outline your needs.

CHECK THEIR SUPPORT. Does the agent work on a team or have support? Office staff and in-house services make a big difference in the level of service an agent can provide.

CHOOSE YOUR REALTOR®