Many people rent their homes for a long time because their friends or family have told them that buying a home in Greensboro, NC, takes a long time or is a difficult process. Fortunately, you can work with a top-rated agent and take these steps in order to make your first-time home-buying process go as smoothly as possible.
Get Pre-Approved
Consider getting a pre-approved home loan from a lender. This refers to a lender’s statement that you are approved for a mortgage loan up to a certain dollar amount. Having this letter on hand and submitting it along with your offer to buy a home gives you better standing with the seller. If multiple offers are received on a home, the prospective buyers with a lender’s pre-approval are more likely to make it to the next step.
Save for a Down Payment
Once you have started to think about buying a home in Greensboro, NC, begin saving for a down payment. Your down payment will decrease the amount of money that you will need to borrow to buy your house. You will also need cash for closing costs. Consider saving some additional cash to pay for moving expenses. Once you move into your first home, you may need money for things like a lawn mower, appliances and some furniture for the space.
Know What You Want
Another step in buying a home in Greensboro, NC, is knowing what you want. Maybe you want a house with an open living area. Perhaps you like to tinker, and you want a garage with space for a workshop. You may be considering expanding your family, and you might want a house with several bedrooms and two or more bathrooms. Have a list of requirements and a list of “wants” for your first home.
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