#1 Talk to your bank, credit union or a mortgage lender and get approved for a loan. So many Buyers think they can skip this step until they find a house. Getting approved and knowing what your monthly payment will be is the best thing you can do for yourself.
#2 Have your Down Payment and closing costs saved in the bank – at least 3.5% down payment for an FHA loan – more is better! If you are lucky and receive gift money from Mom and Dad, be sure it is documented.
#3 Find a Buyer’s Agent – go to Open Houses, go online, get referrals from friends & family.
#4 Keep current on all bills and don’t buy anything on credit while you are in the market.
#5 Sit down and talk with several Realtors and pick One! After all, you want someone on your side when you are shopping for a Home!
The Buyers who are the best prepared are the ones having their offers accepted at this time so don’t be left behind!