The home buying process normally takes around 2-3 months, but in a seller’s market, it can take even longer. So, if there was a way to get the house you want in half the time, you would probably jump on that offer. Here are some ways you can do just that without making any sacrifices.
Let the Government Help
Scraping together a 20% down payment can take a while, but you could be able to qualify for the more than 2,200 down payment assistance programs offered nationwide. These programs help home buyers get low-interest loans, grants, and tax credits. Unfortunately, these great programs are often overlooked or not even known about.
To get into these programs you will have to qualify in terms of income, occupation, and/or credit. However, the buyers who do use these programs often save over $17,000 from the upfront costs and the lower monthly mortgage payments.
Keep Up with New Listings
You can see what houses are for sale on our website or Realtor.com, which updates every 15 minutes. This way you can fully stay on top of new listings in your preferred area. We tell our clients to stay away from sites like Zillow and Trulia because they can be wildly inaccurate and misleading.
However, the best way to know about new listings before they even hit the market is to get in contact with one of our Real Estate Agents. Our agents know about listings before they officially hit the market so you could get the first look before any other buyer.
Make Sure Your Finances Are in Order
Closing can take anywhere from 30 – 50 days. If you want to close faster, the best thing to do is to get pre-approved for a mortgage before submitting an offer on a house. This means that a lender will run a credit check and verify your income and assets. Then, the lender will go over your financial portfolio and decide whether you are a good candidate for a mortgage. Having all your ducks in a row before hand will definitely save you time later down the road.