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Success F inan ce HOME HOPEFULS While the most frequent real estate question I get asked is: “How’s the market?”, I quite often come across many individuals with the misconception that buying a home is out of reach. Most people are under the impression that they need a large down payment, excellent credit and a hefty salary to qualify for a home loan. While there are a few items you must check off on that list, buying a home is much easier than you think. With as little as 3% down, average credit and a great realtor to help you negotiate the price, you can even land yourself a shiny new condo on Brickell Ave. The best advice for anyone looking to purchase a home is to start by reaching out to a local lender who can review your finances and tailor a loan program to your specific needs. The lender can also catch issues that might come up during the approval process down the road giving you ample time to get your credit and financial statements in order. Another important step in purchasing a home is to narrow down the neighborhoods or buildings you have in mind with an experienced agent. This way, you can study the market and learn what a good pricepoint is to snag a deal in that area. ABOUT THE AUTHOR Miami, Wesley › Ulloa Born and has been raised a in top-producing realtor for over a decade and Founder of Luxe Properties LLC. To have her help you find a home today, call 305.986.7041 or visit LuxeKnows.com. 38 ORDINARY OVERSIGHTS Got the escrow jitters? Don’t worry! To steer you in the right direction, we’ve collected a few of the most frequent faux pas people make when purchasing their first home. TEX T BY WESLEY ULLOA BUYING POWER A local lender can structure a loan that will help you qualify for more or require a smaller down payment. They will also help repair your credit as well. REAL EXPECTATIONS Learn the past sales in the area along with must-have needs for your home. That way, if a good deal comes on the market, you’ll recognize it immediately. EXPERT HELP Issues always come up throughout the real estate process. Experienced agents know how to solve them quickly to help you reach your home-buying goal as painlessly as possible.