Buying a home today: What you need to do to be ready

Anabela Vargas PhotoAccording to Canton Co-operative VP/Senior Loan Officer Anabela Vargas, “Anyone who’s starting to think about buying a new home should be in contact with their lender to start talking about financing very-very-very early – ideally before going out to look at properties.”

Buyers used to be able to wait until they found a house to line up financing. Right now with houses selling within hours or days, there is no time for that. (That’s one of the many reasons why most real estate professionals in Metro Boston will not take the time to show properties to potential buyers who haven’t done the critically-important legwork of getting pre-approved. In this area, pre-qualified is not good enough anymore.)

Some buyers aren’t aware of this but it matters to be getting your financing from a lender that local real estate professionals trust to get the deal done. How come? Because with multiple qualified offers to choose from, sellers tend to go with offers they and their REALTOR® believe will get to the closing without unnecessary hassles.

Local real estate people consistently tell us that Canton Co-operative Bank has a very good reputation for smooth closings. If you’re with a lender who doesn’t, you do have an option. Come in and get a 2nd pre-approval from us. Bonus – getting a pre-approval is free!

Has it gotten more difficult to get an offer accepted on a Metro Boston property? Yes, it has! What do you need to do to be ready? It’s different for everyone. Come see us at Canton Co-operative – right next to the Post Office – or email/call VP/Senior Loan Officer Anabela Vargas at 781-828-8811 x4 .

Canton Co-operative Bank NMLS – #721437
Anabela Vargas – NMLS #582849 – Falo Português.


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