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Jenny B.

Jenny's Blog

Learn about important financial topics from SEFCU's Manager of Member Education.

Home buying season is here

Posted by Jenny at 4/14/2014 8:46:25 AM

For sale signs have been hung and real estate agents are gearing up for their busiest time of year. If you are among the many buyers perusing real estate Websites and neighborhoods by car then you may want to take the following tips into account when searching for your dream home or that great buy.

Buying a home is typically the largest purchase you will ever make and possibly the scariest. However, you don’t have to let fear of the unknown sway your decision to enter the housing market when there are people, tools, and resources out there to help. Follow these simple tips and they will help make the home-buying process a more positive experience.

Tip #1
Get your financial house in order. Contact your financial institution to see if you pre-qualify for a mortgage, and if so, how much they are willing to loan you. This will give you an opportunity to determine whether you need to establish stronger credit and give you a better idea of what homes you can reasonably afford.

Tip #2
Make a list of your home necessities and niceties. This will help you to narrow the search. In this list be sure to include the price range, number of bedrooms and bathrooms, approximate size of home/lot, town, school districts, and any other must-haves.

Once you are pre-qualifed and have your list it’s time to select a realtor. Using a realtor is extremely helpful because he/she can take your list and set up an online portal that will only select homes that meet your must-have criteria. This will allow you to search for houses or property from the comfort of your home and it will ensure that you don’t waste your time looking at homes that may or may not meet your criteria.

To learn more about the home-buying process from the experts, attend one of SEFCU’s Home Buying seminars in the Capital Region, Binghamton, Buffalo, and Syracuse. Click here to register.