So you’re interested in trying to speed up the process of buying a house in Columbia? Good for you. You certainly don’t want the house buying process to drag on for months and months. The whole process – appraisals, securing financing, closing, and all the related details – generally take a minimum of three months. So to help you out, we offer these…
4 Tips That Can Speed Up The Process Of Buying A House In Columbia
1. Plan Ahead and Know What You Want
The plain fact is you’ll most likely be competing against other buyers. So if you want to come out ahead of them and speed up the buying process, you will need a plan. And the most important component of your plan is to know exactly what you want.
Before you do anything else, take some time to sit down and determine what you’re looking for in a new house. First, consider the big picture: the personality of the neighborhood, local education and employment prospects, local amenities, and house features. Then you drill down to actual sale features you’re looking for: the price of the house, how much of closing costs you’re willing to pay, how much need for repairs you’ll accept, and so on.
Being forearmed this way with an exact idea of what you’re looking for will keep you from wasting time with unlikely house prospects and will help expedite the house-buying process.
2. Get a Pre-Approval
This is something real estate agents have always recommended, and it just makes good sense. Getting loan pre-approval before you even begin house hunting helps you narrow your search options (as in the tip above) because you will know exactly what you can afford. In addition, when you find the house that meets your criteria, you can make an offer right away. You won’t have to wait around while your lender drags their feet in approving your loan, and the process moves along at a much speedier rate.
3. Sell Your Columbia House Now
If you own a home that you’re currently living in, a good strategy is to sell it before you find (or perhaps even look for) a house you want to buy. The process-speeding benefits here should be fairly obvious, but the reality is that many people wait till they find the house they want to buy before trying to sell their current home – which, remember, with the three-month process period, could result in a total waiting time of six months or more. Some real estate pundits even recommend renting a home if you have to in order to make sure you can sell your current home first.
4. Try to Schedule an Early Closing
Another recommended (and effective) practice is to schedule an early closing date ahead of any other possible, related deadlines. Also, scheduling an early closing gives you some wiggle room in case anything goes wrong and the deadline has to be extended. Say, for example, you’re interested in buying a house in Columbia by the end of May. In that case, you should schedule the closing for mid-April or earlier.
The day of the week and where it falls in the month make a difference, too. It’s best, to schedule a closing date somewhere near the middle of the week when the parties involved aren’t consumed with end-of-the-week or beginning-of-the-week activities. In addition, you shouldn’t close at the end of the month either. That’s when title companies and lenders are often overwhelmed with homeowner paperwork. And the chance for errors that can cause major delays is much greater.
Are you interested and would like to speed up the process of buying a house in Columbia without the usual delays and headaches? If you are, we most likely have a solution to help speed up the house-buying process and would welcome the opportunity to discuss it with you.