The Home Purchase Process
Step 2: Figuring Out What You Can Afford
Now that you know what you want, it's time to see what you
can afford. You can start by crunching the numbers yourself
using our oconee home mortgage calculator.
When you're
ready to move to the next step, you can get pre-approved
for a mortgage. This process can often be performed in
under an hour and it accomplishes two important goals.
First, it will tell you how much house you can afford
and what your monthly payments would be. Second, it tells
the seller that you can afford to buy their home. By definition,
a pre-approved buyer has an approved mortgage subject
to an appraisal of the property. Many times a buyer can
use this pre-approved status as leverage during the negotiation
process. If you have not yet arranged financing, We have
several local lenders available to assist you in the pre-approval
process.
Start by creating a prioritized list of
features you want in your next home and the reasons
why. Use it as your search guide, but remember that
depending on your funding, you will probably need to
make some compromises. In addition, talk or email me
about where you want to live and your homes requirements.
Location is a huge part of any move. Burton Realty professionals
are trained to help their clients narrow down their
choices by sharing market trends and local information
like neighborhood statistics and community links.
>next step
Step 1: Defining What You Want
Step 2: Figuring Out What You Can Afford
Step 3: Shopping For Homes
Step 4: Making An Offer
Step 5: Inspection & Insurance
Step 6: The Final Closing
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