First Steps Prior To Your Santa Clarita Home Search
Do you know the crucial first steps prior to your Santa Clarita home search ever beginning? Finding a home can be exciting and fun, but there’s a bit of work to do for all homebuyers before getting the search off the ground. This is assuming you want to be well prepared for the right home – that’s you – right?
Before starting your Santa Clarita home search you need to do the following first:
1) Get pre-approved for a home loan
2) Provide proof of funds to your agent helping you find a home
Home loan pre-approval – to determine exactly how much you’re qualified to borrow and to set a budget to work within, you first need to chat with a loan officer about your income, debts, and credit. Soon, your preferred lender when buying a Santa Clarita home will let you know how much you’re qualified to borrow, and what the maximum home price is you should be looking at. One your lender has gone over all of this crucial information, they will issue you a loan pre-approval letter. Your agent helping you find a Santa Clarita home needs this letter to submit with your signed offer.
Proof of Funds – Regardless of how large or small your down payment is, or if you’re paying ALL cash for the Santa Clarita home you’re buying – you’ll need to show proof of funds. You don’t know the owner, they don’t know you. They want to make sure they’re taking their home off the market for a buyer who has the money they’re stating they have in the written offer. Makes sense, right? Show Me The Money! And show you will – if you want to make an offer. Please have your Proof of Funds ready and submit that to the Santa Clarita real estate agent you’re working with on finding a home.
Let’s recap: Two things you need to give your Santa Clarita Realtor before searching homes for sale…
1) Loan Pre-approval Letter
2) Proof of Funds
Your agent will package up your signed offer, loan pre-approval letter, and your proof of funds, and submit that package to the agent representing the seller on the home you’d like to make an offer on.
Ready to buy a home? Need to get on the right path to homeownership? #AskRobertSCV You can start by calling our team today at 661-373-2374. 7 days a week!
Here’s the most recent episode of AskRobertSCVTV which touches on this topic of the two things you need to have prepared before starting your Santa Clarita home search.