Summer is not only the time when the weather heats up – it is also a period of increased activity on real estate markets, the time that is favorable for property transactions, for buying as well as for selling.
If you are planning to start looking for your dream home soon, here are some summer home buying tips from rental property management Denver professionals:
- Be realistic when you assess your financial possibilities – take your time to evaluate your finances, looking at your income, your expenses as well as your credit score. If your credit score could be better, figure out how to achieve that improvement. You might want to consider cutting your spending and rolling your existing debt into a loan with better conditions. It is a good idea to get a loan pre-approval as well – having that can speed up the buying process and it can also put you into a better negotiating position;
- Figure out how to make a substantial down payment – whether you use your savings or you finance your down payment using other sources, making a down payment of around 20% can put you in a very good position as a buyer;
- Know what you want – make up your mind about the size and the layout of the ideal building as well as about the amenities and features that you need in your new neighborhood;