Buying a home is a stressful process. At Channler Gannon Real Estate, we strive to make it a seamless and pain-free experience.
Before you search for a home, you have to understand your needs. Think about the type of place you’re looking for. Are you looking for more bedrooms and washrooms for your family? Do you want to live close to a school or work?
You also have to familiarize yourself with different types of ownership to help narrow down the perfect home. We’ll start with a comprehensive interview so we can learn more about your needs, your situation, where you are in the home-buying process, and how we can support your journey.
There are thousands of real estate agents, so how do you choose the agent that’s right for you?
You have to choose carefully. The agent you choose will be acting as your representative. You need someone who is looking out for your best interests. The right agent will be a trained professional who knows your area inside out.
There are many ways to find your dream home! First, make sure you are financially ready with a budget.
One thing to keep in mind is your down payments. The more money you put down, the more you’ll save on monthly payments and the costs of borrowing. Another important aspect is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to buy your new house.
When it’s time to offer on your new home we want you to be 100% confident in the property, the location, and the terms of the offer. We’ll have an open and honest conversation about what the best offer for you looks like.
If there is something in the offer that doesn’t satisfy you, counter offers or negotiations can also be presented to help get what you want.
There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, and legal fees. Once that’s taken care of, you get your new house.
Congrats, and welcome to your new home! You’re all ready to move in!
One of the most important steps in securing a home is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to put toward your new house. It also makes the offer stronger, as it shows the sellers you are a serious buyer that is ready to move forward with the purchase.
Give us a call and we will get you started on your pre-approval today!
Most programs require a FICO score of 620 or better. Borrowers with higher credit scores represent a lower risk to the lender. This often results in a lower down payment requirement, as well as, a better interest rate.
It depends on your situation. Your lender may require a different amount of down payment depending on the type of loan, your credit history, and other factors. There are also financial benefits to paying different downpayment percentages. For example, if you put more than 20% down, you avoid paying private mortgage insurance, which can be quite costly and add an unnecessary monthly cost.
Home inspections are always highly recommended because they can reveal problems in the home that are not easily detected. Home inspections bring peace of mind to one of the biggest investments of your lifetime.
Payments to real estate agents on both sides are typically paid out of the proceeds of the sale. The commission often amounts to roughly 3% for each agent.