Steps Toward Homeownership
November 4, 2009 by Customer Care
Steps Toward Homeownership in Des Moines, by Des Moines Real Estate Experts RE/MAX Real Estate Concepts
Are you considering purchasing your first home in the Des Moines area? Here are some tips.
The first step any first time homeowner should take before looking for real estate in Des Moines is to attend a home buying seminar. Experts such as real estate professionals, mortgage lending companies, and even home inspectors offer free seminars. These no obligation seminars offer useful information that can potentially save you thousands of dollars.
The next step to take prior to buying a home in the Des Moines area is to know your credit score. This step should be taken early in the process. Some experts suggest checking your credit score as early as six months prior to buying your first home. The reason for this is because your credit score can determine the type of financing you will be eligible for. If there is a blemish on your credit report you will have time to correct the problem and build up your credit score prior to applying for a mortgage loan. Know your debt-to-income ratio. This ratio can affect your eligibility to obtain a mortgage as well as the type of financing to secure.
Choose a professional real estate agent. Buying a home is the largest investment most people make during their life. Professional real estate agents are knowledgeable with the home buying process from start to finish.
Get pre-qualified for a loan. There are two benefits for becoming pre-qualified. The first allows you, the home buyer, to know what price range of homes to look at. The second gives you more weight with the seller when putting in a purchase offer. Sellers tend to choose an offer with a pre-qualified buyer over an offer from a buyer without pre-qualified financing already lined up.
With all of these steps in place, you are now ready to go out and find your first home.
More information is available free to you about buying, selling or investing in Des Moines real estate. For complete information about the Des Moines real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Des Moines real estate at Real Estate with RE/MAX. Please feel free to contact us with any of your real estate or mortgage related questions and we will be more than glad to answer your questions. Call us at 1-800-708-5890 or email us at dsm@realestateconcepts.net.
Filed under Des Moines Real Estate Blog
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