How to Speed Up the Home Purchase Process
If you want to buy a home in a hurry or you don't like the progress of your home purchase process, there are measures you can take to speed up the process. Here are some of those measures:
Have Your Papers Ready
Documentation is one of the common things that can derail your home purchase process if you aren't careful. What is more, the home-buying process involves multiple documents, so it is easy to miss one or two. Avoid such a hiccup by dealing with a realtor right from the start; the realtor will tell you which documents you will need so that you can gather them in advance. Such papers include tax returns, paystubs, bank statements, and a copy of your driver's license, among others.
Get Pre-Approved for a Mortgage
The mortgage process is another thing that delays the home-buying process. Therefore, you can hasten the process by getting this process out of the way and getting pre-approved for a mortgage. That way you don't waste time looking at houses outside your price range, your seller gets reassured that you are a motivated buyer, and you can hit the ground running with the rest of the purchase process once you identify a suitable home.
Stay In Touch With Your Realtor
Expect lots of communication between you and your realtor during the purchase process. Don't forget that the realtors (your realtor and the seller's realtor) will be the link between you and the seller. Therefore, a glitch in communication between you and your realtor can prolong the process unnecessarily. Stay by your phone and get back to your realtor as soon as possible when you get their messages.
Allow Some Flexibility
Being too rigid may also derail your home purchase process. Sure, you still need to make lists of must-haves and deal-breakers, but they should only include the most relevant or critical items. For example, you may have had your heart set on a white-roofed house, but that doesn't mean you should ignore a blue-roofed house that checks all the other boxes.
Don't Shun Online Research
Nothing beats a physical visit to a house if you want to know a property inside and out. However, online research still has its place in house hunting, and you shouldn't ignore it. For example, you can use online research as a preliminary stage in ruling out the houses that don't meet your criteria. You can research neighborhoods and view houses virtually so that you don't waste time viewing houses that you won't buy.
For more information about real estate, contact an agent today.
