During the home buying process, everyone wants things to run smoothly. Both buyers and sellers are in this for a quick closing, but how do you guarantee the closing will be quick? There is no way to ensure that a mortgage will close quickly every single time, but there are certain steps that can be taken to make the process as smooth as possible. Lifeline Home Inspections is here to share some tips that can help you move the process along.
Get a Mortgage Pre-Approval Letter
When you start the home buying process, it is essential that you know how much money a lender is willing to give you. Getting a pre-approval letter will give you an idea of the type of house you can afford in your budget. Not only is this information important for the buyers and their agent, but when you are searching for a home, it gives all involved a better idea about how serious you are when you make an offer or schedule an appointment to look at a property.
Find a Realtor You Can Trust
Your realtor is going to be one of the biggest keys in your success in finding the right home. When you are looking for the right realtor to work with you in your home buying quest, you should look to your friends and family. Word of mouth is the best way to find someone you can trust. Whenever you are meeting with a realtor, you should have a list of questions for them. You will want to see their credentials, experience and look over their website before making the decision.
Be Honest with Your Realtor & Lender
It may be tempting to withhold information from your realtor and lender, but in doing so, you could cause major problems for your potential closing. If you are trying to hide anything on your credit history, it will always come out in the underwriting process. It is best to be upfront and honest in the first place.
Avoid Changing Jobs Before Closing on a House
Your job history is a big part of the loan process. The longer you have been employed at your job, the better. It is a horrible idea to change jobs during the loan process. It will likely bring the entire process to a standstill. Wait until you have closed on your home loan to change jobs.
Attend the Home Inspection
When you attend the home inspection, your inspector will walk you through every aspect of the home you are trying to purchase. You will have the chance to learn about the home and have any potential problems explained in great detail. You will be able to better negotiate any repairs that need to be made or price adjustments due to issues that arise.
Buyers & Sellers Home Inspections & More in Fulton, Spalding, Coweta, Douglas, Pike, Upson & Fayette County, Georgia
If you are planning to purchase a home, you need an inspector you can trust. At Lifeline Home Inspections, we have the extensive experience and training it takes to deliver an honest and thorough home inspection you can rely on. We will do our part to assist you in a smooth closing. Call us today!