As we approach the end of 2013, homebuyers in The Woodlands may be preparing to buy a home within the next few months or even move within the next year. Changes have been happening lately in the real estate market, including rising mortgage rates and home values, and if you’re planning to buy Woodlands TX real estate in 2014, you can begin preparing now with the following steps to make the process run more smoothly.

Ask Questions
Start by teaming up with The Woodlands Rock Star to answer all of your real estate questions. If you’re confused now, there’s nothing to worry about. When you team up with the experts in real estate, you can be assured you’re in good hands. There’s a lot to understand about mortgages and terminology that may be confusing to first-time buyers— including figuring out how much home you can afford based on your income, how much is tied up in debt and other loan obligations. So ask questions! The first step to a smooth transition into homeowner is asking what you’re uncertain of and listening to your real estate agent break it down.

Get a Hold on Finances
Perhaps the most important step you can take now to buy homes in The Woodlands next year is getting a hold on your finances. Have debt? Try to reduce it now, which is also true for any homebuyer, no matter if it’s your first or third property. According to MSN Real Estate, “Potential homeowners  should be extra motivated to conquer their debt: Under new ability-to-repay requirements necessary to attain a qualified mortgage, a borrower’s debt-to-income ratio must be 43% or less, including the potential mortgage payment.”

Planning to manage your debts now can only help you as a Woodlands homebuyer when you’re ready to buy a home.

Start the Paperwork
Acquiring a mortgage and getting pre-approved for real estate in The Woodlands can mean a lot of papers to sign, a lot of documentation to obtain, and more. Starting that paperwork now can save you time in the long-run and ensure you don’t have any unforeseen challenges when it comes to securing the loan. “Borrowers should ask a lender exactly what they’ll need to provide, and in order to answer lenders’ questions, they should also take stock of their credit profile,” suggested MSN Real Estate.

Purchasing a home in 2014 isn’t as far away as you may think— in fact, starting the paperwork now and getting your real estate questions answered can put you ahead of the game and that much closer to moving into your dream property in The Woodlands.

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What to Do Now to Buy The Woodlands Real Estate Next Year



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