Here are a few things you can do to increase your odds of winning the home of your dream in this competitive market.
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Today we’re going to be talking about six ways to up the chances of buying your first home:
1. Hire a seasoned agent. You need someone who truly understands the market and has the experience necessary to help you save money on your home purchase. Make sure they are a full-time agent.
2. Get pre-approved by a lender. We have a great preferred lender you can meet with. It’s important to understand the different loan programs available to you and to have a budget and know what your buying power is in today’s market.
3. Consider a home that may need work. There are some great loan programs out there to take advantage of here, such as the 203(k) renovation loan. It allows you to buy a home for a great price and roll the costs of the necessary improvements into the loan.
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There are some great loan programs out there.
”4. Consider buying in a transitioning neighborhood. This allows you to get a good value now and have some great appreciation down the road as the neighborhood improves. There are a few areas in Albuquerque just like this that we can show you.
5. Think about raising your budget. If you raise it by just $50 or $100 per month, you will have much more homes to look at and it might lead you to the prefect one.
6. Go back to your lender.
Thanks for joining us once again. If you have any questions or know somebody who is thinking about buying, selling, or investing in real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon. Stay classy, Albuquerque!