Ready to ditch renting and invest in your own home??
Rental prices are soaring and it may be time to invest in your first home. Here are a few important things to consider:
1. Get pre-approved for a mortgage. Before you start house hunting, it's crucial to know what you can afford. Getting pre-approved for a mortgage will give you a realistic idea of your budget and keep you from falling in love with a home that is out of reach. Before you head off to the bank, you will need to have certain documents for a mortgage pre-approval in Florida:
- Proof of Income and Employment.
- Records of Assets. ...
- List of Monthly Debt Payments.
- Records of Other Expenditures and Financial Events.
There are many options to find your loan. Here is one: Bestonlinemortgageloan.com
2. Inspections are a Must!
It is important to have a home inspection before you close on a property. This can reveal any hidden issues or repairs that need to be made, potentially saving you thousands of dollars down the line. For example: How old is the roof and how old do the insurance companies require it to be before replacement? Be sure to check all owner documentation thoroughly.
3. Closing Costs: Closing costs can be a real surprise for first time buyers. Be sure to factor them in to your budget so you're not caught off guard. Your real estate agent can help you estimate these costs.
4. Location: That old saying is true. The location of your home can impact your daily life, commute time and future resale value. Think about what matters most to you before you start looking at properties. It doesn't hurt to do a drive by in the evening or on the weekends to see what living at your future home may be like.
Need some help? Give me a call or text.
Happy Hunting!
Shannon Katz, REALTOR
Century 21 Circle, Indialantic, FL
970-366-7644 c.
shannon.katz@c21circle.com
