Getting Ready To Buy
Whether you are looking for your first home, your dream home, or an investment property, PMI Capital District is committed to providing you with the highest quality buyer services. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the best advice, which we can provide you.
Purchasing a property is one of the biggest financial decisions you will ever make. Whether you are a first-time home buyer or an experienced investor, you must make careful decisions throughout the buying process. Below are some things to consider before you buy.
Why Are You Buying?
Are you tired of paying expensive rent, or have you outgrown your current home? Are you looking for an investment property? A clear sense of your “why” behind a new purchase will help you evaluate the right factors and choose the best property.
Are You Ready To Invest?
Property ownership has been one of the top strategies for building wealth - and still is! Whether it’s your first home and you’re building your first asset or looking for a rental property, it’s a great time to invest. Property investments are some of the most stable assets to build and don’t carry the risk like other forms of investment, such as stocks or collectibles.
Fill out the form and we will be in touch. Want immediate help? Call us at 518.618.6872 to get started now!
Other Things To Consider
Get Your Financials in Order
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability. Large purchases or loans can affect your credit and balance sheet, which can limit your buying options. Your credit score will significantly impact the type of property you can buy, your interest rate, and your overall property price. We can work with one of our preferred lenders to get an updated credit to know exactly where it stands. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian, and TransUnion. We are happy to recommend seasoned, knowledgeable lenders in the residential, construction, commercial, and investment real estate fields.
Organize Your Finances
When it's time to make an offer, you’ll want to know you’re fully prepared to close the deal. Preparing your finances is crucial to avoid delays, bidding wars, or conflicts.
- Bank accounts
- Recent pay stubs
- Check Your Credit Rating
- Financial statements
- Tax returns for two years
- Auto and other loans
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information
Prequalifying for a loan will help you with the following:
- Finding the ideal price range you can afford
- Determining what your monthly payment will be
- Understanding the different loans you qualify for
- Estimating the down payment and closing costs
Get In Touch With Us
Fill out the form below and we will be in touch. Want immediate help? Call us at 518.618.6872.
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- Greater Capital Region