The realtors here at Beach Loop Realty are happy to help you find a home in Bandon, OR. We love helping people find their dream home and get through the process with as little stress as possible. Here are a few tips we have for buying a home.
Tips For Buying A Home in Bandon, Oregon
When buying a home there’s a lot going inside your head. From location to schools to travel to work, do you want granite or quartz countertops? It can be overwhelming. Here’s a breakdown of the best way to attack the home buying process.
Get Pre-Qualified For a Loan
The first step in getting a loan is to sit down with a mortgage lender and go through a pre-approval process. Ahead of time, you will want to do this first so you know what your budget is, because you may qualify for a higher loan amount than you can afford. The 2008 housing crash was caused because banks loaned people money for houses they couldn’t afford.
Know what you want to pay per month for your mortgage and stay firm. The bank will run a credit report or you can have them do something called manual underwriting. That’s when they check how likely you are to be able to pay. Say you don’t have a credit score, but you make $80,000 a year and have no debt, manual underride will show that you can afford a house.
Get in Touch With Our Realtors For Buying a Home
Our realtors are happy to work with buyers at any stage of the process. Once you know what your price range is, we’ll start putting together a list of homes that you can view. Every time a new house goes on the market that matches your criteria, we’ll send you an update.
Here are a few things you can expect from our realtors:
We’re here to teach you and guide you through this process not pressure you into a purchase.
We want to ask questions about your wants and needs.
Our realtors work hard to find you the right home.
Make a List of Priorities in a Home
Make a list of all your priorities. What will fit your needs for the next five to ten years? The idea of a forever home is great, but forcing in your needs is the best way to approach your house purchase.
Now that you have the price range you’re looking for you need to narrow down those wants and needs. Also, another thing to think of when purchasing a home is its resale ability.
Searching For a Home
Now that you’ve figured out what you want and need and how much it’s time to start looking! We’ll start sending you the houses that are best for your needs. You’ll get daily updates of what’s come on the market in your area.
Going to see the houses is always fun and our realtors will be available to meet you when it works for you and the seller. We’ll take you back to see the house as often as you need to get an idea of whether it is right for you.
Putting in an Offer on a House
Once you find that perfect home, we’ll help you put in an offer and draft the paperwork. We’ll work directly with the seller’s real estate agent to make the process go through smoothly. There may be some back and forth until we get the deal closed. But, no one will sign the contract and move forward until everyone is in agreement.
Contact us Today Before Buying a Home
Contact the realtors at Beach Loop today! We’re ready to help you buy a house in Bandon, OR. We look forward to working with you.