Buying a Home in Hinesville/ Ft. Stewart: What's The Process?
One of the first questions a new client will ask me when we're just starting out is, "What's the process for buying a home? How do we get started?" I'm always a bit surprised at just how little some people understand about the whole thing; to be fair, that's probably because I'm around it ALL THE TIME. The average person will probably buy a home only a few times in their lives. And that process is a tad different in every state, so it's not that big of a deal if you're a little lost. That's where I come in. Over the next few weeks, I want to share with you the most important steps in purchasing a home. And if you're purchasing here, near Ft. Stewart? You know who to call.
Okay, so Step #1, also known as the most important step ever: GET PRE-QUALIFIED! For every client I have that admits to being completely clueless about the home buying process, I get 10 others who come armed with a list of 10 homes they want to see as well as there "wants" and "don't-wants" already mapped out. But what they always forget about is the pre-qualification stage. Speaking with a lender BEFORE you start your search is super-important because it lets you know exactly where you stand financially, You'll know BEFORE you fall in love with that 200k, 3000 square foot home with the gorgeous granite counter-tops if you can afford it. And if you can't? No harm, now foul and you haven't wasted your time looking at homes that are way out of your price range.
So you're probably thinking, "Well, I can just use one of those online calculators to figure out my mortgage payment." The short response? Yes, you can. But the thing to remember with those pesky calculators, is they sometimes automatically factor in a 3% down-payment. If you're a soldier/ active duty family member and you're reading this, you're most likely taking advantage of the awesome, zero-down VA guaranteed loan. So that 3% won't necessarily apply to you. (Go here for an accurate idea of what a specific monthly payment will look like),
**Helpful Hint: Looking to purchase within the next year? You may also want to check out the Homes for Heroes. It's a national program that offers rebate/ discounts for military buyers. (There are a few other groups too, so it's worth taking a look whether you're military or not). So that's it for now! Can't wait for Part 2 of the Home Buying Process in Hinesville/ Ft. Stewart series? Register here and request a one-on-one appointment!
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