Buying a Sea Isle City Condo
In towns across The Jersey Shore, our agents are assisting buyers shopping for condos. Agents work with buyers to search all homes and condos for sale, tour until they find the right home, give honest opinions, draft the offer, professionally negotiate the deal, keep everyone updated throughout the transaction, and ultimately present the keys to happy condo buyers.
5 Initial Steps to Buying a Sea Isle Condo
Before finding a lender it’s wise to get educated on the loan process and key factors that will make a loan affordable. Understand the items that contribute to the total cost of securing a loan, including discount points, appraisals, and real estate commissions.
Get Your Finances in Order
Obtain a copy of your credit report, free services are available. Take the time to understand your report and review for any errors. Correcting errors can improve your credit score and result in a better loan and more affordable rates.
Establish a Budget
Create a monthly budget and itemize your recurring expenses. Estimate maintenance costs, taxes, utility bills, condominium association fees. It’s recommended that a mortgage payment shouldn’t exceed 33% of your total monthly gross income.
Getting in touch with a lender is the best way find out what you qualify for. A loan officer will take your debt to income ratio, run your credit and give you what is known as a Pre-qualification Letter. Once you have been pre-qualified by your loan officer, you can begin to put in offers.
Search For Condos
What area, or neighborhood do you want to live in? What style of condo and amenities are ideal? Talk with your agent about everything you’re looking for in a home so they can review all options to find a home that you will love. Work with The Lazarus Team for our value added service and time tested negotiation skills. We know condos best. From Oceanfront condos to bayfront condos and everything in between we will make the process fun and rewarding.
Contact the Lazarus Team for appointments and questions about condo buying at the Jersey Shore.