Buying a new home can be scary, but with the right process, it should be exciting. There are many considerations that come with buying a new home, including acquiring a real estate agent. Finding a good agent can help save you some of the stress that comes with purchasing a new home. So what are some good strategies before and during your search for homes for sale in Pasadena, CA?
Before the Search
It may sound obvious, but purchasing a home requires a lot of money. What may not be as obvious is all of the factors that can add to the cost, which is why it is important to make up a list of your current finances and income to find out what you can afford in a new home. Besides the purchasing price and down payment, you will also need to consider the cost of utilities for the new home, closing costs, interests, taxes, and extra spending that comes with a new home, such as yard upkeep and house repairs. You should also check your credit report and have any mistakes corrected. Your credit score can affect your ability to not only acquire a better interest rate on a mortgage, but could determine your chances of getting a loan in the first place. Getting pre-approved for a home loan is also helpful. Pre-approval, which is different than pre-qualifying, will best determine what exactly you can and cannot afford for a new home.
Once you have your number from your mortgage preapproval, it is time to find an agent. A real estate agent should be familiar with the area you are shopping in, as well as taking all of your needs and wants in a new home into consideration. A good agent will also be able to help you sort through the paperwork, including establishing a fair offer once you find a desirable house. Make sure to have a list of things you are looking for in a home, such as location, features, number of bedrooms and bathrooms, yard size, and more, making sure to consider which are â€œmust havesâ€ and what you can do without, if needed. When viewing homes for sale in Pasadena, CA, make sure to take notes on what you liked and didnâ€™t like about each property to help aide you in the decision process later.