Here are some of the best ways to speed up the house buying process.
In an ideal world, you’d have plenty of time to find the perfect home. However, that does not always happen. Maybe you are relocating because of a job transfer. Fortunately, it doesn't have to take months to find the perfect home. You can speed up the process of buying a home with these tips.
Get A Mortgage Pre-Approval
Obtaining a home loan is a long process that requires a lot of paperwork. You can speed up the process by getting pre-approved before looking for homes. You'll need to gather some paperwork for pre-approval including bank statements, tax returns and information about your debt. Have all of these things ready when you talk with the mortgage broker. Having a pre-approval letter also demonstrates to sellers that you are serious about buying. They might be more likely to respond quickly to your offer if they feel that the deal will go through.
Make A List Of Things That You Must Have
If you are in a hurry to buy a home, you don’t want to waste time looking at houses that won’t meet your needs. So, before doing any online research, make a list of things of your must-have amenities. Zeroing on the things that you must have will help keep you focused on properties that are right for you.
Search Areas That Have A lot of listings
Don’t waste time looking at suburbs that don’t have much listings. The real estate market will be a lot more competitive. Instead, try choosing areas that meet your needs as far as easy access to your work, quality of the school and so forth. Also, make sure that they have plenty of listings available. You might have to hunt in surrounding neighbourhoods to find something quickly.
Be Available to Act Quickly
If you want to settle quickly, you must be available to act as soon as an offer is accepted. So, it is essential to be available anytime to get in touch with your agent, respond to counter-offers and answer questions. Provide your agent with multiple ways to reach you — by phone, email or text.