House Hunting When You Are in a Time Crunch

In an ideal world, you would have plenty of time to find the perfect home. However, that does not always happen. Maybe you are relocating because of a job transfer. Fortunately, it does not have to take months to find the perfect home. You can speed up the process of buying a home utilizing these tried-and-true tips.

Here are some of the best ways to speed up the house buying process.

Find An Experienced Real Estate Agent An experienced real estate agent has an extensive network and many connections. They might know what properties are coming on the market before anyone else does. They can also help you assemble a talented team of real estate professionals such as a mortgage banker and real estate attorney.

Get a Mortgage Pre-Approval

Obtaining a home loan is a lengthy process that requires lots of paperwork. You can speed up the process by getting pre-approved before looking for homes. You will need to gather some paperwork for pre-approval including bank statements, tax returns, and information about your debt. Have all these things ready when you talk with the mortgage loan officer.

Having a pre-approval letter also demonstrates to sellers that you are serious about buying. They might be more likely to respond quickly to your offer if they feel that the deal will go through.

Make A List of Things That You Must Have

If you are in a hurry to buy a home, you do not want to waste time looking at houses that won't meet your needs. So, before doing any online research, make a list of things of your must-have amenities. Zeroing into the things that you must have will help keep you focused on properties that are right for you.

Search Areas That Have Lots of Inventory

Do not waste time looking at communities without much inventory. The real estate market will be more competitive. Instead, try choosing areas that meet your needs as far as easy access to your work, quality of the school and so forth. Make sure that they have plenty inventory available. You might have to hunt in surrounding neighborhoods to find something quickly.

Be Available to Act Quickly

If you want to close quickly, you must be available to act as soon as an offer is accepted. It is essential to be available anytime to contact your agent, respond to counteroffers and answer questions. Provide your agent with multiple ways to reach you -- phone, email or text. Contact a trusted mortgage advisor with Bond Street Mortgage today to help you with pre-approval for your new home purchase. This is one of the most important and timely steps you can take to ensure a smooth transaction when you are ready to put in an offer on your new home.