Call Or Text Us Anytime 425-754-1168

Do This Before Searching For A Home In Bothell

Table of Contents

Do This Before Searching For A Home In Bothell

#1 – Get Organized

Much of the process is dependent on individual timelines. However, there is one that impacts you directly – securing your loan. When you go to secure your loan, the mortgage lender will do a deep dive into your personal finances. They’ll look at your bank statements, outstanding loans, investments, debt-to-income ratio, and credit scores (to name a few). Save yourself time on the front end of the process by getting all of these documents organized in one place (including any gift letters for a down payment or closing costs). That way, you won’t hold up the lender by searching for necessary documents.

#2 – Get Pre-Approved

Getting pre-approved for a loan is crucial for a smooth home-buying process. It means that a lender has looked into your financials (see above) and is willing to give you a reliable estimate of how much you can offer on the home you’d like to purchase. These days, you can’t write a competitive offer on a home without attaching a pre-approval letter, so make sure to get this letter soon!

#3 – Avoid Big Life Changes

So much of your control in the escrow timeline relies on your financial decisions, past, present, and future. Big life changes and decisions that can impact your ability to secure a loan include things like marriage, divorce, a change in careers, big purchases, and new debts (like that new car you’ve been eyeing or the vacation you’ll pay off later). These can put a financial strain on you or negatively impact your credit score, slowing the closing on a home.

#4 – Work with a Trusted Real Estate Agent

You need someone who will care about your home-buying experience as much as you do. Having a trusted expert in your corner will help this process run smoothly. The best real estate agents understand what they’re looking at when they tour homes and know how to advocate on your behalf not only to the selling agent – but to you too. Great agents want to make sure you’re confident in your purchase. They will often be able to recommend appraisers, inspectors, and lenders. Still, you should know they are separate from all of these individuals. Your agent’s goal should be facilitating a smooth closing and offering their knowledge as a responsive, honest, and enthusiastic expert – this is a huge deal, after all!

Do This Before Searching For A Home In Bothell
Picture of msgrealestate

msgrealestate

Experienced Realtor ready to make your dreams comes to realty. As a local market expert, I stay ahead of trends and developments in the area as I am also an investor. I provide my clients with valuable insights to make informed decisions. Selling a property? I utilize innovative marketing strategies to showcase your home to the widest possible audience. From professional photography and virtual tours to targeted online and offline marketing campaigns, I go above and beyond to ensure your property receives the attention it deserves. Whether you’re buying, selling, or simply exploring, I am here to help.