There’s nothing more disheartening than an unforeseen bumpy road while on your way to purchase a home in Walla Walla, WA. However, working with Blue Mountain Realtors will help turn this bumpy road into a smooth one. We will help ensure that your real estate transaction is a fun and exciting new adventure for you and your family. When you work with competent and dependable real estate agents, you can save an enormous amount of time and money.
Our team at Blue Mountain Realtors can help you successfully purchase your home in a moment’s notice. Today’s real estate market is fast-paced, so you should have an agent that matches it. Once you decide to become a homeowner, where do you begin? Here are some things to consider before you shop for your dream home.
Learn the financing basics. Learning the financing basics can help you out immensely with your purchasing transaction. One thing that is necessary for you to know is the difference between getting pre-qualified and pre-approved. Getting pre-qualified is the easiest step of the mortgage loan process, and it’s also the initial step as well. According to Investopedia, getting pre-qualified is when “You supply a bank or lender with your overall financial picture, including your debt, income and assets.” Pre-approval means that you have taken all of the necessary paperwork to your lender, and you have been approved for a specific amount on your mortgage loan.
Research your mortgage options. You have a few different mortgage options to choose from. The first is a fixed-rate mortgage. A fixed-rate mortgage ensures that the interest rate on your mortgage loan remains the same throughout the loan term. This can be helpful if you are looking for stability, however you might end up spending more money than you would with an adjustable-rate mortgage. According to Investopedia, an adjustable-rate mortgage (ARM) “...is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan.” If you would like to figure out which loan is the best for you, feel free to ask one of our Blue Mountain Realtors. Even if you’re looking for Walla Walla ranches for sale, you’ll need help deciding on your mortgage.
Hire a buyer’s agent. Hiring a buyer’s agent from Blue Mountain Realtors is worth more than just a good night’s sleep, it’s also worth peace of mind. We can help you facilitate the purchase of your next Walla Walla home, and we can also save you a lot of money. We are ready to help you get into the home of your dreams.
Start setting aside money now. Do you know how much money you’ll need to save up for your home costs? If you need help figuring it out, use our mortgage calculator tool. Now is the best time to start saving any extra money that you have so that you can build your down payment.
When you start shopping, this is the time to already know what it is you’re looking for. Knowing how many bathrooms and bedrooms you would like in a home is a great start, but it’s not all you need to consider when buying a home. You need to consider commute time, nearby schools, the closeness of civilization, and more.
Figure out which neighborhood is right for you. Before you decide which home you would like to buy, you need to consider what neighborhood you would like to live in as well. Do you have specific needs or considerations? Take some afternoon drives or strolls down Walla Walla neighborhood streets to get a better idea of the area. To find out more about the city, visit the City of Walla Walla website.
Keep an open mind. A particular home you were interested in may seem unattractive now, but be sure it’s because of the layout of the home and not something like a fresh coat of paint. One out-dated shade of paint can change your view on a home, but if you can look past it, you could find the perfect home for you and your family.
Submit a strong offer. Submitting a strong offer can be the difference between getting the home of your dreams, and being rejected. However, submitting an offer that is neither too high or too low can be very tricky. Your best bet is to get expert advice from the dedicated agents at Blue Mountain Realtors.
Read the fine print. Reading through your entire contract from beginning to end may seem tedious, but it is very important. From regulations to housing authority covenants to contingencies, there are so many items that could leave you with a surprise after closing if you’re not diligent. Look over your contracts and contingencies and make sure you’re happy with the considerations.
Get your agreements in writing. As always, it’s imperative that you get all agreements in writing. Your documents will be invaluable as a reference later if you need them.