Are You Ready to Buy a Home?

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Buying a home is one of the largest purchases we make in our lives and a big investment in our futures. Whether you are a first time buyer or an experienced homeowner, the experts at Pam Stanford Homes have the knowledge and expertise to find you your dream home.

 

Here are some things you should know as a buyer in today's market.

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Why is Having an Agent Important (being represented)? 

Buying a home is more complicated than many realize and is a huge financial investment. It takes time, research and a strong knowledge of what to look for. The team at Pam Stanford Homes is trained to simplify the process for you. Once our agents understand your needs and wants, we do the research and find options that will suit your needs. 

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What can you expect from Pam Stanford Homes?​

• We provide our buyers with competitive market analysis on properties.

• We stay up to date with the ever-changing technology and methods to provide our buyer with instant and up to date information throughout the buying process. 

• If we can't find a home in our buyer's desired neighborhood, we contact the current homeowners in that neighborhood notifying them that there is an interested buyer in case anyone has been considering selling.  We also have many connections with other agents and will notify them as well of our buyers interest. 

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Tips for First Time Home Buyers:

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Know Your Credit Score

Your credit score is one of the most important factors when applying for a loan. Along with on-time payments, lenders prefer to see a low utilization rate (a high amount of credit available in proportion to the amount of credit used).  If your utilization rate is on the higher side, talk to your lender about your options. 

 

Organized Your Paperwork

Lenders will require a lot of documentation, such as pay stubs, tax documents, bank statements, proof of funds if you are putting money down. We highly suggest you get organized ahead of time...it will save you a ton of time and lot of headaches.

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Get Pre-Approved

Before you start looking at houses or visiting open houses, make sure you get the pre-approval from your lender.  Pre-approval involves verifying your credit score and income and is your key to start shopping for your home. 

 

Determine Your Wants & Needs

This is one of the largest purchases you will make in your life, so you will want to consider both your wants and your needs (consider longer term needs/wants as well). Make a list with items such as, type of home (condo, single-family home, etc), neighborhood, size, bedrooms, bathrooms and talk with your agent about finding a home with the features on your list.

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Determine Your Budget

Before shopping for a home, it is a good idea to find out what you qualify for (this is the pre-apporval) as well as what you actually want to pay on a monthly basis. Our agents, as well as your lender, can help you determine your down payment and monthly mortgage payment at certain price ranges in easy and understandable terms. 

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You may also download the Homebuyer's Guide for additional

First Time Home Buying tips. 

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