I had licensed Realty Professional, Kim Sessions, in the studio the other Sunday and we talked about “everything houses.” In case you missed the full conversation, here were her tips for before buying your dream house.
#1 Get pre-qualified first
Kim: Get pre-qualified first! So, the biggest thing a lot of times is people just, they think they can afford “x” and they start a window shopping and even start looking and then they can’t afford it. And then, you have your mind set on a certain price house and you can’t get it. And then it’s a big struggle. So, it’s very easy to get pre-qualified I would say. That’s the absolute first thing that you need to do.
#2 Check/ Work on that Credit Score
Pete: What’s your payment? What the total cost is? What you’re looking to accomplish? Is it 30, is it 15 [years]? And you know, FHA, VA, you got all these different programs out there and the adjustable/ nonadjustable I don’t even know what the heck…
Kim: Oh my gosh, they have something for everybody. But it’s, that’s why it’s so important to pre-qualified again because if your credit is not that great, it can affect what your interest rate would be. And that could actually push you out of a whole price point of a house.
#3 Envision what you want
Kim: I would really start to think about how you live your life. Where do you go, how do you live your life, not only in your house but within a facility because I mean, if stores are very popular to you or, or whatnot, you really need to think about what is in the area and can it fit your price point. And within that time too,
#4 Interview Realtors in the Area
Kim: I would interview agents that do take buyers out and see if they’re qualified to know what you want. Do they have the knowledge and the ability to get you the best deal.
To listen to the full conversation, click here.
Check out Kim’s advice for home-sellers here.
To connect with Kim Sessions: