For many people, buying a home can feel like the fulfillment of a lifelong goal — finally enjoying the benefits of all of their hard work, savings, and planning. However, getting to the closing table requires several steps, some of which are not always easy. To make this goal a reality, it’s crucial to prepare well in advance and find a trusted real estate professional.
If you plan to buy a home in the near future, our team of experts is here to educate and help you enjoy a successful experience. Find answers to all your questions in our latest Ebook, The Home Buyers’ Mortgage Guide:
Steps Involved in Buying a Home
There are a number of steps you will need to take when purchasing a home, including:
How do interest rates affect purchase power when buying your next home? Among other factors, interest rates have a significant impact on how much home a buyer can afford. What many don’t realize, is how drastically the buying power diminishes with a relatively small rate increase. Our EBook illustrates specific examples and calculations of the relationship between buying power and rising rates.
The Importance of Your Credit Score
Your credit score is another important factor when it comes to buying a home. This comes as no surprise, given how much our overall financial well-being is tied to it. In our buyers’ guide, you’ll learn how the credit score is calculated and percentage weight allocated to each of these factors:
From your first home to your forever home, Reali has a smart solution to help you on your journey. Learn more about Reali's products and services across California, and explore real estate topic and trends.
5 Expert Tips for Winning a Bidding War in Sacramento