Top 6 Essential Home Buying Tips This 2016

Top 6 Essential Home Buying Tips This 2016

 

Are you looking to buy homes in South Tampa this year? Remember that purchasing a home is one of the most significant financial decisions that you will make in your lifetime. Here are some things that you should keep in mind if you want to get the best deals this 2016:

1. Be financially ready

Before you start shopping for South Tampa homes for sale, make sure that your current debts are under control. Your bills should be fully paid or at least paid on time. Improving your credit score will help you secure a good deal on a home loan. You also need to prepare cash for the down payment. Be disciplined and save as much as you can to ensure that you can meet the minimum down payment. If possible, you may also consider paying more than the minimum requirement. The more money you have saved, the larger the down payment you can afford, which also means smaller monthly mortgage payments. You need to make sure that your finances are in good shape before buying a home.

2. Avoid costly changes

Once you have committed to buying a home, you have to work on disciplining yourself when it comes to your finances and credit. This is not the time for extravagant purchases. As much as possible, refrain from opening a new credit line, changing jobs, and moving funds around accounts. These changes can raise a red flag with lenders and ruin your chances of getting a loan. Work on keeping your credit and funds constant as you move toward the closing day.

3. Be patient

Make necessary plans and adjustments because getting to the closing table might take a little longer than usual this year. Keep in mind that a longer closings window can affect everything from purchase contract to interest rate locks. It might also affect your closing costs and coordinating your move.

4. Remember that money isn’t always everything

If you have attractive financing such as a pre-approved loan from a reliable lender or a large down payment, don’t hesitate to inform the seller of South Tampa area real estate for sale. If you can close on the seller’s schedule, do so as it will give you some leverage. It would also help if you tug at a few heartstrings by writing a letter explaining what the house means to you. It can help you get the home you want if other buyers are interested in it, too.

5. Get a professional’s advice

As a homebuyer, you may have some questions you won’t know the answers to. Find an experienced real estate professional who can guide you through the home buying process. Getting professional assistance will not only give you answers, you will also save time from doing some of the real estate transactions yourself.

6. Establish a connection

Buying and selling a home can be a sensitive matter. In some cases, the sellers are concerned about the intent of the buyer. Sellers often have an emotional attachment to their homes. If you can establish an emotional connection and be clear about your desire to occupy the property, the seller might favor you over an investor who plans to make major changes and rent or resell the property.

Consider these tips before your jump into the home buying experience this 2016. Visit http://www.TampaTodayRealEstate.com today for more helpful tips on home selling and home buying.

If you are looking for dedicated and hardworking Tampa FL Realtors then call me, Mary G. Diaz, today at 813 245-9677. I can provide you with fast and reliable assistance in finding or selling homes in South Tampa. With my extensive knowledge and experience in selling luxury properties in the area, I can assist you in making the best choice.