Let’s buy a house!

Buying a home is a major milestone and investment in life. With so much to consider and so much at stake, it is understandable why many people are unsure of where to start when entering the housing market. However, a few simple steps can help ensure that buyers approach their pursuit of a new home with confidence and preparedness. Getting Prepared to BuyThe first step in the home-buying process is determining if you are financially prepared to buy a home. It’s important to look closely at your financial situation and understand your comfort level in terms of monthly mortgage payments and the type of house you can feasibly afford. It is highly recommended that buyers have their credit score pulled and review their credit report in order to get pre-approved for a mortgage loan. In addition to statements and payment histories from current creditors, you may need to submit your tax returns, bank statements, and other documents in order to get pre-approved for a loan.Making a List of Desired Qualities and FeaturesNow that you know what you can reasonably afford, it’s time to start narrowing the field of potential home options by creating a list of desirable qualities and features you want in a home. Some of these features may include size of the home, number of bedrooms, functional layout, and type of neighborhood, to name a few. The list can even include items that may not necessarily be necessary but would be nice to have (like a pool or extra storage space). Prioritize the items on your list to identify which features are most important and which are desirable but not mandatory.Shopping AroundA third step in preparing to buy a home is familiarizing yourself with the local real estate market and understanding current market conditions. In today’s internet-driven market, buyers have access to a wealth of real estate information online, such as average listing prices, neighborhood information, and even virtual tours of homes that are for sale. You can even make use of online space to connect with a real estate agent and start the search for the perfect home.  

Establish a great relationship with a trusted realtor.  As a buyer, having a realtor on your side comes at NO COST to you!Making an OfferOnce you find a home that you love,  your realtor can help you submit a competitive offer and line you up for a successful transaction from start to finish.

Questions?  Please call, text or email any time.  I would love to help and would love to hear from you!

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