Home Buyers: “I’m interested in purchasing a home. Where do I start?”
- First – Get a good Realtor
If you don’t have a Realtor, find a good one, who puts your needs first. Your Realtor will help you navigate the maze of buying and/or selling real estate. If you live in the Cincinnati, Ohio area and need a Realtor who is trust-worthy and puts your needs first, contact me – Kevin Horne, a Sibcy Cline Realtor at (513)307-6637 or email me at email@example.com
- Get a Mortgage Lender to help you take an inventory of your current financial situation. Determine your total monthly household gross income, income after taxes, and total expenses and share with your lender. If you don’t have or know a mortgage lender, you Realtor help you find a good one. Your mortgage lender will want to know your FICO or Experian credit score, which is an important determinate of your ability to secure a home loan. Your lender can obtain your credit score for you, or you can get it from many free online services, such as credit Karma, FICO, Experian, etc. Knowing your credit score is an important first step in understanding whether or not you can qualify for a home loan. This score along with monthly expense and income will help your lender determine the maximum monthly payment, affordable home price, and maximum home loan amount. Most importantly, you will learn the amount of monthly home mortgage payments with which you feel comfortable and the associated range of home prices that fits your budget.If you are not comfortable with finance, budgeting, or don’t have a lender, again contact your Realtor who can help you discern relevant information or refer you to a financial professional who can assist.
- Start your home search. After lender prequalification, you are now ready begin your home search. Armed with the knowledge of what you can afford, you can now determine your desired location and home style bases on your personal and family priorities. With work-place, school, recreation, area amenities, and personal preferences in mind you can now narrow your location preference and begin your home search.
Numerous online realtor and/or broker websites and resources are available to search areas, home sizes, price ranges, school districts, etc. However, use caution when searching online. some websites like Trulia or Zillow are geared toward acquiring consumer contact data to provide sales leads to Realtors for a price. As such, consumers and Real Estate Agents often report that Zillow’s “Zestimates” are inaccurate and misleading in assessing home values. Even so, they have enormous influence, market presence, and consumer popularity. “The Zestimate® home valuation is Zillow’s estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate is calculated from public and user-submitted data, taking into account special features, location, and market conditions.” Feb 7, 2017 Google search result
- Avoid pitfalls associated with online searches. Your Realtor can set up an accurate and automatic home search that emails MLS listings directly to you as they become available. If you live in Cincinnati, OH area you can visit my Home Search page, sign up, and have access to custom searches CLICK HERE to search for properties in the Cincinnati Ohio MLS area.
If you are interested in buying a home and live in the Cincinnati, Ohio or Suburban Cincinnati area including Mason, West Chester, Liberty Twp., Monroe, Montgomery, Lebanon, etc., don’t hesitate to contact me – Kevin Horne, and I will be glad to help you develop a plan to achieve your real estate goals.
Kevin Horne, Realtor (513)307-6637, firstname.lastname@example.org.
©2017 Kevin Horne, HorneWorks LLC, and Sibcy Cline®, Inc. All rights reserved. All Information is believed accurate, but is NOT guaranteed. Serving Greater Cincinnati, Greater Dayton, Northern Kentucky and Southeast Indiana