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Get the home you want faster

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Buying a home is definitely not a speedy process. From looking at houses to finally closing the sale, the whole transaction could take months. The lengthy procedure could pose a problem for those in a hurry to move to a new home.

To make the home buying process faster, here are some tips to try:

Get pre-approved for a mortgage

A pre-approved mortgage makes searching for a home quicker and simpler by giving you a definite price range. With this knowledge, you can filter your search and consider only the ones within your budget.

A pre-approved mortgage is also proof to the seller and their agent of your sure intent to buy. It minimizes any delay or forced cancellations during escrow as well.

Have all your documents in order

The whole buying process requires tons of paperwork. Thus, it is best to have all your documents ready beforehand. Even the simplest of forms can delay the closing for weeks if it’s not yet on hand.

Here are documents you need to have for a mortgage application, underwriting, and closing process in New Jersey:

  • Recent bank statements
  • Federal tax returns for the last two years
  • Pay stubs
  • Recent statements for outstanding loans or lines of credit
  • Marriage licenses, divorce settlements, bankruptcies or child support documentation if applicable

Be particular

If you’re trying to buy a home fast, make sure to specify exactly what you want. Create a short but precise list of things your potential home should have and only consider homes that fit your criteria.

Before making your list of home must-haves and must-nots, first consult with your agent to make sure your list fits with the homes in the area and your budget.

Make a strong offer

Make sure your offer is as strong as possible with the expertise and guidance of your real estate agent to help you. Spending time going back and forth with the seller to negotiate a price will only delay your purchase.

Making a strong offer doesn’t necessarily mean offering the highest price. You could opt to pay a larger down payment while paying less monthly. Having a fast closing date helps make your offer more attractive as well. This gives sellers the assurance that you’re not likely to back out on the deal at the last minute.

Hire a real estate agent

The key to a quick purchase is getting the right real estate agent for the job. Hire an agent who is familiar with the area you’re looking into and knows the ins and outs of the local market.

A good agent will be there to make the whole process easier and run smoother. They can also connect you with other real estate professionals who can speed expedite the transaction.

If you’re looking for an agent who knows all about Somerset County, NJ’s local market, let the team of expert realtors at Pagnotta Homes assist you. Get in touch with them today by calling 908.436.794 or sending an email at info(at)pagnottahomes(dotted)com.