Real estate agents play an integral role in helping you successfully buy or sell a home. Choosing a realtor isn’t easy, just like buying a home isn’t as easy as it may seem. Fortunately, our experienced real estate agent has seen it all and will strive to make your home buying experience a positive and exciting time for you. Are you in the market to buy or sell your house? Here are five things that realtors wish their clients knew about buying or selling real estate.
Now Isn’t The Time To Quit or Start A New Job Role
It may seem like the obvious choice to take a job or accept a promotion when it means more money, but the transition may offset the required job history and affect your ability to get approved for a mortgage loan. Wait until you have the keys to your new home – your mortgage lender will check your credit one last time on closing day. If your credit has changed for the worst in that time period, you could get hit with higher interest rates or even lose the loan.
Always Know What You Can Afford
Before you start looking at homes, you should already have a firm budget in mind. It can be a big waste of time if you begin shopping around for homes you know are out of your price range.
Really unsure of your budget? Our mortgage calculators can help you out. Better yet: get pre-approved for a mortgage loan with the help of our mortgage broker.
Selling Could Take A Lot Of Time
Selling a home is generally not a fast process. A standard sales schedule breakdown could look something like this:
- Getting your home in shape: 2 weeks.
- Average time on the market (varies widely with location and price): 2 1/2 to 3 months.
- Negotiating after an offer: 1 week.
- Preparing to close (assuming a traditional transaction): 30 to 45 days.
Be a smart seller and allow a minimum of 4 to 6 months to sell. If it sells sooner, then you’ll get the treat of being pleasantly surprised.
You Need A Team That You Trust
The home buying or selling process takes significant amounts of time. If you don’t trust your team (your mortgage lender and your real estate agent) or even worse – if you don’t like them, it will surely result in an unpleasant experience. During a buying or selling process, your realtor and lender become your best friend, advisory board, therapist, and more. Make sure you choose a good fit.
We Are Here To Help!
The mortgage lender and real estate agents at The Mortgage House are invested in your home buying and selling journey. We want to help you! If you have a question for our real estate agent in Joplin, MO please contact our office at (417) 782-7800.