Ready to Buy Your 1st Home? Our Moving Company Offers some Tips!
With the right knowledge, buying your first home doesn’t have to be overwhelming or stressful. Here are four timely pieces of sage advice to help your first home purchase go as smoothly as possible.
Establish a budget and stick to it.
Before you start doing things like shopping homes or comparing packing and moving companies, take a step back and look at the big picture. How much you can realistically and safely afford to spend, based on your savings, expected income, risk profile and other factors? Money Under 30 recommends that your mortgage payment not exceed 28% of your gross income. If you aren’t sure what you can afford and you need extra help, talk to a local mortgage lender.
A pre-approval letter is a useful asset when you begin negotiating your home’s purchase price. Obtain a pre-approval letter from the lender of your choice before you begin home shopping. This way you can narrow down your search to homes that are within your range without worrying about whether or not you will be approved once you find a home that you love.
Ask for an inspection.
Once you have found the home of your dreams, don’t call an Oakland moving company until after a professional has inspected the home for hidden structural damage, elements that need to be repaired, environmental contamination and other red flags. In addition to protecting you and your family from health problems this inspection can help you identify future repair needs to factor into your budget planning.
The home-buying process can be long and arduous, even if you prepare and do your homework. Finding and closing on the right home can take months. Be patient, but also try to speed things up by responding to all of your lender’s requests promptly and find a realtor who will make you feel like their only customer.
Ready to Move to Your New Home? Call Our Bay Area Residential Moving Company
Buying a home in the Bay Area (or moving out to purchase a property elsewhere) can be an exhilarating and nervy experience. The Bay Area residential movers at Movers N Shakers are ready to help. Leverage our muscle and experience to enjoy a stress-free move. Get a free quote online by clicking here or give us a call today at 877-797-4253 for help planning your moving and packing.