Buying your first home is an exciting step, but it's not exactly something you can do on impulse. The complexity of the legal system and the large sums of money involved mean that most transactions will take some careful planning and professional expertise. Steve Butcher Sr., Esq., an experienced real estate attorney in Rochester, knows how overwhelming buying a home can be. Here, his office would like to offer a guide to preparing for the biggest financial transaction of your life.
When you're getting ready to buy a home, they recommend:
- Cleaning Up Your Credit: Your credit score has a major impact on your ability to get a loan and the interest rate you'll be paying. Reviewing your credit report now for inaccuracies and mistakes now can potentially save you tens of thousands of dollars over the course of your mortgage.
- Getting Pre-Approved: Dealing with the mortgage paperwork before you go house hunting will not only help you avoid stress later, it also puts you in a stronger position to negotiate with buyers and set a budget you'll be comfortable with.
- Hiring A Real Estate Agent: An agent will have the local market expertise to find properties you can afford in neighborhoods you'll love to live in. The agent's fees are typically paid by the seller, so there's truly no downside to hiring someone to help you buy a home.
- Finding a Real Estate Attorney: An agent knows the market, but only a skilled real estate attorney can provide legal expertise, review the contract, and thoroughly protect your interests. Having an attorney is so important that many states, including New York, require you to have one oversee the transaction when you're buying or selling a house.
Purchasing your first home is an important step for many people, so turn to a real estate attorney with the expertise to help you avoid the most common pitfalls of this complex process. Visit Steve Butcher Sr., Esq. online to learn more about his years of experience and transparent pricing, or call (585) 263-2444 for a free phone consultation today.