As you prepare to buy a home, you’ll likely hear advice from many different people. Everyone has their own ideas on the best way to execute a real estate purchase, but those who know best are the agents who have worked with buyers for many years. To help you out, the professionals at Gilbert Realty discuss a few little-known insider tips that they share with their clients in Mountain Home, AR.  

A Savvy Guide to Buying a House

1. Take Six Months to Financially Prep

Six months before you start looking for homes, order a copy of your credit report and review it for mistakes. Errors are more common than most realize, and you want to leave enough time to have them rectified. It’s also smart to build up your savings. Avoid major purchases, moving money around, or big lifestyle changes like quitting your job during this period. All the prep will also play in your favor when you have to get a loan.

2. Get a Pre-Approval, Not Prequalified

Many first-time real estate buyers make the mistake of getting prequalified for a loan and think they’re ready to start looking at homes. Unfortunately, anyone can get prequalified. The pre-approval process is much more thorough, and a lender will tell you exactly how much they’re willing to give you. They can provide you with a pre-approval letter, which you can send in with any offers you make, proving to the sellers that you have the funds to back up your bid.

3. Do Your Research

If you’re seriously considering buying, take advantage of escrow to do your research. The small upfront cost is well worth avoiding some unpleasant surprises later. First, hire a home inspector to find any potential issues with the house. The report may indicate problems that encourage you to back out, give you bargaining ammunition, or offer peace of mind that the property is in top condition. Second, have a survey done, so you know where the property lines are and what the taxes will be.

If you’re thinking about buying real estate in the Ozarks and Mountain Home area, call Gilbert Realty at (870) 425-6282. Their licensed brokers and agents will provide you with helpful resources and set you up with a personalized property search. You can begin your search for everything from commercial to lakefront options by visiting them online.