Searching For A Few Serious Home Buyers
If you want to buy a home next year you need to start now. I am looking for a few serious home buyers who are willing to do whatever it takes to become a homeowner. Over the course of the year I have had so called “serious” buyers make a haphazard attempt to purchase a home. I have people coming to me who have not worked on their credit or don’t have a desire to work on their credit. Also, there are other prospective home buyers who have started the process too late which leads to a turbulent road to homeownership. Furthermore, there are individuals who get overwhelmed and they don’t want to provide the documentation and information to secure financing on the biggest purchase of their life…a home.
I am not going to sugar coat the fact that getting a home loan these days is somewhat grueling and you need determination and grit to make the dream of owning a home a reality. You can’t get scared and run off when you are faced with a little adversity. I know you have heard of the “digital mortgage” and you have seen commercials of clicking a button and instantaneously you are rocketed into a new dimension and presto your loan is approved. Nothing could be further from the truth, especially with first time home buyer programs. There are a lot of forms and documentation as well a ton of processing required to get your loan approved and closed on your new home.
In the near future, it may get more difficult to buy a home. Rents will continue to skyrocket which will make it more difficult to save for a down payment and/or closing costs, home prices and interest rates will rise which will make purchasing a home less affordable, and the loan guidelines may get stricter which will create another barrier to homeownership. You must make the decision to start the home buying process now if you want to be in your dream home within 6 months to a year. It is critical to to get pre-approved for the first time home buyer program and we can refer you to a good Realtor to assist you in your home search. The home buying process make take a little while and there needs to be some flexibility on the features you want in a home but we will get you in the door.
I have so many buyers coming to me after finding a home who need to move right now but they haven’t talked to a first time home buyer specialist such as myself and gotten pre-approved several months earlier. Some of them think they are well qualified because they have great jobs and good credit but there are many other factors to address when securing a home loan. For instance, you need to provide bank statements and there shouldn’t be any large deposits or overdraft fees. Many buyers think they can just get a gift from their parents and dump thousands of dollars into their bank account with no questions asked by the lender. This is not true! Also, your loan may get denied if you have overdraft fees because it shows financial mis-management on your part. There are so many hidden obstacles which can destroy your chances of getting approved for the program if you don’t address them early in the process.
The moral of the story is you need to get off your butt today if you want to buy a home in the next several months. We are first time home buyer program experts and we can guide you through this complex process and show you what needs to be done to escape the rent trap. You must be willing to take direction and provide us what we need to get you approved for the program. Fill out the full pre-approval application and get us your income documentation and we can get you pre-approved right away. If you don’t qualify for the program now then we will create an action plan which will get you in your new home as quickly as possible. Remember what Charles Dickens said, “Procrasination is the thief of time, collar him.”