4 Ways to Prepare for a Competitive Spring Homebuying Season (What You Want To Know Wednesdays)

 

2018 has already seen quite a change in the housing market. Housing inventory is lower than demand and mortgage rates are changing. The housing market may be competitive this Spring, here are some tips to prepare for the competition from Bankrate:

Get your finances in order – Take a look at your credit report to make sure it is in order and there are no errors. Pay off any delinquent bills and reduce any other debts you may have.

Make sure you’ll qualify – Lenders want to make sure you can meet your monthly obligations. Speak with a mortgage professional about pre-approval to see how much home you can qualify for.

Choose the right Realtor – having a Realtor in your corner can make a huge difference, and make the process much easier. Your Realtor will be able to guide you through making an offer and making sure the deal goes through.

Be prepared to pay the price – with the market becoming more competitive you may have to pay a little bit more to get what you want.

 

 

**bankrate.com


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.