There is a lot that happens between deciding to buy your first West Knoxville or Farragut home and finally, moving into your dream home. Along way, there are many essential decisions that you will need to make. What part of West Knoxville will you live in? What are your housing needs? what type of loan do you need? How much home can you afford? how do you decide about homeowner’s insurance, inspections, and title insurance? In this series, we will explore five essential tips that will help you navigate through the home buying process. In Part I of this series, we explore the importance of doing your homework prior to starting your West Knoxville or Farragut home search.
First and foremost, sit down and talk to a loan officer about how much you can afford. The earlier you do this, the better. That way, if you know from the very beginning how much you can afford and if there are potentially any credit issues that need to be dealt with prior to buying. There is nothing worse than falling in love with a West Knoxville or Farragut home, only to find out that it is not within your price range.
Then, do a little research into finding a REALTOR® that meets your buying needs. Be sure some research into a REALTOR® that meets your specific buying needs. Are you looking to live in a specific part of town? Are you looking to buy a short sale? Don’t be afraid to ask for recommendations from friends, family members, and co-workers, but be sure the REALTOR® you pick will be able to meet your needs as well. A REALTOR® that specializes in your buying needs can be a great asset to you and will be able to provide you with a wealth of information on the topic.
When it comes to buying your first West Knoxville or Farragut home, your REALTOR® and your loan officer will be your biggest allies. A loan officer will be able to explain the mortgage approval process, give you an estimate of your monthly payments, and explain the differences between the different types of loan and which one may be best for you. A REALTOR® will be able to help guide you through the home buying process. Throughout the process, they are there to help you along the way. Just be sure to do a little research to find a loan officer and REALTOR® that meet your needs.
In Part II of this series, we will explore the importance of knowing what you are looking for in your West Knoxville or Farragut dream home.
Are you thinking about buying your first West Knoxville or Farragut home? Please let us know if there is anyway that Knoxville Home Team can assist you in your home search. You can contact Rick at 865-696-9002 or via email at [email protected]. Or, you can contact Kati at 865-392-5880 or via email at [email protected]. Also, be sure to check out our West Knoxville Home Search Page to see what homes are for sale in the area.