My name is Lori Cofer of Beasley Realty and I am licensed in both WA & ID serving Whitman and Latah Counties. I enjoy helping clients find the house that says home. Here are a few tips you might find helpful as you begin your journey to buying your new home.
GET YOUR FINANCES IN ORDER 
Credit scores, your overall income, and your debt are all important factors in determining whether or not you will qualify for a loan and what the terms of your loan will be. Don't be afraid to shop around. But do shop for mortgage rates all at once. Rates change daily, so make sure you are comparing apples to apples. It is true that too many credit card applications can lower your credit score, but several inquires from the same type of lender are counted as one inquiry if done in a short period of time. So be prepared to do your shopping around as quickly as you can.
Credit scores, your overall income, and your debt are all important factors in determining whether or not you will qualify for a loan and what the terms of your loan will be. Don't be afraid to shop around. But do shop for mortgage rates all at once. Rates change daily, so make sure you are comparing apples to apples. It is true that too many credit card applications can lower your credit score, but several inquires from the same type of lender are counted as one inquiry if done in a short period of time. So be prepared to do your shopping around as quickly as you can.
WORK WITH A REALTORFind a REALTOR®. They are the experts in buying and selling real estate. You may buy or sell a few homes in your lifetime, but REALTORS® deal with real estate transactions on a daily basis. Furthermore, real estate law varies from state to state and are not static. Real Estate is an ever changing business, and you need someone who is well informed to guide you through the complex process of a real estate transaction.
GET PREAPPROVED 
This is a tremendously important step. Your want to begin your home search understanding your price range. You don't want to fall in love with a home you can't afford. Your REALTOR® will show you properties that are within your price range and that fit your needs. Also, start looking at the low end of your price range. You never know what you may find!
What if you don't qualify at this time? There are things you can do to improve your situation for the future. Don't get discouraged! You can do it!! Make a budget and stick to it. Save for your down payment and closing costs. Pay down credit card debt. Check your credit report. And if you possibly can, wait on major purchases like automobiles which can increase your debt to income ratio considerably.
This is a tremendously important step. Your want to begin your home search understanding your price range. You don't want to fall in love with a home you can't afford. Your REALTOR® will show you properties that are within your price range and that fit your needs. Also, start looking at the low end of your price range. You never know what you may find!
What if you don't qualify at this time? There are things you can do to improve your situation for the future. Don't get discouraged! You can do it!! Make a budget and stick to it. Save for your down payment and closing costs. Pay down credit card debt. Check your credit report. And if you possibly can, wait on major purchases like automobiles which can increase your debt to income ratio considerably.
BE REALISTIC
Make a list of needs versus wants. Start with your needs. Then make a list of wants or desires. Often buyers begin the process of looking at home, only to find out their perception of needs versus wants change. Be realistic about your list. And make sure you communicate that to your REALTOR Do, however, keep an open mind. Remember, there is no perfect property. Focus on the top priorities of your list, and let the more insignificant ones or things that you can easily change go. Let's begin that journey!
Questions? Feel free to contact me. I am here to help!
Lori Cofer, REALTOR® 509.330.0086
http://www.mypullmanhome.com/
Make a list of needs versus wants. Start with your needs. Then make a list of wants or desires. Often buyers begin the process of looking at home, only to find out their perception of needs versus wants change. Be realistic about your list. And make sure you communicate that to your REALTOR Do, however, keep an open mind. Remember, there is no perfect property. Focus on the top priorities of your list, and let the more insignificant ones or things that you can easily change go. Let's begin that journey!
Questions? Feel free to contact me. I am here to help!
Lori Cofer, REALTOR® 509.330.0086
http://www.mypullmanhome.com/
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