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3 Steps to Take Before Buying a Home

Buying a home can be an exciting process – so exciting that people sometimes dive in headfirst and get ahead of themselves. Before you start looking for your dream home, follow these steps to prepare.

Calculate How Much You Can Afford

Unless you have enough cash on hand to buy your house outright, you’re getting ready to embark on a long mortgage journey. As you’ll be paying on your home for the next 15 to 30 years, you want to be sure you can handle the payment. Take a realistic look at your budget to determine how much you can comfortably afford to pay out every month.

Reach Out to Lenders

Once you have a number in mind, it’s time to start shopping for a mortgage. The easiest way to do this is to work with a loan company that shops a variety of mortgage lenders in Las Vegas for you. They search through a wide range of options, presenting the ones that suit your needs.

They’ll also help you obtain a preapproval that you can use during your house hunt. If for some reason, you do not qualify for any options at that time, they can help you understand what steps to take so that you can qualify in the future.

Shop Real Estate Agents

Once you have your preapproval, you want to find a real estate agent that is committed to helping you find the home of your dreams. Ask for recommendations from family and friends, and then check any reviews you can find. You can also interview several real estate agents to find one you “click” with.

Once you have completed these steps, you should have your money and your team in place. You can now start looking for your dream home with much of the stress out of the way.



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