Becoming a Homeowner in 2022
With the current low interest rates, owning a home is often cheaper than renting. As a first-time homebuyer, where do you start? The very first step in the homebuying process is to meet with an experienced and knowledgeable Realtor® who can guide you through the process. Having a trusted, professional advocate on your side helps to ensure that the process will go smoothly with minimal bumps in the road. When they may not be ready to buy for several months or even a year, many homebuyers worry that it may be too soon to contact an agent. However, the sooner you connect with an agent you trust, the smoother your path will be. Your agent will not only be an expert dedicated to guiding you through the steps but will also educate you and be an advocate for you along the way.
How do you find an agent you like and trust—one that will look out for your best interests and has the experience you need? The most important factor in selecting an agent is selecting someone who works in the business full-time and has expertise in working with buyers. Within The Steller Group, we have a group of full-time buyer agents who specialize solely in working with buyers. They know how to navigate the current tricky seller’s market to help buyers win and get to the closing table. Our buyer agents also have a full-time, licensed assistant to back them up so that you never miss an opportunity to get into a home as soon as it hits the market.
The second step is for you to meet with a mortgage lending professional. It is important to understand what you can afford and if you qualify for a mortgage before you start looking at any homes. It can be disappointing to start looking first, only to realize that your budget is lower than expected, or that you need to wait for credit repair, or that you need to larger down payment before you can buy. If you do not know any mortgage lenders, your Realtor® will have a trusted list of local lenders who you can interview. Like choosing a Realtor®, choosing the right mortgage lender who you trust is important. Even if you have less than ideal credit, your mortgage lender will be able to get you on the financial path to homeownership. You may need to get into either a credit repair or a down payment assistance program, and your mortgage lender will help you navigate the right path for your financial situation.
Once you are working with a trusted Realtor® and have your mortgage financing all set, you are ready to start house-hunting! Are you ready to get started? If so, reach out to The Steller Group today at 720.593.9355 or [email protected]