should I start talking with a real estate agent...?

Question

I want to buy a house within the next two years. where do I begin? Who do I speak to first to help me get started with making sure my credit is on the right track and how much money I would need? I don't know where to start?

Answer 1

First you should go to a bank(pref. your own bank; since they already know you.) and ask them about a home owner's loans and how to go about it.

- Get Your Credit History in check(email me for tips)
- After your Credit is under control, look for lenders(http://www.lendingtree.com) and see how much you can be approved for.
- Do research(what type of home you need(notice I said need), the type of neighborhood( physically go out there and see the area),
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Homebuyers are an anxious lot, eager for useful real estate information. It pays to get yourself acquainted with the steps involved in the purchase of a home.

Here's a list of important things to know before buying a home.

1. The first step is to find out how much you can afford or qualify for. Check your credit report to know your credit worthiness. Clear up problems if any before going to a lender. A good credit rating will result in you receiving lower interest rates.

2. Get pre-approved for a mortgage from a mortgage broker or lender, with a commitment to fund your mortgage in writing. Look out for frequent payment options and prepayment options, which would help knock off some years from your mortgage. And finally, settle for comfortable monthly payments. Once pre-approved for a loan, you will know your price range to begin shopping for real estate.

3. You should buy the real estate that is right for you. Make a wish list of all the specifications you want in your home. Prioritize them based on your wants and needs. Then mark out those aspects that you are willing to compromise on, in case you need to.

4. Get a good, reputable Real Estate Agent to assist you in locating a property in a desirable location. Your Real Estate Agent will know where to help you look for properties, while keeping your preferences and price range in mind.

5. Once your agent provides you with a list of properties that are affordable, you can drive by to check the neighborhood. Look for a house in a location that has good potential for future appreciation. Consider factors like safety, school districts, freeway access, recreational options, work commute time, shopping facilities etc.

6. Check out a sufficient amount of real estate until you develop a sense of comparative value of each neighborhood. Your real estate agent can help you with the valuation.Visiting the localities at different points in time during the day is ideal. This will help narrow down the list. You might want to check during the morning commute, or after dark to verify that the neighborhood suits you.

7. When you have found a house of your choice, compare its price with other houses in the area. Get your real estate agent to assess the value of the home.If all looks good, write an offer!

8. Lastly, consult your real estate agent to be sure that you obtain any professional inspections necessary to answer any questions you may have about the property.Some concerns may include: the condition of the roof, foundation, walls, plumbing, electrical, windows, etc.

Other concerns may be: Is the property in a flood zone, or wildfire area.Is the property subject to Mello-Roos? Are there CC& Rs? Are there any easements on the property, etc.Your professional Real Estate Agent will assist you in answering these and other questions you may have prior to closing escrow on a property.

Answer 2

At this stage, you are premature in speaking with a real estate agent. However, you might start speaking with a lender to determine the condition of your financial situation at this time, so that you can make any necessary changes during the next two years to qualify to purchase a home.

Answer 3

First find out what you can afford to pay for. The bank is a good place to find that answer if you do not know how to fugure it out.

How much down payment you can afford. If you do not have anything to put down then you shold not buy and work hard and save money for a while.

You can talk to an agent at any time to get ideas and help.

Answer 4

Yes, its better if you consult with real estate agents because they can suggest you better as they are updated with latest pricing,demand etc.Cubatic Group is one of the best choice as they are highly skilled and considered experience in real estate.If you want to have not just better, but best deals then contact Cubatic Group.