Home Buying in Today’s Market Buying a house can be very exciting, as well as very stressful! In the past the supply of homes for sale has gener- ally offered more than enough homes for buyers to buy. The market isn’t like that now. The number of houses on the market has drastically diminished. More and more often when a house comes on the market, if it isn’t al- ready sold, it will usually sell within a few days, if not hours. What can you do to improve your chances at getting your offer accepted? Get APPROVED – not prequalified, not preapproved – go through the steps to be totally approved. At First State Bank Shannon-Polo-Lake Carroll we have a program that will do exactly this. The Listing and Selling Realtor will know you have been approved financially, giving you an edge over those who still need to prove their income and assets. There are times with prequalification’s or preapprovals where the lender may run into some issues that could delay the closing. Having the work done before hand ensures your mortgage is many steps ahead of others and your information has been fully approved. Being approved will also tell you what your highest purchase price can be. Whether it is the highest according to your income and current debts – or if it is the highest payment, you feel comfortable with. This will be important as many homes are selling at list price or higher. Being prepared will help you know what homes to look at and where to stop in your negotiating. Give us a call for more information on this program! We will have more ideas and tips for you to help you buy the home of your dreams over the next few issues. Also, if you are lacking down payment funds, we may have some helpful ideas including our Down Payment Assistance Program (DPP). To see if you meet the qualifications for the Down Payment Assistance Program or would simply like to talk to one of our Mortgage Bankers feel free to call.
www.fsbshannon-polo.com
Michelle Berard (Production B) has been sketching scenes from the Main Plant Break Room while on break lately...
14 Crest Ink Januiary, February & March 2022
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