Source: https://youtu.be/7ehaT5TqHI4

Are you looking to buy a Delaware home and don’t know where to start? I got you. In this Delaware home buying guide, let me walk you through the initial steps you need to buy a home here in Delaware. Are you ready? Let’s jump right in!

Step No. 1: Find a Realtor

The first step is finding a trustworthy realtor with whom you enjoy hanging out. On top of that, you want to make sure that they know the area, see the school districts, understand your wants and needs and have them at heart first. And of course, what better way to look for trustworthy realtors than here at Loft Realty!

Here at Loft, we know Delaware homes inside and out, and we always consider your needs first and make recommendations suitable for you. And the most important part; you’ll surely enjoy working and hanging out with us!

Step No. 2: Contacting A Lender

The second step for most people will be contacting a local lender that knows the market. After all, you need a reasonable lender to provide you with capital to pay for your home more effectively. But, you may wonder, what kind of questions do lenders ask, and how does it affect your approval process?

You might be anxious about them discovering you order Taco Bell every night. Or, you might be embarrassed that you don’t have $100,000 in the bank to make a down payment. Is the lender going to disapprove of you if you don’t have an 800 credit score like your parents?

Calm down your worries. Yes, these lenders will look for your bank account activity, but don’t fret. All these lenders simply want to know the answer to this question: “do you make more than you spend?”

Their findings will let them know if you can afford the new mortgage that you’re looking at and if you can sustain the monthly payments afterward. And when it comes to your credit score, you only need a 620 minimum credit score to be able to qualify for most government programs. Knowing these numbers will help your mind be at ease as you prepare your cash flow and credit scores before contacting a lender.

Step No. 3: House-Hunting!

Once we get your financial situation sorted out with your lender, we now go to the fun and exciting part! Step three is to get to look at some Delaware houses. You and I, your realtor, will work together, strategize your wants and needs and find what listing is available in the different school districts, neighborhoods, counties, or cities that best fits your situation.

Once we find a home that suits you, we can start the transaction process, and that’s another set of steps for a different time.

Delaware Home Buying Guide

So, that’s it! You already know the first three steps in buying your Delaware home. And to further guide you, we put together a one-page, easy-to-read, simple document that outlines every step from just getting started to claiming the keys to your new home.

Suppose you own a home and want to strategize how to time the current housing market. Or, maybe this is your first time buying a home. Either way, our Delaware Home Buyer’s guide is for you. To access this exclusive guide, simply click here or email us at Hello@LoftTeamDe.com because here at Loft Realty, we continue to be the difference you deserve.