Despite the excitement, buying a home is a complicated process—that’s why so many homebuyers hire a real estate agent. Having an expert to navigate the situation can expedite the transaction and relieve the stress of the process. To help, the staff at Coldwell Banker Yost Real Estate in Bluefield, WV, want to answer common questions they receive from homebuyers. This will help you better prepare for the process so you can buy confidently.
5 FAQs Homebuyers Ask Real Estate Agents
How Do I Recognize a Good Deal?
Finding a bargain requires research, but it also depends on what you’re looking for. The home has to meet your immediate and future needs, but also needs to have qualities that assure appreciation in the coming years. If you find a home you like, look at similar ones in the area to see how their value has changed over the years.
Should I Get Pre-Approved for Financing?
Unless you’re paying in cash, you’ll need a mortgage loan. Getting pre-approval is essential because it will give you an idea of how much you can spend. Speak with your bank and consult with a real estate agent to see if they have other financial recommendations.
What Should My Credit Score Be?
The industry standard for getting a home loan is 620 or higher. If your credit is lower than that, you may have trouble securing a good loan that will allow you to afford a home you want. If you have credit trouble, do everything you can to raise your score before you start looking at homes for sale.
How Many Homes Should I View?
While there’s no definite answer to this question, it’s important to be thorough. First-time buyers often get emotionally attached to the first home they like, when, in reality, there are better deals. The best thing to do is to make a favorites list, gradually trim it down, and compare the homes until you’re certain you’ve found the best deal.
Should I Schedule a Home Inspection Before I Buy?
No one wants to purchase a home only to find out there are a number of hidden issues. It’s imperative to schedule an inspection before buying. This will ensure there are no underlying problems that will cost you later. Your real estate agent may have preferred home inspectors, so speak with them about options.
If you’re interested in buying a home, turn to the professionals at Coldwell Banker Yost Real Estate. They offer comprehensive homebuying services, and a real estate agent will help you find the deal that meets all your needs. Call (304) 327-9678 today to schedule a consultation and visit their website and Facebook to learn more about their services.