Before You Shop:
- Be a smart consumer. Learn the financing basics. Know how to shop for a home loan that's right for you.
- Get pre-approved. This takes very little time and lets you know the price range that fits your lifestyle.
- Know what you want. The last thing you need is to close a deal and realize you bought a house you don't want. Ask yourself what you're looking for in a home, before you shop. Think about size, commute time and necessary repairs.
- Keep your debt load to a minimum. Don't make major purchases or incur any additional debt until after your purchase. Pay down credit cards and don't apply for new ones.
- Remember, financial institutions evaluate your financial situation on your gross monthly income. Your total monthly house costs should not exceed 28 percent of your gross monthly income.
- Be prepared to view new properties quickly. Sometimes Chelan real estate and the surrounding areas sell quickly, so be ready to make fast decisions. Be accessible to change the terms.
- Have instant access to your agent. Instant communication can mean the difference in purchasing the property of your choice.
