In Lifestyle

Whenever you want to enter the real estate market, you have to make it a point to know what you’re getting yourself into. This is especially true if you want to enter into the Fleetwood real estate market. When you understand what to expect, then you have a leg up on the situation. If you enter the market in the months of March to August, you’ll have many other buyers competing with you to get the best home deals in Fleetwood. Here are six tips to help you to fully prepare yourself to find the best home.

Think About a Budget Check

You need to have good credit to be able to qualify for a home loan. Thus, it serves you to start doing a budget check even before you begin to look at houses. Set yourself to a budget where only 75% of your income goes towards spending; the other quarter should be dedicated to eliminating debt and late payments.

Do a Credit Check

Your financial life has to be in great condition if you want to buy a home; the process will just be simpler for you. The best way to achieve this is by checking your credit report. If you spot any mistakes – yes, you’ll have to go through it line by line – then request a correction. This will improve your credit score.

Perform a Debt Check

Believe it or not, having a bit of recurring debt is favourable when you apply for a mortgage. It’s advisable to keep a minimum of debt, yet not to close out any accounts. If you have an open credit account that has a long track record of on-time payments, you’re lucky; this is viewed as highly favourable in the home mortgage pre-approval process.

Complete Purchase Evaluation

Start also to evaluate preliminary purchase decisions. These include decisions such as specifically where in Fleetwood you want to reside. You might answer this question geographically, but there could be additional factors involved, too, such as schools, demographics, etc. You may even want to answer the “where” aspect by looking at subdivision versus rural area considerations.

Pursue a Savings Check

Transfer a bit of money every month into your savings account; this ought to be in addition to either investment or retirement savings. Buying a home will mean incidental costs, too, so save for things like closing costs, down payment, pre-paid items, moving costs and the down payment. You increase your chances of pre-approval if you demonstrate regular savings patterns.

Get the Best Realtor

You need a realtor who has the best training, expertise and connections in the local Fleetwood market. Most of all, you should get a realtor who has several years of experience in the area. It’s not possible to really stay in business as a realtor if you have a track record of client or customer dissatisfaction.

These are the six tips to help you to get completely ready before you get into the Fleetwood real estate market. By tending to these few things, you’ll notice a much smoother and easier process as someone shopping for a home. To get either a home inspection or just to sign up for our newsletter, please get in touch with us, and we’d be glad to help.

Mike Marfori Fraser Valley Top Realtor