The market for real estate is busy these days.  If you have decided it is time to buy a home in the Collin County area, there are a number of steps you should take even before you begin to actually look at homes.

Before you take another step, check your credit rating.  The FICO scale is the standard scoring scale for credit in the United States.  This scale gives lenders the information they need to determine if a potential borrower is a good or a poor risk for a loan.  If you have a poor credit rating, you should make it your top priority to improve it.  A poor credit rating doesn’t make it impossible to buy a house, but a good rating makes the process a lot smoother.

Once you have established the fact that you do have the credit you need to buy a home, you can begin the process of pre-approval for a loan.  This will let the people who are selling a home know that you are making your offer in earnest.  They will take it as a serious offer.  Another advantage of pre-approval is that you will have an idea of what you can realistically afford.  You will know what price range to explore and that will keep you from unreasonable expectations.

Practicality is a watchword when looking for an affordable house.  Buying a house that needs work doesn’t always mean that you are settling for something less than you want.  It often means that you see the potential of a property and can visualize the home you would like to make of it.

The other important thing to consider is a reliable real estate agent.  Check out the person who will represent you in what is possibly the largest investment you’ll ever make.  Be sure their credentials are in order.  Look for testimonials and ask lots of questions.  This shouldn’t bother a true professional.

The Collin County area is a great place to buy your first home.  Perhaps you would like to buy or list a home here.  The Fejeran Group serves the entire North Dallas area, including Plano, Frisco, Allen, McKinney, Garland, Van Alstyne, and Sherman. Contact me to find out how we can help you reach your goals.

Sheila Fejeran

(972) 984-0715