Autumn is a lovely time of year to buy a. Next to spring, it’s the second busiest time of year to make a home transition. If you are interested in making a home purchase yet this year, you may want to consider the following tips for how to buy a used home in Stockton CA.
While most real estate professionals and news outlets are characterizing the current state of the industry as a “seller’s market,” you need not be deterred from looking for a new home. Because home values are rebounding, more home owners are in the position to sell their homes, thus there are nearly 500 houses for sale in Stockton at a variety of price ranges. Getting pre-qualified can be a bit of a hassle. You will need to give the lender information on income, assets, and debt. When working with a traditional lender, you’ll need a credit score of 720 or higher to qualify for the best terms. Also, your estimated mortgage payment plus all your other debt servicing (i.e. credit cards, student loans, car payment, etc) must be less than 30% of your monthly take-home income. If you’re having trouble getting pre-qualified with a traditional lender, you may want to consider working with a real estate investor, like Perfect Path Investments. Often an investor has the flexibility to work within your present circumstances when a traditional lender cannot.
You probably know how a real estate agent can help you find a good home and how a lawyer can help you with the paperwork. So today we want to share with you one possible way to gain a slight advantage: contact your local real estate investor. According to Cory Fisk, a professional real estate investor with Perfect Path Investments, “Buying a home through an investor provides access to inventory that may not otherwise accessible to the general public or other agents. Your dream home might just be in the investor’s private inventory.”
According to Fisk, “One of the great advantages of working with an investor is the ability to close a lot sooner than you would if you were buying from somebody else.” When you buy a used home in Stockton CA directly from a real estate investor, you don’t have to wait for anybody to move out because the property will already be empty.
Once you decide you want to buy a home, you may wish to start organizing your belongings so that you can pack easily. Waiting until last minute to pack will leave you stressed and rushed. It is much better to pack early and save yourself the stress of last minute packing. Fisk advises, “Be systematic with your packing. Go room by room; use uniform sized boxes that are easy to lift when full. Clearly mark the outside of the boxes as to what room they go to in your new house. And above all, start as early as you can.” Another benefit of starting early is the ability to sort through your belongings and decide what you’re going to bring along and what you’re going to throw or give away.
If you’re getting ready to buy a house in Stockton CA, your experience will be much better by following these three easy steps.