Recipe for home ownership this spring

Cooking – photo curtesy of Flicker commons

Home buyers who plan to move this spring or summer should be looking for a home right now. There isn’t much on the market. When a house comes on the market that might be good fit home buyers need to see it right away. There is no wait until next week or wait until tomorrow. The best houses sell quickly and often with multiple offers.

Lunch hours and after work are great times to see houses for sale. Don’t wait for the open house on Sunday. Buyers who are not working with a real estate agent are at a disadvantage as they end up competing with buyers who have agents.

The first step in the home buying process is getting a pre-approval letter from a lender. Offers on houses that do not include pre-approval letters or proof of funds are usually rejected.

Your lender can tell you how much money you will need for a down payment. It is a myth that buyers need to put 20% down. Most buyers make a downpayment of less than 10% and there are programs for downpayment assistance for those who qualify.

Even though it is only January and it is cold outside the spring real estate market it is in full swing.

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