Imagine your Southern Utah dream home. Explore our resources below to make it a reality.
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Consider what your monthly payments are currently and what the new monthly payments will be after purchasing a home. Key factors will include your monthly income, monthly debts, your credit score and how much money you’ll need at closing.
Getting a pre-approval for a mortgage means that a trusted lender has reviewed your income, expenses, debts, and credit score and has conditionally agreed to provide you a set amount of funds for a mortgage loan. This step will enable you to start looking for a home at or below that price level with full confidence.
Looking for the right guidance and expertise to help you find the best home? We have the most experienced realtors and agents that are passionate about helping clients with their real estate needs. Find a realtor by going here!
We suggest you not only search for homes online but make appointments with your realtor to visit homes in person. This can help you determine the home features that are most important to you. We also suggest you ask plenty of questions while touring homes.
Now that you have found your perfect home, it’s time to make an offer! Your realtor can help prepare your offer. This includes your offer price, establishing contingencies, getting the disclosures, and determining a closing timeline. In the event a seller presents a counteroffer, be prepared to negotiate the purchase price of the home.
Getting a home inspection will help you identify any issues with your desired home and determine if you’ll be needing repairs that need to be addressed before closing and what future projects you might need to take on as the new home owner.
An appraisal provides you an estimate value of your home from a professional appraiser. Lenders require an appraisal before issuing a mortgage.
Woohoo! On closing day, all parties, you and the seller, will sign the papers to officially close the deal, and ownership of the property will be transferred to you.
Buying a home for the first time?
Download our free essential guide to access the best tips when buying your first home
Should I get pre-approved before looking at homes?
Yes, we suggest you seek a pre-approval before searching for homes. The benefit of this is you will know how much home you can afford so you can search for a home that fits your budget and lifestyle.
What if I have a low credit score? Will I still be able to buy a home?
Credit problems may make it harder to quality, but it doesn’t mean it is impossible. There are many programs available for those who have less than perfect credit scores. Contact us and we will provide you with the best options!
How much of a down payment do I need to purchase a home?
This depends on the overall purchase price of your desired home. If you are worried about not having enough of a down payment saved, don’t let that stop you from pursuing your options. There are programs available to help you purchase a home even if you might have little to no down. Contact us and we will contact you with one of our approved lenders.
What is earnest money and how much is enough?
Earnest money is the amount of money you put down to showcase your dedication to buying a particular house to the seller. The amount of earnest money you should offer ultimately depends on the real estate market you have in mind and the desired property.
how do i finance a home? Do you know any lenders?
Looking for your Dream Home?
Additional Tips and Resources
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Prioritize the locations, search for the right price, assess the property’s overall condition, don’t focus on minor aesthetic details and stick with what you must-have.
Getting pre-approved means a lender has reviewed all of your financial information and made you aware of how much you can afford and how much they will lend you. This will save you a lot of time and energy so you’re not looking at homes you cannot afford.
If you are ready to purchase a home, don’t worry about waiting for the perfect time in the market. Trying to predict the most optimal housing market is impossible. The best time to purchase a house is when you can afford to.