
video, so let's get started!
Hey everyone welcome to my channel! My name is Anne-Marie Priske and
I'm a realtor in Corona, California with The Priske
Homes Team and Keller Williams Corona. I invite you to subscribe to my channel so
that you, too, can learn about all things real estate.
Are you tired of paying for someone else's mortgage payment? Have you had it with another rent increase? Are
you starting to get annoyed that you can't decorate your own space or is that
space getting smaller by the minute? Well it may be time to think about
buying your first home ever! In this part one video of my home buying series, I'll
cover the basics to the steps to buying a house and point out some important
tasks for you to do before you begin house hunting. First you're gonna need to
plan ahead. What I mean is that the roommate situation and mom and dad's
house gets old real quick, so the first step is to save money. Unless you have
hundreds and thousands of dollars worth of cash to buy a house outright, you're
gonna have to talk to a mortgage lender and discuss what your options are to get
approved for a new home loan. I talk about the importance of being a strong
qualified buyer in the video above so that when you do find your dream home
you're going to be in the position to beat out all the other buyers and get
your offer accepted. Here's a short list of what you'll need to begin the
qualification process. credit score of at least 650...have at
least 3.5 to 20% of the sales price of the home in the bank
or retirement fund... at least two years at the same place of employment... debt to
income ratios under 50%... last two years filed tax returns and annual income to
support the new payment, taxes and insurance. Sounds like a lot, but really
just takes some goal-setting and planning ahead.
Now there are a couple things that can jeopardize your buying power like taking
out new credit cards or using credit to buy anything especially a car or paying
your bills late so don't do that. After you get pre-approved it's time to start
house-hunting! Nowadays you can easily search for homes online, but unless your
a real estate market specialist or a neighborhood expert, you can waste a lot
of time online and driving around only to be disappointed in the location of
the home or at the way that the home looks in person or if the home is even
priced right. This is where a good real estate agent can help streamline your
search efforts and give you helpful area knowledge that'll save you time and
money. I talk about where to find one of these valuable people in the link
above. Once you choose a real estate expert,
they'll send you homes to your email so that you can narrow down the
possibilities, set up appointments to view the homes in person, and discuss how
you can leverage your buying power so that you can get your offer accepted.
Be sure to check out part 2 of my home buying series where we're gonna talk
about what happens next. Thanks for watching and I'll see you on the next video.
Steps to buying a house? Well that's what lhjkhgkh
Well it may be time to think about buying your first home ever!
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