Buying

In today’s real estate market, you need to come ready to make the move. Having your “ducks in a row” is vital to acquiring your future property here in Lemhi, County. Having a real estate agent who can advise you on how to best be prepared, how to make offers in today’s competetive market and who will be with you every step of the way will help set you a part in a multiple offer situation. Having representation from an agent who will promote your best interest and provide confidentiality is a critical part of the purchasing process.

Be Prepared

Part of the buyer experience means having your pre-qualification letter. If you already have a trusted financial institution that you would prefer to use, complete the necessary steps with them to obtain your pre-qualification for obtaining a mortgage. The process is not too extensive, but does require some effort to submit your salary and employment information. If you do not have a lending institution that you prefer, contact me so I can provide you with a my trusted recommendations.

Wants vs Needs

Now that you have established you can receive a mortgage, we need to have a conversation about what you want and need in a property. I recommend you make a list and put your desires in priority order. Depending on what kind of property we are looking for and what kind of buyer you are, be prepared check some of those items on your list and forgo others; it’s rare that we hit every item on the list.

Time to Shop

Now the fun begins, we can start visiting properties. As we select properties to visit, keep in mind your wants vs needs mentioned above. Start critically thinking about what you HAVE to have and what would be nice to have. Oftentimes, especially first time homebuyers, you will have to compromise on the wish list you made.

Making an Offer

You’re pre-approved, you toured some houses, you found one you love and now, you’re ready to make an offer. During this time, you should be discussing, earnest money, inspections, timeline, options to back out of the contract, title fees, closing costs, and fees required by the lender. If you end up in a multiple offer situation, do not panic and certainly, do not spend above your means. No house is worth being house poor.