The process of buying a home can be intimidating whether you’ve done it before or not. We are here to make the process go smoothly! Michael Carpenter is a seasoned Realtor in Las Cruces and the Las Cruces Luxury home market. He has immense experience working with the homes for sale in Las Cruces NM. If you want to know more about the neighborhoods, schools, and local activities, contact Michael for more details.
All About Credit
Having good credit is a big factor in getting loans and buying a home. Banks like working with those that have good credit. It makes the process more smooth and less stressful. The major things to avoid are opening to new credit card and gaining any debt leading up to buying a home. Just to be safe, order a credit report to make sure there aren’t any issues with your score.
Down Payment and Closing
Let me fill you in on the details with down payments. The more you can afford to put down upfront, the better deal you will get in the long run. Generally down payments range from 5-20%, and closing costs can be around 1-3% of the total home price. Keep these costs in mind when you start to budget for your home.
There are a number of different loans to choose from. Whether it’s a standard 30 year mortgage or an adjustable rate, there and pros and cons to all. Speak with your agent more about the options that are right for you. It’s best to do a bit of research before hand.
And now the fun part. You are ready to start looking for your perfect home! Keep in mind your wants and needs, even make a list if it helps. Consider things like commute, distance to schools, and the home’s neighborhood. Also consider the number of bedrooms and bathrooms, kitchen amenities, and more. Speak to Michael to get started looking at the many diverse homes for sale in Las Cruces NM, and utilize this site to search all Las Cruces luxury listings.
When you’ve chosen the perfect home for you and the contract comes, make sure you read it carefully and make any adjustments you see fit. It is important to write down what stays and goes in the house. Also make sure that you get any verbal agreements in writing. All of these things will minimize future stressful situations.
Get Your New Keys!
After everything is said and done, it is time to get the keys to your new home! Once you sign the final papers, you will have your new keys in hand!