Whether you’re a first-time home buyer or a seasoned real estate investor, buying a home is an exciting process. However, there’s also a lot to consider when you decide to buy. The Boise valley is one of the most desirable places to live in the country! That creates a competitive real estate market. With the help of the right real estate agent you can be prepared before you shop making the process go smoothly.
What do I want? Take the time to figure out what type of property you want to buy. From single-family and multi-family homes to condos and co-ops, there are many different options on the market and it’s important to choose the type that best fits your needs. Figuring out the town or neighborhood you want to live in is equally important. While a property might have all of the amenities you’re looking for, factors like crime rate and proximity to highways can impact the overall home-owning experience. A good idea is to list out and prioritize your needs (e.g. large backyard, great school system) before you begin your search.
What can I afford? The rule of thumb is that you should never spend more than 30% of your monthly income on a mortgage payment.For a more tailored look at what you can afford, contact me for a list of preferred lenders who go over your financial situation in detail and provide you with an accurate picture of what a mortgage would look like for you and your family.
Why do I need to be Pre-Approved? There is a difference between being pre-qualified and pre-approved for a home loan. With pre-qualification, you’ll supply an overview of your financial history to the lender, including income, assets, debts, and credit score. The lender will review this information to give you an estimate of what you would qualify for. Mortgage pre-approval is very similar, but it requires documentation and verification of your income, assets, and debts. And it will require a credit check. You want to be pre-approved before looking for a home. This will save you, the agent and the seller time. By having a pre-approval letter in hand, you have the ability to put in a strong offer on a home and this could set you apart from other buyers. This is a great advantage in a competitive market like Boise, Idaho. If you need a lender, please contact me for a list of preferred lenders that I work with.
Do I need a real estate agent? No. You need an advocate. I serve my clients, I don’t sell my clients. This means that your needs are my top priority and I focus on trust and building a relationship with you that empowers you to make informed decisions. Real estate transactions can be complicated with home inspections, appraisals and multiple offers. I guide you through the process advising you on the best options every step of the way. Contact me today. I look forward to starting this journey with you.