April has arrived and those who are wanting to move during the summer months have started the process. As buyers they are visiting open houses, driving through neighborhoods they want to live in to get a first hand look at what is available, as well as viewing homes with their agents. Sellers have spruced up their homes and put them on the market with the hopes of attracting the buyer who is looking for a home just like theirs.
Buyers want to be sure their credit is in order prior to starting the process. Be aware of the requirements of the different types of mortgage loans available. Do you have money saved for a down payment and closing costs? If you are renting, when is your lease up? Is there a penalty for breaking your lease early, or can you do a month to month lease, if you haven’t found your new home by the time your lease is up?
As a seller you should be aware of lender requirements of the home for the various mortgage products. Ask if you Realtor has requested preliminary title work on the home. In my opinion (and this is only my opinion) it’s best to order preliminary title work as soon as your home is listed. That way if anything concerning shows up, it can be addressed early in the process rather than possibly delaying a closing. Have you had a Pre-Listing Home Inspection? While not necessary it certainly is something to consider. If there are any issues discovered on the inspection, they can be corrected, and it may end up saving you money in the long run.
Obviously there is much more to consider when purchasing or selling a home. If you or anyone you know is considering, buying, building or selling, feel free to contact me for a no obligation, free consultation to discuss the process.
Dawn Whalen, Realtor
Keller Williams Realty
Serving Your Family’s Needs First!
317-459-5182 cell
317-893-0648 office
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