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How To Prepare For Buying Real Estate in 2018

If you’re planning on buying real estate in 2018, now is the perfect time to start preparing. Before you begin your search for the perfect real estate purchase, there are a few steps you should take in order to make the processes go smoothly.

Meet With Potential Real Estate Agents

Do your research, don’t just go with the first real estate agent you meet. Find someone who is experienced, understands what you’re looking for, and knows the process thoroughly. You want to hire someone you enjoy working with and that you have confidence in. Choose someone who knows the area you’re looking in like the back of their hand.

Learn Your Credit Score

It’s always smart to be aware of your credit score, especially before you take the plunge into buying real estate. The better your credit score is, the better your interest rates will be when applying for a loan. Credit scores range from 300 to 850, and the higher it is the better. Today there are many free tools online that allow you to get your credit score.

Find A Mortgage Lender

A mortgage lender provides people with loans to buy homes. Before you even begin to browse homes on the market, meet with a mortgage lender to find out what your price range is. You don’t want to get your hopes up before knowing what your budget will be.

Get Pre-approved

The last thing you need to do before you start your house hunt is to get pre-approved! To get pre-approved for a loan, you’ll need the following:

  • A few months worth of paycheck stubs
  • Your tax returns from the past two years
  • Your w-2 forms from the past two years
  • Proof of mortgage or rent payments from the past year
  • A list of all your debts
  • A list of all your assets