Imagine this scenario. You plan to buy a home, and notice one you like in a great location. You call for an appointment, and drive straight to the home to take a look. You like it, pull out your checkbook, and write a check for $136,000. As you leave, you think to yourself "Homebuying is fun, and easy too!"
Do you see any holes in this idealistic story? Does it seem just a little too easy? Of course it does!
Most home buyers look at more than one home before making their purchase decision. They want to compare features, amenities and price to find the best value. To do this, they must identify a selection of homes in their preferred location which match their housing objectives.
Locating a suitable selection of homes requires comparison by location, architectural style, lot size, bedrooms, baths, condition, amenities, and numerous other criteria. Each home must be seen individually to measure the value offered vs. the price asked. The process can be daunting.
Rarely, if ever, does a buyer write a check on the spot to purchase a home. Even when paying cash, the transaction takes time to allow for a title search, survey, appraisal, and other necessary activities to protect the buyers.
More often than not, buyers choose to borrow a large part of the purchase price. This requires going through the qualification process including verification of income and employment, as well as a credit check. Certain ratios must also be met to qualify for the various available mortgages.
To enjoy the home buying process, and keep it simple, choose Jill & Herb to make it all come together. They will research the market for suitable homes, and arrange a prequalification interview with a mortgage lender. You will breath easier, and be in your new home sooner than expected.