Buying Real Estate in Union County
Buying a home can be an exciting or scary time but with the right knowledge and information you can tackle the process with ease. Here are some basic tips to keep in mind when buying La Grande real estate.
1. Make sure your financially ready
There is nothing more stressful to the buying process then not knowing whether you really can afford the home. There are costs that might pop up along the way and not being prepared can cost you time and energy. Here are some things to get in place before applying for a loan.
- Copies of your credit report
- Fix or correct any mistakes on the report
- Have a reserve fund set aside
- Get your credit score up if not already
- Have earnest money and/or down payment
- Don't rack up any additional debt during this time
2. Know what you really want
You might start looking for homes before you do #1 but that only brings heart ache and frustration. Once you know your finances, talk with a lender about the type of home you can afford. Then stick to that budget. Going over will again only bring you stress and frustration. Make notes about what you need, what you want, what you will not stand for and what you can tolerate.
3. Shop around for the right loan
Unless you are one of those few people in the world that can buy a house with cash (In which case, you probably won't be reading this) you will probably need a loan. Feel free to shop around and don't worry about your credit getting hit every time you sit down with a lender. Let them know you are shopping around for the best deal and they need to give you their best rate and fees. There are a lot of small fees and costs built into the loan and if you don't understand something please ask. Which brings us to the next tip.
4. Don't sign anything you don't understand.
So many La Grande buyers, especially first time buyers fly through the process and at the end have looked at so many papers and documents it all becomes a blur. But at any time if there is something you don't understand, don't hesitate to ask. This is a huge investment you are making and not understanding it all can cost you if there is something that wasn't agreed upon originally.
With these simple tips, you can be sure to set yourself up for home buying success. Our agents are specialist in La Grande homes and Island City real estate. We can help get your process started today and even have references to help you through every step. Give us a call today!