Kevin Seawright is an entrepreneur in Baltimore, MD, who founded RPS Solutions LLC. His company helps people get on the path to homeownership throughout Baltimore and nearby counties. He says the mission of his company is to create stable and healthy communities by helping people buy their first home. RPS Solutions works with families, seniors and those with special needs.
His company invests in homes in Baltimore and its surrounding areas. The homes are then renovated before being sold to first-time homebuyers. Kevin Seawright said his company’s mission is to provide people with affordable homes. They build wealth through homeownership and strengthen the community they live in. RPS Solutions partners with local and national organizations, including the National Community Stabilization Trust.
Kevin Seawright says the first step in buying a home is finding out your credit score. Your credit score determines if you qualify for a home loan and at what interest rate. Lenders take other factors into consideration as well, such as debt-to-income ratio and your employment history. If you have a low credit score, you’ll need to improve it before you can qualify for a loan.
He said finding an experienced real estate agent is crucial. Meet with several agents and ask for references. Look at their online reviews while keeping in mind people are more apt to leave a poor review than a good one. Find someone that knows the ins-and-outs of programs created for first-time homebuyers.
Kevin Seawright also says to buy a home warranty package. Buy one that covers appliances and electronics. It should also cover improper installation, normal aging, the heating and cooling system and water filtration. A good home warranty package provides peace of mind that is there’s a major repair needed, it can be taken care of. Online sites like the Better Business Bureau have reviews of home warranty providers. Read: https://techbullion.com/kevin-seawright-outlines-rps-solutions-llcs-mission-to-improve-baltimores-communities/
PURCHASING A HOME
When it comes to purchasing a home, many people are often overwhelmed with the process. There are a number of steps that one needs to take in order to purchase a home. Entrepreneur Kevin Seawright and angel investor provide a few tips on making the process of buying a home much easier.
KNOW YOUR CREDIT SCORE
According to both Kevin Seawright and the first thing that a prospective homebuyer needs to do is find out their credit score. It is important for anyone purchasing a home to know their credit rating so that they have a better idea of what they can qualify for. They will also be able to know if they need to improve their credit rating as well. Therefore, finding out your credit score is an essential step to take before even buying a home.
CHOOSE THE RIGHT AGENT
Another step that a prospective homebuyer needs to take when purchasing a home is to work with the right real estate agent. For homebuyers, it is important to work with an agent who is experienced, knowledgeable and trustworthy. Both Kevin Seawright and believe that working with a quality realtor will allow homebuyers to make the purchase of a home a smooth transition.
BUY LESS THAT WHAT YOU ARE APPROVED FOR
As well as knowing your credit score and working with the right real estate agent, a prospective homebuyer is also advised to purchase a home for less than what they are approved for. and Kevin Seawright say that buying a home for a price that is less than what you approved for will allow people to afford a home more easily and also have the ability to have funds for emergencies. They will also have the ability to save more money for other things such as retirement as well.
GET A HOME WARRANTY PACKAGE
Once you purchase a home, it is also advised that you get a home warranty package. This is a policy that will allow homebuyers to have extra protection in case anything goes wrong. In a competitive real estate market where contingencies such as home inspections are often waived, a homebuyer should get this coverage so that they can avoid any costly repairs or renovations within a few years of buying the home.
The overall process of buying a house can be stressful. However, by following these steps, a person or family will be in position to make the overall process much less of a hassle. Whenever you are buying a house, it is a good idea to stay calm and complete each step at a time so that you are not overwhelmed.