What’s the best way to buy a house in Bradenton, Manatee in 2023? Tips for first-timers
-
Loading... - Olivia Carrick
- 03 Mar 2023
- 64 Views
- 0 Like
- 0 Comment
It’s the 18- to 40-year-old demographic that’s among the hardest hit by skyrocketing housing costs in the Bradenton area.
By popular demand from its members, Manatee Young Professionals, a program of the Manatee Chamber of Commerce, presented its first home buying 101 panel on Tuesday.
A key takeaway from Tuesday morning’s session for Mitch Lomazov, 26, of Excellence Performance, was don’t stay in your “silo” when considering buying a home.
Be involved the process. Talk to your real estate agent. Talk to your insurer. Talk to your mortgage broker. Communicate frequently.
Home buying is often a topic of conversation among member of MYP, who want to know more about the roadmap to home ownership, Lomazov said.
Monday morning, Brandon Terry of Mortgage Team, Brooke Mailloux of Florida Suncoast Real Estate and Katie Rose Howard of Insurance Time of Bradenton offered some suggestions at the Chamber’s Lakewood Ranch office.
NEVER TOO EARLY TO START
So, where to start?
Know your credit score and get pre-approved for a loan, Terry said.
Getting pre-approved a year ahead of time is not too early to start. That helps the buyer know what they can afford and helps the agent know what homes to show that fit the budget.
Also suggested:
▪ Gather your pay documents. Your W-2 form, your most recent pay stub and your tax return.
▪ Know your debt-to-income ratio. What is your monthly gross income and your monthly debt?
Read More….
