A real estate agent knows the housing landscape in your area. Because of this, they’ll know about comparable homes and pricing trends. They’ll also know the right negotiation tactics to try with the seller’s agent.
You may even be able to learn about houses before anyone else. If your real estate agent knows your criteria and stays connected with colleagues, they’ll be on the lookout for you. After all, they stand to gain a commission of around 5% if they find you the right home!
Save Time
The biggest reason to hire a real estate agent is that it saves you time. When you’re trying to adjust to life out of college, you don’t need one more big task on your to-do list.
Communicate with your agent so they know your housing preferences. Show them your loan pre-approval and they’ll know the range of houses you can afford. Then let them do the legwork for you!
Are you wondering if it is possible to buy a house while paying off your student loan debt? Yes, it is possible. But you’ll need to work on increasing your income while reducing your debt no matter where you are in life. For many, the affordability of a city can play a large part in their ability to afford a home. This is one of the reasons people move to a place like Raleigh, or North Carolina in general. Other great options of places to move to include states like South Carolina, Georgia, Florida, Virginia, and Tennessee. People are relocating to the southeast because there are high-paying jobs with the affordability of real estate.
Work on a Better Debt-to-Income Ratio
Lenders will use your debt-to-income (DTI) ratio to determine how much house you can afford. Debts refer to car loans, student loans, or credit card debt payments that you need to make. Continue reading “Balancing Student Loan Debt with the House Hunt”