4 Things A Buyer Should Know Before Purchasing a Candlewood Lake Home

4 Things A Buyer Should Know Before Purchasing a Candlewood Lake Home

If you are planning to buy a Candlewood Lake home for sale and are confident about your financial status and ability to obtain a home loan, then nothing should stop you from getting your dream home by the lake.

However, it is always best to be prepared and gather all the important information you need before buying a home so you can make an informed decision that you won’t regret later on.

Check out these tips gathered from real estate professionals before buying a Candlewood lakefront home for sale:

1. Make sure that you can afford the home and other related costs. Take a good look at your overall financial situation to determine how much house you can afford. The rule of thumb is the cost of the monthly home payments should not go over 33% of your monthly income. It is highly recommended that you also use one of the online calculators to learn how you can handle your income, debts, and expenses better and how they can affect how much home you can afford.

2. Get pre-approved before you start house-hunting. It will save you the heartache of looking at houses that you cannot afford. Getting pre-approved will also put you in a better status to make a deliberate offer when you find the house you are looking for.

3. Evaluate your personal situation. Look at your financial status, your ability to pay back loans, and your capacity to send your children through college. These are the things that you should be certain of before making the decision to buy a Candlewood Lake home.

Start by checking your credit history and do all you can to increase your credit score. Obtain copies of your credit report months before you start house-hunting. Make sure that the report is accurate report any problem you may find.

4. Be ready with cash. You would need to shell out cash for the downpayment and closing costs of a Candlewood Lake home for sale. Lenders require between 3.5% and  20% of the home’s selling price for the downpayment. If you are a veteran, you could qualify for a VA loan with 0% down. After considering the down payment, make sure you have enough cash left to cover other fees and closing costs, like appraisal fee, attorney's fees, inspection fees, loan fees, pre-paid property taxes and other expenses.

Home buying can be stressful if you are unprepared and do not get the help of an experienced Candlewood Lake agent. To avoid problems when purchasing a Candlewood Lake property, make sure to follow these tips and hire only the best agent with experience in Candlewood Lake CT homes for sale.

Check out http://www.CandlewoodLakeCTRealEstate.com/ to see listings of available Candlewood Lakefront homes for sale that fits your budget.

Call me, Deborah Laemmerhirt, now at 203-994-4297 and let me assist you with everything you need to know about buying or selling Candlewood properties. My years of experience as a preeminent real estate professional in Ridgefield, Redding, Wilton, New Fairfield, Brookfield, Bridgewater, Roxbury, Washington, Weston, Westport, Southbury, Kent, Sherman, Easton, and Bethel, CT, combined with my dedication to providing the finest service will make it easier for you to find your dream home in Connecticut.