Interest Rates are Rising

Posted by Nita McClellan on Thursday, May 3rd, 2018 at 12:03pm.

Buyers don't despair...even though interest rates are rising and inventory is super low. You can still find the home of your dreams. But first you must be prepared.

1.Talk to a lender . Before you start your home search, talk to a lender to find out what you can qualify for. It doesn't make sense, if you don't know what price range to look in. Lenders look at a number of things to determine how much they will lend. And when you find the perfect home, you'll need a pre qualification letter to accompany your offer. With homes having multiple offers, you want to be ready.

 2. Find yourself a good Realtor. Your Realtor can not only help you find a home, but can also help determine the best price to offer and help you navigate through the process to get you to closing. There's so much involved in a transaction and a good Realtor can help take the stress off your shoulders. 

These are the fist two steps you should take to the pathway to home ownership!  

Nita McClellan, Realtor SFR

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