Tips For Buyers – Dream Castle

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Tips For Buyers

Tips For Buyers

Determine your price point

Home Cost at a high level includes Mortgage (loan), Down payment, Closing Cost
Most Industry Experts recommend that your house payments (mortgage, maintenance, taxes) should not exceed 28% of your gross monthly income.

Secure a Pre-qualification letter from your Lender

Once you decide your price point the next step is to secure a pre-qualification letter from a Lender
The lender / Bank will assess your credit history, Income, and other factors to determine the maximum loan that you can qualify for
Based on your employment they can also suggest you if you qualify for a FHA, VA or conventional loan

Hire a Local Buyers Real Estate Agent

An Agent can help you navigate through the complexities of home buying and bring in the local experience that is very valuable.
A Right buyer’s agent is skilled, motivated and knowledgeable.
A Good agent can help you with competing offers and get you value for your money

For example
- Neighborhood
- School district
- Travel time / commute to work
- Single story vs 2 Story
- Amount of space your family may need
- Back yard requirements
- Study vs additional bed rooms downstairs …etc

In a competitive market with good neighborhood and good schools it is quite possible that the property that you are bidding may have multiple offer. Stick to your budget and be reasonable in offering
Show the seller that you are serious buyer and that you love their home

Spread The Word

Know a Friend / Family who is looking to Buy or Sell Home. Please have them contact us at info@dreamcastlerealty.com or call 214-469-9646

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