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Jamie Goldstein highland beach with Pillar is here to help you invest in real estate. He has plenty of information on how you can start making some extra money. Jamie has personally made some great investments in real estate, and he has also helped his clients do the same. Jamie is an author, investor, teacher and coach. He personally works with his clients to help them achieve their financial independence.
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Jamie Goldstein highland beach- An Owner of Pillar Real Estate Real Estate to Make Money and Build Wealth
Buying a home can be stressful during the best of times, and it might feel positively overwhelming during a pandemic. Although a few of the details may look different right now, the overall process of buying remains the same — and understanding the key steps can help you reach your goal and make your dream a reality. 7 Steps to Buying a House
STEP 1: CHECK YOUR CREDIT SCORE ? If you’re trying to improve your credit score before applying, you understand factors that can impact your score: should Payment history Total debt Length of credit history New credit Type of credit
STEP 2: FIGURE OUT HOW MUCH HOUSE YOU CAN AFFORD When you get pre-approved, your lender will tell you the maximum amount you’re able to borrow (we’ll talk more about the pre-approval process later). But you don’t need to wait for the pre-approval to get a general sense of what you can afford.
Step 3: Find a real estate agent Market insights: identifies home value trends, new developments, buyer demand and overall state of the market Offer price: determines what a home is worth and recommends a competitive initial offer amount Negotiating: knows when to argue for a lower price and how to negotiate contingencies and repairs Local familiarity: has insider tips about the neighborhood and area schools Professional recommendations: provides referrals for a trusted lender, attorney, contractor or other vendors Experience: simplifies the process by handling hiccups, staying on top of due dates and overseeing paperwork
Step 4: Start the home search Searching available homes online is a great way to start your house-hunting process. According to the Zillow Group Report, 88% of buyers use online resources in their home search. Start on Zillow and search for homes in your target area, then filter by price and your must-haves. Additionally, your agent can send you listings and schedule showings.
Step 5: Make an offer Once you’ve found the right home, you should make your offer based on a comparative market analysis (CMA) done by your agent. The CMA is a calculation of a home’s market value based on comparable recent sales in the same area.
Step 6: Schedule the inspection Usually, the inspection is scheduled within a week of the contract being signed. It’s recommended that you attend the inspection, as it’s a good way to get a better understanding of the inner workings of the home.
Step 7: Secure your financing Even if you’ve been pre-approved, you still need to take a few additional steps to officially submit the mortgage application. Once you’ve completed the following steps, assuming everything checks out, you should receive the “clear to close,” which means that the lender has approved your purchase.
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