Home Buying Made Easy
Home Buying in Buffalo NY? In recent times, Buffalo, New York has emerged as one of the top locations where people want to put down their roots permanently. The area has family-friendly neighborhoods that has made it all the more popular when it comes to families with kids.
Searching for and eventually purchasing a home can be a very exciting time in anyone’s life. But before you actually begin the home buying process, there are a few things you should know.
Home Buying in Buffalo NY – GET Ready
Save for down payment
Always keep money aside as savings for down payment for your dream home. It is important to start saving early, so you can accumulate the required amount. The general rule of thumb is a down payment of approximately 20 percent, but that can vary so it is best to consult with your realtor.
Improve your credit score
Is your credit score up to the mark? Those with poor credit rating can face problems when it comes to loan rate. The higher your credit score, the better the loan rate. It is vital to bring up the score. A small difference in your mortgage loan interest rate can save or cost you a lot of money over the life of your loan.
Home Buying in Buffalo NY – Get Set
Talk to a REALTOR®.
Get an experienced real estate agent that works for a top Brokerage house.
Steven Burton is happy to be affiliated with Century 21 Winklhofer, the oldest Century 21 company in Western New York. A full service Real Estate Company they service the surrounding communities of Buffalo and Western New York and have been the #1 CENTURY 21 company in the Western New York area since 2000.
I will put Free Home Search Tools at your disposal to help you find real estate in Buffalo NY. This will include listings direct, a unique way you get only the properties that fit your unique criteria right to your email box.
Get a loan that is convenient for you to pay off
The next step is to decide the type of mortgage suitable for you. In case you are unable to make up your mind, talk to Steven Burton for recommendations. You have to select between fixed or adjustable rate. a fixed-rate mortgage is a popular choice because the interest rate will never change. Adjustable rate is a good idea if you plan to stay in the home for a couple of years or so as the rate keeps fluctuating.
Get pre-approval for your mortgage
You must get pre-approved or pre-qualified for your mortgage. In the old days you could look for a house and then try to find financing. Those days are gone. You must have a pre-qualify letter at a minimum to even make an offer today. Home Buying in Buffalo NY is not as easy as it once was. It is not unusual when Home Buying in Buffalo NY to make 2 or more offers before finally getting a home you want.
There are many financial considerations to take in to account before home buying in Buffalo NY. If you need help finding financing give Steven a call. I have worked with various lenders in the western NY area.
Home Buying in Buffalo NY – Go Go Go!
Location, location, location
One of the crucial factors to be taken into account while buying a home is the location. Have you decided where you wish to live? Decide which western NY Town or city you would like to live in. If you are working with another licensed real estate sales person begin to search online. Make comparisons and make appointments to see the homes through your realtor.
If you are working with me just give me the criteria that is important to you; number of bedrooms, bathrooms, garage space etc. I will take that information and set up listings direct, you will get only the homes that match your lifestyle. No more spending hours each night on the computer in front of Zillow Buffalo sorting through thousands of listings.
Make up your mind and Start Looking
What is best for your living situation and lifestyle? Depending on your personal circumstances, it could be anything from a small one-story house to a large townhouse with lots of bedrooms and bathrooms. Once you come across a property that fits your requirements, you can work with your Realtor® to make an offer.
Once you have an idea of where you want to live, how many bedrooms you want, price range etc. Tell Steven and he will set you up with listings delivered directly to your email box as soon as they become available.
Home Buying in Buffalo NY – The Final Stretch
Pick the properties you want to see and have your Realtor® schedule showings for you.
Make An Offer
Talk to your Realtor® about any property you are interested in making an offer on. He or She will write up the contact and negotiate with the seller on your behalf.
The home buying process for properties in Buffalo New York can proceed without a hitch only if you adopt a systematic approach. Don’t lose focus, and be patient – it could take some time to get the dream home you always wanted.