With
my clients, I always have them start by speaking to one of my trusted mortgage
lenders that I work closely with. There are so many different types of
financing options; it’s definitely not one size fits all. Depending on credit
score, debt to income ratio or type of property you want to purchase, the type
of financing you may use or be eligible for may change.
Second,
if you haven’t already hired one, find a local realtor that you trust. It’s a
great idea to ask friends and family for references if they have recently
purchased a home. You can also check for recommendations on different online
sites to make sure the person will be a good fit for you.
The
next person you need on your team is a home inspector; a critical part of the
home buying process. A home is likely the largest investment you’ll make in
your lifetime, and you want to make sure you know what you’re buying. Usually,
the realtor you work with will have a few trusted home inspectors that they
will recommend to you.
The
title company will also work to ensure that you can get free and clear title
(deed) at closing and issue owners title insurance at closing to cover you if
any issues arise after closing. This referral will likely come from either your
realtor or lender.
The
final person on your team is an insurance agent. You’ll want to make sure your
policy covers you if something should happen to your home, or at your home.
Asking your realtor and lender for a referral is a great idea, and I also
recommend you call whomever you currently have your car insurance through,
because bundling the two usually gets you the best price.
Cari
Turnbull is a Windham resident. She leads a team of top producing agents in the
Greater Portland Area. She hosts free monthly classes for home buyers and
sellers to better educate them on the process. For all your real estate needs
contact Cari cturnbull@themainerealestatenetwork.com
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